PAFFX
T. Rowe Price Target 2045 Fund
T. ROWE PRICE RETIREMENT FUNDS, INC.
Fund of fundsTarget-date

Average annual returns

Through 2025 · incl. N-PORT-derived 2025
1 year
16.65%
3 year
15.93%
5 year
7.79%
10 year

Standardized average annual total returns (before tax), from calendar-year returns; recent years derived from N-PORT monthly data.

Calendar-year returns

2020 onward derived from N-PORT monthly returns

Risk statistics

78 months through Feb. 28, 2026
Volatility (ann.)
9.46%
Sharpe
1.75
Sortino
3.59
Max drawdown
-24.86%
Best month
10.28%
Worst month
-13.14%

Derived from N-PORT monthly total returns; distinct from the prospectus returns above.

Machine-readable: JSON · Markdown. Programmatic access via the agent surface.