TREHX Performance — T. Rowe Price Retirement 2025 Fund, I Class
Data updated: 2026-08-12
TREHX returned +6.64% year to date and +16.50% over one year to May 2026. Over one year the fund trailed its Target-Date category average: $100 grew to $117, against $121 for the category. Volatility over the past 12 months was 7.48% a year. In the 12 months to May 2026 the fund lost a net $2.7B, and assets reached $17.39B.
TREHX Growth of $100
What $100 invested in T. Rowe Price Retirement 2025 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | TREHX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $117 | $121 |
| Since data start (Nov 2023 – May 2026) | $143 | $158 |
TREHX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.64% |
| 1 year | +16.50% |
| 3 years (annualised) | +14.78% |
TREHX Annual Returns
Calendar-year total returns of T. Rowe Price Retirement 2025 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +6.64% |
| 2025 | +13.15% |
| 2024 | +9.90% |
| 2023 (Nov–Dec) | +7.67% |
TREHX 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 | +2.1% | +1.8% | −4.3% | +5.0% | +2.2% | — | — | — | — | — | — | — |
| 2025 | +2.3% | +0.5% | −1.7% | 0.0% | +2.5% | +2.6% | +0.5% | +2.0% | +2.0% | +0.9% | +0.6% | +0.4% |
| 2024 | −0.1% | +2.5% | +2.5% | −2.6% | +2.9% | +1.0% | +1.9% | +1.8% | +1.3% | −1.7% | +2.8% | −2.5% |
| 2023 | — | — | — | — | — | — | — | — | — | — | +3.2% | +4.3% |
TREHX Risk
Risk measures from monthly returns over Jun 2025 – May 2026.
- 1-year volatility (annualised): 7.48%
- Best month: +4.96% (Apr 2026)
- Worst month: −4.31% (Mar 2026)
TREHX Fund Flows
Monthly money in and out of T. Rowe Price Retirement 2025 Fund, from SEC Form N-PORT.
- 12-month net flow: −$2.7B
- 12-month gross sales (incl. reinvestments): $3.3B
- Sales ÷ redemptions: 0.55×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $141.2M | $530.8M | −$389.5M |
| Apr 2026 | $129.6M | $511.8M | −$382.2M |
| Mar 2026 | $180.2M | $423.2M | −$243.0M |
| Feb 2026 | $222.8M | $473.0M | −$250.2M |
| Jan 2026 | $167.7M | $618.4M | −$450.7M |
| Dec 2025 | $1.2B | $460.5M | $740.4M |
| Nov 2025 | $253.6M | $503.7M | −$250.1M |
| Oct 2025 | $190.5M | $466.7M | −$276.2M |
| Sep 2025 | $195.3M | $489.3M | −$294.0M |
| Aug 2025 | $204.8M | $432.3M | −$227.5M |
| Jul 2025 | $155.9M | $489.3M | −$333.4M |
| Jun 2025 | $211.4M | $531.0M | −$319.6M |
TREHX Assets Under Management
Net assets of T. Rowe Price Retirement 2025 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $17.39B |
| 2026-02-28 | $17.97B |
| 2025-11-30 | $18.21B |
| 2025-08-31 | $18.40B |
| 2025-05-31 | $18.38B |
| 2025-02-28 | $18.94B |
| 2024-11-30 | $19.79B |
| 2024-08-31 | $19.98B |
| 2024-05-31 | $19.77B |
| 2024-02-29 | $19.87B |
| 2023-11-30 | $11.24B |
| 2023-08-31 | $11.62B |
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.