T. Rowe Price Retirement 2005 Fund (TRRFX)
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. It is managed based on the specific retirement year (target date 2005) included in its name and assumes a retirement age of 65.
Fund Info
US74149P8124
74149P812
Feb 26, 2004
$2,500
Large-Cap
Blend
Expense Ratio
TRRFX has an expense ratio of 0.49%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
T. Rowe Price Retirement 2005 Fund (TRRFX) returned 1.84% year-to-date (YTD) and 5.50% over the past 12 months. Over the past 10 years, TRRFX returned 1.37% annually, underperforming the S&P 500 benchmark at 10.46%.
TRRFX
1.84%
4.01%
-0.68%
5.50%
1.13%
1.37%
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
Monthly Returns
The table below presents the monthly returns of TRRFX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.92% | 0.74% | -1.22% | 0.08% | 0.33% | 1.84% | |||||||
| 2024 | 0.00% | 1.65% | 1.97% | -2.18% | 2.40% | 0.84% | 1.83% | 1.55% | 1.28% | -1.51% | 2.25% | -3.01% | 7.11% |
| 2023 | 4.29% | -1.88% | 1.82% | 0.81% | -1.07% | 2.42% | 1.75% | -1.38% | -2.53% | -1.52% | 5.19% | 2.37% | 10.39% |
| 2022 | -2.99% | -1.50% | -0.15% | -4.82% | -0.08% | -4.59% | 4.05% | -2.67% | -5.91% | 2.39% | 4.58% | -8.74% | -19.39% |
| 2021 | -0.14% | 1.07% | 0.99% | 2.24% | 0.82% | 0.61% | 0.81% | 1.07% | -1.85% | 2.09% | -1.39% | -6.42% | -0.42% |
| 2020 | 0.29% | -2.33% | -8.50% | 5.86% | 3.00% | 2.02% | 3.00% | 2.27% | -1.39% | -0.70% | 5.54% | -4.13% | 4.06% |
| 2019 | 3.89% | 1.17% | 1.39% | 1.37% | -1.35% | 3.12% | 0.37% | 0.22% | 0.37% | 0.95% | 1.01% | 0.41% | 13.59% |
| 2018 | 1.68% | -1.95% | -0.15% | -0.15% | 0.37% | -0.07% | 1.18% | 0.51% | -0.00% | -3.25% | 0.67% | -6.25% | -7.42% |
| 2017 | 1.40% | 1.53% | 0.45% | 0.98% | 1.12% | 0.15% | 1.25% | 0.58% | 0.58% | 0.79% | 0.71% | -1.59% | 8.21% |
| 2016 | -1.85% | 0.25% | 4.09% | 0.94% | 0.31% | 1.01% | 2.00% | 0.30% | 0.45% | -1.35% | -0.45% | -0.33% | 5.37% |
| 2015 | 0.08% | 2.15% | -0.60% | 1.06% | 0.08% | -1.35% | 0.46% | -2.94% | -1.32% | 3.23% | -0.31% | -2.79% | -2.42% |
| 2014 | -1.08% | 2.58% | 0.23% | 0.68% | 1.59% | 1.12% | -0.96% | 1.56% | -1.83% | 1.12% | 0.74% | -3.03% | 2.59% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TRRFX is 70, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Retirement 2005 Fund (TRRFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
T. Rowe Price Retirement 2005 Fund provided a 2.95% dividend yield over the last twelve months, with an annual payout of $0.36 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.36 | $0.33 | $0.35 | $0.29 | $0.24 | $0.32 | $0.31 | $0.27 | $0.24 | $0.26 | $0.26 |
Dividend yield | 2.95% | 3.01% | 2.82% | 3.24% | 2.11% | 1.71% | 2.34% | 2.51% | 1.98% | 1.87% | 2.09% | 2.00% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Retirement 2005 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2014 | $0.26 | $0.26 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Retirement 2005 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 2005 Fund was 36.04%, occurring on Mar 9, 2009. Recovery took 420 trading sessions.
The current T. Rowe Price Retirement 2005 Fund drawdown is 11.49%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -36.04% | Nov 1, 2007 | 338 | Mar 9, 2009 | 420 | Nov 4, 2010 | 758 |
| -26.83% | Nov 17, 2021 | 280 | Dec 28, 2022 | — | — | — |
| -18.11% | Feb 20, 2020 | 23 | Mar 23, 2020 | 82 | Jul 20, 2020 | 105 |
| -11.14% | Jan 29, 2018 | 229 | Dec 24, 2018 | 131 | Jul 3, 2019 | 360 |
| -10.58% | May 2, 2011 | 108 | Oct 3, 2011 | 85 | Feb 3, 2012 | 193 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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