Description

The T. Rowe Price Retirement 2055 Fund strives to achieve the best possible long-term total return, focusing on both capital appreciation and income generation. It accomplishes this by allocating its assets across a diverse selection of other T. Rowe Price stock and bond mutual funds, which collectively span various asset classes and market sectors. The portfolio's composition is not static; its allocation among these underlying funds progressively shifts over time, aligning with its specific target retirement date. This fund is designed with a 2055 retirement in mind, based on the assumption that individuals will typically retire at age 65.