T. Rowe Price Retirement I 2045 Fund (TRPKX)
The fund pursues its objective by investing in a diversified portfolio of other T. Rowe Price stock and bond mutual funds that represent various asset classes and sectors. The fund's allocation among T. Rowe Price mutual funds will change over time in relation to its target retirement date. It is primarily designed for an investor who anticipates retiring at or about the target date and who plans to withdraw the value of the account in the fund gradually after retirement.
Fund Info
| Issuer | T. Rowe Price |
|---|---|
| Inception Date | Sep 28, 2015 |
| Category | Target Retirement Date |
| Min. Investment | $500,000 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
TRPKX features an expense ratio of 0.45%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: TRPKX vs. TRRKX, TRPKX vs. FXAIX, TRPKX vs. VFTNX, TRPKX vs. VIIIX, TRPKX vs. FBGRX, TRPKX vs. SWPPX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Retirement I 2045 Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 24.30% |
| 1 month | N/A | 4.09% |
| 6 months | N/A | 14.29% |
| 1 year | N/A | 35.42% |
| 5 years (annualized) | N/A | 13.95% |
| 10 years (annualized) | N/A | 11.33% |
Monthly Returns
The table below presents the monthly returns of TRPKX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.06% | 2.97% | |||||||||||
| 2023 | 7.01% | -2.78% | 2.18% | 1.27% | -0.92% | 5.51% | 3.59% | -2.49% | -4.05% | -2.73% | 8.14% | 5.15% | 20.64% |
| 2022 | -5.35% | -2.45% | 0.99% | -7.93% | 0.19% | -7.47% | 6.45% | -3.76% | -8.54% | 5.87% | 7.32% | -4.43% | -19.03% |
| 2021 | -0.06% | 3.73% | 2.24% | 4.09% | 1.33% | 1.09% | 0.54% | 2.52% | -3.77% | 4.68% | -2.86% | 3.05% | 17.46% |
| 2020 | -0.70% | -6.39% | -14.25% | 10.79% | 5.19% | 3.03% | 5.08% | 5.19% | -2.73% | -1.03% | 11.49% | 4.57% | 18.72% |
| 2019 | 8.05% | 2.67% | 1.98% | 3.02% | -5.06% | 6.02% | 0.51% | -1.38% | 1.17% | 1.60% | 2.71% | 3.02% | 26.48% |
| 2018 | 5.02% | -3.42% | -0.96% | 0.30% | 0.67% | 0.00% | 2.14% | 0.72% | -0.14% | -6.75% | 1.85% | -6.58% | -7.56% |
| 2017 | 2.85% | 2.77% | 1.26% | 1.92% | 2.12% | 0.72% | 2.46% | 0.47% | 1.62% | 1.97% | 1.79% | 0.59% | 22.56% |
| 2016 | -5.87% | -0.30% | 6.65% | 0.95% | 0.84% | -0.56% | 4.11% | 0.63% | 0.89% | -1.77% | 1.08% | 1.32% | 7.75% |
| 2015 | 6.77% | -0.27% | -1.47% | 4.91% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Retirement I 2045 Fund (TRPKX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price Retirement I 2045 Fund provided a 4.33% dividend yield over the last twelve months, with an annual payout of $0.73 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.73 | $0.54 | $0.88 | $0.71 | $0.46 | $0.72 | $0.55 | $0.39 | $0.17 | $0.12 |
Dividend yield | 4.33% | 3.27% | 6.25% | 3.81% | 2.81% | 5.06% | 4.66% | 2.92% | 1.52% | 1.14% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Retirement I 2045 Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.19 | $0.19 | ||||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.88 | $0.88 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 | $0.71 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.46 |
| 2019 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.72 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2015 | $0.12 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Retirement I 2045 Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Retirement I 2045 Fund was 32.49%, occurring on Mar 23, 2020. Recovery took 99 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.49% | Feb 20, 2020 | 23 | Mar 23, 2020 | 99 | Aug 12, 2020 | 122 |
| -27.73% | Nov 17, 2021 | 229 | Oct 14, 2022 | — | — | — |
| -17.03% | Jan 29, 2018 | 229 | Dec 24, 2018 | 70 | Apr 5, 2019 | 299 |
| -13.93% | Nov 4, 2015 | 68 | Feb 11, 2016 | 80 | Jun 7, 2016 | 148 |
| -7.38% | Sep 3, 2020 | 14 | Sep 23, 2020 | 13 | Oct 12, 2020 | 27 |
Volatility
Volatility Chart
The current T. Rowe Price Retirement I 2045 Fund volatility is 3.17%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.