TRRVX Performance — T. Rowe Price Target 2025 Fund
Data updated: 2026-08-12
TRRVX returned +5.40% year to date and +13.58% over one year to May 2026. Annualised returns are +11.20% over 3 years and +4.95% over 5 years. The fund trailed its Target-Date category average: $100 invested three years ago grew to $138, against $155 for the category, and to $114 over one year, against $121. Volatility over the past three years was 6.75% a year. In the 12 months to May 2026 the fund lost a net $66.7M, and assets reached $413.59M.
TRRVX Growth of $100
What $100 invested in T. Rowe Price Target 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 | TRRVX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $114 | $121 |
| 3 years (Jun 2023 – May 2026) | $138 | $155 |
| 5 years (Jun 2021 – May 2026) | $127 | $144 |
| Since data start (Sep 2019 – May 2026) | $162 | $187 |
TRRVX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.40% |
| 1 year | +13.58% |
| 3 years (annualised) | +11.20% |
| 5 years (annualised) | +4.95% |
TRRVX Annual Returns
Calendar-year total returns of T. Rowe Price Target 2025 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +5.40% |
| 2025 | +11.41% |
| 2024 | +8.45% |
| 2023 | +12.40% |
| 2022 | −13.91% |
| 2021 | +10.12% |
| 2020 | +13.21% |
| 2019 (Sep–Dec) | +5.36% |
TRRVX 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 | +1.7% | +1.6% | −3.6% | +4.0% | +1.7% | — | — | — | — | — | — | — |
| 2025 | +1.9% | +0.7% | −1.2% | +0.1% | +1.9% | +2.2% | +0.4% | +1.8% | +1.6% | +0.7% | +0.6% | +0.3% |
| 2024 | 0.0% | +1.8% | +2.1% | −2.2% | +2.5% | +0.8% | +1.9% | +1.6% | +1.2% | −1.6% | +2.3% | −2.1% |
| 2023 | +4.4% | −2.0% | +1.8% | +0.8% | −1.0% | +2.6% | +1.8% | −1.4% | −2.6% | −1.6% | +5.3% | +3.9% |
| 2022 | −3.2% | −1.6% | 0.0% | −5.1% | 0.0% | −4.8% | +4.3% | −2.8% | −6.2% | +2.7% | +4.8% | −2.4% |
| 2021 | 0.0% | +1.7% | +1.2% | +2.6% | +0.9% | +0.7% | +0.7% | +1.3% | −2.1% | +2.5% | −1.6% | +1.7% |
| 2020 | 0.0% | −3.5% | −10.1% | +7.3% | +3.5% | +2.3% | +3.6% | +3.1% | −1.7% | −0.7% | +7.0% | +2.9% |
| 2019 | — | — | — | — | — | — | — | — | +0.6% | +1.1% | +1.5% | +2.1% |
TRRVX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.75%
- 3-year Sharpe ratio: 0.99 (vs 4.5% risk-free rate)
- Best month: +5.31% (Nov 2023)
- Worst month: −3.58% (Mar 2026)
TRRVX Fund Flows
Monthly money in and out of T. Rowe Price Target 2025 Fund, from SEC Form N-PORT.
- 12-month net flow: −$66.7M
- 12-month gross sales (incl. reinvestments): $103.3M
- Sales ÷ redemptions: 0.61×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $5.1M | $18.1M | −$13.1M |
| Apr 2026 | $3.0M | $7.0M | −$4.1M |
| Mar 2026 | $7.9M | $12.1M | −$4.1M |
| Feb 2026 | $7.9M | $10.7M | −$2.8M |
| Jan 2026 | $7.8M | $15.1M | −$7.4M |
| Dec 2025 | $32.8M | $9.7M | $23.2M |
| Nov 2025 | $6.8M | $7.3M | −$513K |
| Oct 2025 | $7.1M | $12.2M | −$5.2M |
| Sep 2025 | $5.4M | $20.7M | −$15.3M |
| Aug 2025 | $5.7M | $29.2M | −$23.5M |
| Jul 2025 | $6.8M | $22.0M | −$15.2M |
| Jun 2025 | $7.1M | $5.8M | $1.3M |
TRRVX Assets Under Management
Net assets of T. Rowe Price Target 2025 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $413.59M |
| 2026-02-28 | $426.45M |
| 2025-11-30 | $426.82M |
| 2025-08-31 | $435.43M |
| 2025-05-31 | $452.79M |
| 2025-02-28 | $468.99M |
| 2024-11-30 | $473.21M |
| 2024-08-31 | $465.23M |
| 2024-05-31 | $475.01M |
| 2024-02-29 | $493.51M |
| 2023-11-30 | $483.27M |
| 2023-08-31 | $491.84M |
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.