The mutual funds referred to in this website are offered and sold only to persons residing in the United States
and are offered by prospectus only. The prospectuses include investment objectives, risks, fees, expenses, and
other information that you should read and consider carefully before investing.
The principal value of the Retirement Funds is not guaranteed at any time, including at or after the target
date, which is the approximate year an investor plans to retire (assumed to be age 65) and likely stop making
new investments in the fund. If an investor plans to retire significantly earlier or later than age 65, the
funds may not be an appropriate investment even if the investor is retiring on or near the target date. The
funds’ allocations among a broad range of underlying T. Rowe Price stock and bond funds will change over time.
The funds emphasize potential capital appreciation during the early phases of retirement asset accumulation,
balance the need for appreciation with the need for income as retirement approaches, and focus on supporting
an income stream over a long-term postretirement withdrawal horizon. The funds are not designed for a lump-sum
redemption at the target date and do not guarantee a particular level of income. The funds maintain a substantial
allocation to equities both prior to and after the target date, which can result in greater volatility over
shorter time horizons.
*Based on cumulative total return, 11 of 12 (92%), 12 of 12, 12 of 12, 9 of 9, and 2 of 3 (67%) of the Retirement
Funds for individual investors outperformed their Lipper average for the 1-, 3-, 5-, and 10-year and
since-inception periods ended 12/31/14, respectively. The Retirement 2010, 2020, 2030, 2040, and Income
Funds began operations on 9/30/02; the 2005, 2015, 2025, and 2035 Funds began operations on 2/29/04; the
2045 Fund began operations on 5/31/05; and the 2050 and 2055 Funds began operations on 12/31/06. (Source
for data: Lipper Inc.)
The mutual funds referred to in this website are offered and sold only to persons residing in the United States and are offered by prospectus only. The prospectuses include investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. Download a prospectus.
This website does not provide investment advice or recommendations. Nothing in this website shall be considered a solicitation to buy or an offer to sell a security, or any other product or service, to any person in any jurisdiction where such offer, solicitation, purchase, or sale would be unlawful under the laws of such jurisdiction.
Copyright 1996–2015, T. Rowe Price Investment Services, Inc., Distributor. All Rights Reserved. T. Rowe Price, Invest with Confidence, and the bighorn sheep design are all registered trademarks of T. Rowe Price Group, Inc. All other registered trademarks are the property of their respective owners.