TRFHX Performance — T. Rowe Price Retirement 2030 Fund, I Class
Data updated: 2026-08-12
TRFHX returned +7.58% year to date and +18.67% over one year to May 2026. Over one year the fund trailed its Target-Date category average: $100 grew to $119, against $121 for the category. Volatility over the past 12 months was 8.60% a year. In the 12 months to May 2026 the fund lost a net $2.8B, and assets reached $30.04B.
TRFHX Growth of $100
What $100 invested in T. Rowe Price Retirement 2030 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | TRFHX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $119 | $121 |
| Since data start (Nov 2023 – May 2026) | $148 | $158 |
TRFHX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.58% |
| 1 year | +18.67% |
3- and 5-year figures withheld: disagrees with sibling classes.
TRFHX Annual Returns
Calendar-year total returns of T. Rowe Price Retirement 2030 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +7.58% |
| 2025 | +14.57% |
| 2024 | +10.93% |
| 2023 (Nov–Dec) | +8.26% |
TRFHX 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 | +2.5% | +2.0% | −5.0% | +5.7% | +2.4% | — | — | — | — | — | — | — |
| 2025 | +2.6% | +0.3% | −2.1% | −0.1% | +3.1% | +2.9% | +0.5% | +2.2% | +2.3% | +1.0% | +0.7% | +0.4% |
| 2024 | 0.0% | +3.0% | +2.8% | −2.9% | +3.2% | +0.9% | +2.0% | +1.9% | +1.4% | −1.9% | +3.2% | −3.0% |
| 2023 | — | — | — | — | — | — | — | — | — | — | +3.5% | +4.7% |
TRFHX Risk
Risk measures from monthly returns over Jun 2025 – May 2026.
- 1-year volatility (annualised): 8.60%
- Best month: +5.74% (Apr 2026)
- Worst month: −4.97% (Mar 2026)
TRFHX Fund Flows
Monthly money in and out of T. Rowe Price Retirement 2030 Fund, from SEC Form N-PORT.
- 12-month net flow: −$2.8B
- 12-month gross sales (incl. reinvestments): $5.7B
- Sales ÷ redemptions: 0.67×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $273.2M | $772.1M | −$498.9M |
| Apr 2026 | $268.3M | $728.8M | −$460.6M |
| Mar 2026 | $362.5M | $592.4M | −$229.9M |
| Feb 2026 | $427.9M | $668.6M | −$240.7M |
| Jan 2026 | $364.7M | $907.8M | −$543.1M |
| Dec 2025 | $2.0B | $876.7M | $1.1B |
| Nov 2025 | $427.1M | $766.5M | −$339.4M |
| Oct 2025 | $297.6M | $641.6M | −$344.0M |
| Sep 2025 | $375.1M | $669.2M | −$294.1M |
| Aug 2025 | $330.4M | $559.6M | −$229.2M |
| Jul 2025 | $302.2M | $607.0M | −$304.8M |
| Jun 2025 | $335.6M | $713.3M | −$377.7M |
TRFHX Assets Under Management
Net assets of T. Rowe Price Retirement 2030 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $30.04B |
| 2026-02-28 | $30.39B |
| 2025-11-30 | $30.25B |
| 2025-08-31 | $30.07B |
| 2025-05-31 | $29.36B |
| 2025-02-28 | $29.71B |
| 2024-11-30 | $30.68B |
| 2024-08-31 | $30.51B |
| 2024-05-31 | $29.67B |
| 2024-02-29 | $29.19B |
| 2023-11-30 | $16.01B |
| 2023-08-31 | $16.34B |
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.