TRAJX Performance — T. Rowe Price Retirement 2005 Fund, I Class
Data updated: 2026-08-12
TRAJX returned +5.32% year to date and +13.49% over one year to May 2026. Over one year the fund trailed its Target-Date category average: $100 grew to $113, against $121 for the category. Volatility over the past 12 months was 6.00% a year. In the 12 months to May 2026 the fund lost a net $83.9M, and assets reached $1.19B.
TRAJX Growth of $100
What $100 invested in T. Rowe Price Retirement 2005 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | TRAJX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $113 | $121 |
| Since data start (Nov 2023 – May 2026) | $136 | $158 |
TRAJX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.32% |
| 1 year | +13.49% |
| 3 years (annualised) | +12.49% |
TRAJX Annual Returns
Calendar-year total returns of T. Rowe Price Retirement 2005 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +5.32% |
| 2025 | +11.45% |
| 2024 | +8.22% |
| 2023 (Nov–Dec) | +6.70% |
TRAJX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.8% | +1.5% | −3.5% | +3.9% | +1.7% | — | — | — | — | — | — | — |
| 2025 | +1.9% | +0.7% | −1.2% | +0.2% | +1.8% | +2.2% | +0.4% | +1.7% | +1.6% | +0.8% | +0.5% | +0.3% |
| 2024 | +0.1% | +1.6% | +2.0% | −2.1% | +2.4% | +0.8% | +1.8% | +1.6% | +1.3% | −1.6% | +2.3% | −2.1% |
| 2023 | — | — | — | — | — | — | — | — | — | — | +2.8% | +3.8% |
TRAJX Risk
Risk measures from monthly returns over Jun 2025 – May 2026.
- 1-year volatility (annualised): 6.00%
- Best month: +3.90% (Apr 2026)
- Worst month: −3.46% (Mar 2026)
TRAJX Fund Flows
Monthly money in and out of T. Rowe Price Retirement 2005 Fund, from SEC Form N-PORT.
- 12-month net flow: −$83.9M
- 12-month gross sales (incl. reinvestments): $223.4M
- Sales ÷ redemptions: 0.73×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $10.3M | $23.0M | −$12.6M |
| Apr 2026 | $11.8M | $29.9M | −$18.1M |
| Mar 2026 | $19.9M | $20.0M | −$38K |
| Feb 2026 | $16.9M | $22.9M | −$6.0M |
| Jan 2026 | $12.2M | $32.2M | −$20.1M |
| Dec 2025 | $71.7M | $40.5M | $31.2M |
| Nov 2025 | $14.0M | $24.9M | −$11.0M |
| Oct 2025 | $16.6M | $22.1M | −$5.6M |
| Sep 2025 | $12.3M | $22.4M | −$10.1M |
| Aug 2025 | $12.7M | $19.9M | −$7.2M |
| Jul 2025 | $12.8M | $21.7M | −$8.9M |
| Jun 2025 | $12.2M | $27.7M | −$15.4M |
TRAJX Assets Under Management
Net assets of T. Rowe Price Retirement 2005 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.19B |
| 2026-02-28 | $1.20B |
| 2025-11-30 | $1.22B |
| 2025-08-31 | $1.21B |
| 2025-05-31 | $1.19B |
| 2025-02-28 | $1.20B |
| 2024-11-30 | $1.22B |
| 2024-08-31 | $1.24B |
| 2024-05-31 | $1.22B |
| 2024-02-29 | $1.22B |
| 2023-11-30 | $882.97M |
| 2023-08-31 | $922.13M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.