Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, yield, and return will vary and you may have a gain or loss when you sell your shares.
For up-to-date standardized total returns, please click here.
The performance information shown does not reflect the deduction of redemption fees, if it did, the performance would be lower.
Note about the Target 2040 Fund's expense ratio:
The fund's gross expense ratio as of its fiscal year ended 05/31/2016 was
To protect the interests of shareholders, T. Rowe Price Associates will waive its fees and/or bear any expenses that would cause the fund's
expense ratio to exceed 0.74%.
This contractual expense limitation expires on 09/30/2018.
*Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a fund's 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics.