TSBAX Performance — T. Rowe Price Retirement Blend 2020 Fund
Data updated: 2026-08-12
TSBAX returned +6.41% year to date and +16.26% over one year to May 2026. The annualised 3-year return is +12.78%. The fund trailed its Target-Date category average: $100 invested three years ago grew to $143, against $155 for the category, and to $116 over one year, against $121. Volatility over the past three years was 7.68% a year. In the 12 months to May 2026 the fund took in a net $229.2M, and assets reached $578.08M.
TSBAX Growth of $100
What $100 invested in T. Rowe Price Retirement Blend 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 | TSBAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $116 | $121 |
| 3 years (Jun 2023 – May 2026) | $143 | $155 |
| Since data start (Jul 2021 – May 2026) | $131 | $143 |
TSBAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.41% |
| 1 year | +16.26% |
| 3 years (annualised) | +12.78% |
TSBAX Annual Returns
Calendar-year total returns of T. Rowe Price Retirement Blend 2020 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +6.41% |
| 2025 | +13.26% |
| 2024 | +9.42% |
| 2023 | +13.89% |
| 2022 | −14.48% |
| 2021 (Jul–Dec) | +2.08% |
TSBAX 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 | +1.9% | +1.6% | −3.9% | +4.8% | +2.1% | — | — | — | — | — | — | — |
| 2025 | +2.2% | +0.5% | −1.8% | +0.3% | +2.4% | +2.5% | +0.5% | +2.0% | +2.0% | +1.0% | +0.4% | +0.5% |
| 2024 | 0.0% | +2.1% | +2.2% | −2.6% | +2.8% | +1.0% | +1.9% | +1.7% | +1.5% | −1.7% | +2.7% | −2.4% |
| 2023 | +5.1% | −2.1% | +2.0% | +0.8% | −1.0% | +3.1% | +2.0% | −1.6% | −3.0% | −1.8% | +5.9% | +4.2% |
| 2022 | −3.4% | −1.8% | +0.2% | −5.5% | +0.1% | −5.3% | +4.7% | −2.9% | −6.6% | +3.2% | +5.3% | −2.7% |
| 2021 | — | — | — | — | — | — | −0.1% | +1.4% | −2.4% | +2.7% | −1.5% | +2.0% |
TSBAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 7.68%
- 3-year Sharpe ratio: 1.08 (vs 4.5% risk-free rate)
- Best month: +5.94% (Nov 2023)
- Worst month: −3.94% (Mar 2026)
TSBAX Fund Flows
Monthly money in and out of T. Rowe Price Retirement Blend 2020 Fund, from SEC Form N-PORT.
- 12-month net flow: $229.2M
- 12-month gross sales (incl. reinvestments): $374.7M
- Sales ÷ redemptions: 2.58×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $66.2M | $10.2M | $56.0M |
| Apr 2026 | $19.9M | $11.2M | $8.7M |
| Mar 2026 | $13.4M | $7.3M | $6.1M |
| Feb 2026 | $46.4M | $22.9M | $23.5M |
| Jan 2026 | $52.7M | $12.5M | $40.1M |
| Dec 2025 | $49.0M | $14.6M | $34.4M |
| Nov 2025 | $25.7M | $13.0M | $12.7M |
| Oct 2025 | $16.7M | $10.7M | $6.0M |
| Sep 2025 | $21.8M | $9.6M | $12.2M |
| Aug 2025 | $23.0M | $13.5M | $9.5M |
| Jul 2025 | $27.4M | $13.2M | $14.2M |
| Jun 2025 | $12.6M | $6.7M | $5.8M |
TSBAX Assets Under Management
Net assets of T. Rowe Price Retirement Blend 2020 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $578.08M |
| 2026-02-28 | $491.24M |
| 2025-11-30 | $389.52M |
| 2025-08-31 | $346.06M |
| 2025-05-31 | $300.42M |
| 2025-02-28 | $273.39M |
| 2024-11-30 | $227.31M |
| 2024-08-31 | $194.31M |
| 2024-05-31 | $170.45M |
| 2024-02-29 | $138.48M |
| 2023-11-30 | $112.65M |
| 2023-08-31 | $96.99M |
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.