TRDBX Performance — T. Rowe Price Retirement 2020 Fund, I Class
Data updated: 2026-08-12
TRDBX returned +6.29% year to date and +15.68% over one year to May 2026. Over one year the fund trailed its Target-Date category average: $100 grew to $116, against $121 for the category. Volatility over the past 12 months was 7.11% a year. In the 12 months to May 2026 the fund lost a net $1.7B, and assets reached $13.31B.
TRDBX Growth of $100
What $100 invested in T. Rowe Price Retirement 2020 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | TRDBX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $116 | $121 |
| Since data start (Nov 2023 – May 2026) | $140 | $158 |
TRDBX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.29% |
| 1 year | +15.68% |
| 3 years (annualised) | +14.02% |
TRDBX Annual Returns
Calendar-year total returns of T. Rowe Price Retirement 2020 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +6.29% |
| 2025 | +12.70% |
| 2024 | +9.30% |
| 2023 (Nov–Dec) | +7.20% |
TRDBX 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 | +2.0% | +1.7% | −4.1% | +4.7% | +2.1% | — | — | — | — | — | — | — |
| 2025 | +2.1% | +0.6% | −1.5% | +0.1% | +2.3% | +2.4% | +0.5% | +1.9% | +1.9% | +0.8% | +0.6% | +0.4% |
| 2024 | 0.0% | +2.1% | +2.3% | −2.4% | +2.7% | +0.9% | +1.9% | +1.7% | +1.4% | −1.7% | +2.6% | −2.5% |
| 2023 | — | — | — | — | — | — | — | — | — | — | +2.9% | +4.2% |
TRDBX Risk
Risk measures from monthly returns over Jun 2025 – May 2026.
- 1-year volatility (annualised): 7.11%
- Best month: +4.69% (Apr 2026)
- Worst month: −4.11% (Mar 2026)
TRDBX Fund Flows
Monthly money in and out of T. Rowe Price Retirement 2020 Fund, from SEC Form N-PORT.
- 12-month net flow: −$1.7B
- 12-month gross sales (incl. reinvestments): $2.0B
- Sales ÷ redemptions: 0.54×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $68.5M | $273.8M | −$205.4M |
| Apr 2026 | $68.5M | $325.1M | −$256.6M |
| Mar 2026 | $105.5M | $260.0M | −$154.5M |
| Feb 2026 | $142.4M | $311.1M | −$168.7M |
| Jan 2026 | $83.8M | $383.9M | −$300.1M |
| Dec 2025 | $875.5M | $351.8M | $523.7M |
| Nov 2025 | $151.9M | $346.5M | −$194.6M |
| Oct 2025 | $94.1M | $294.6M | −$200.5M |
| Sep 2025 | $110.8M | $284.5M | −$173.6M |
| Aug 2025 | $105.3M | $260.2M | −$154.9M |
| Jul 2025 | $85.2M | $298.3M | −$213.2M |
| Jun 2025 | $113.8M | $324.6M | −$210.8M |
TRDBX Assets Under Management
Net assets of T. Rowe Price Retirement 2020 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $13.31B |
| 2026-02-28 | $13.62B |
| 2025-11-30 | $13.81B |
| 2025-08-31 | $13.92B |
| 2025-05-31 | $13.84B |
| 2025-02-28 | $14.26B |
| 2024-11-30 | $14.85B |
| 2024-08-31 | $15.07B |
| 2024-05-31 | $14.94B |
| 2024-02-29 | $15.14B |
| 2023-11-30 | $9.76B |
| 2023-08-31 | $10.10B |
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.