Why Consider This Fund
- You want the opportunity to remain in the same portfolio after the target date is reached
- You want one-step diversification with exposure to domestic stocks, international stocks and fixed-income securities
- You’ve considered your risk tolerance and want your asset allocation to become more conservative over time, but still provide growth after your retirement date to protect against longevity risk
- You want an actively managed asset allocation portfolio investing in actively managed underlying funds
Notes & Data Providers
Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International stock quotes are delayed as per exchange requirements. Fundamental company data and analyst estimates provided by FactSet. Copyright © FactSet Research Systems Inc. All rights reserved. Source: FactSet
Indexes: Index quotes may be real-time or delayed as per exchange requirements refer to time stamps for information on any delays. Source: FactSet
Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Sources: FactSet, Dow Jones
Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Sources: FactSet, Dow Jones
ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Sources: FactSet, Dow Jones
Bonds: Bond quotes are updated in real-time. Sources: FactSet, Tullett Prebon
Currencies: Currency quotes are updated in real-time. Sources: FactSet, Tullett Prebon
Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Sources: CoinDesk , Kraken
Calendars and Economy: ‘Actual’ numbers are added to the table after economic reports are released. Source: Kantar Media
Turn Your Investments Into Automatic Income
Consider the T. Rowe Price Retirement Income 2020 Fund , designed for people in or nearing retirement, who are looking for regular monthly payouts from their investments. In addition to ongoing monthly dividend income, you’ll enjoy the convenience of an all-in-one fund with ready access to your money when needed.
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Transparency Is Our Policy Learn How It Impacts Everything We Do
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
Wed like to share more about how we work and what drives our day-to-day business.
Managing Payouts Through Volatile Markets
A leader in target date fund design since 2002, T. Rowe Price has applied that expertise to developing an income-generating solution for retired investors with the Retirement Income 2020 Fund. The underlying investments in the fund take advantage of our strategic investing approach, driven by independent thinking and rigorous field research. Our efforts are singularly focused on helping you invest confidently.
The funds monthly distributions are not designed to comply with or satisfy any required minimum distribution rules applicable to retirement accounts, and shareholders receiving cash distributions from the fund within such accounts will need to consider the distributions, as appropriate, in the computation of their annual required minimum distribution.
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How We Make Money
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.
Increase Your Monthly Payouts
You can adjust your monthly retirement income stream by adding or removing investment assets.
Get started with a minimum investment of $25,000.
Open an account online or speak to an Investment Specialist to discuss whether this fund is an appropriate choice to meet your income goals.
Find out if this fund is appropriate for you.
The annual payout for the following calendar year is calculated September 30th of each year. This monthly distribution varies from year to year based on the funds performance and the number of fund shares held in the account.
- The total calendar-year distribution amount is determined by calculating 5% of the funds average net asset value over the trailing five years.
The fund automatically makes 12 equal monthly dividend payments to investors each calendar year.
*Assuming Initial Investment on January 1, 2018 remained intact without additions or deductions. Account balance after 13th payment .T. Rowe Price Retirement Income 2021 Fund annual distribution scenarios
*Assuming Initial Investment on January 1, 2018 remained intact without additions or deductions. Account balance after 13th payment .
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To learn more about how we handle and protect your data, visit our privacy center.
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How T Rowe Price Retirement Funds Work
T. Rowe Price Retirement Funds, a Target Date asset allocation option, are designed to take you through retirement.
The asset mix of each Portfolio is based on a target date. This is the expected year in which participants in a Portfolio plan to retire and no longer make contributions. A team of asset allocation professionals adjusts each Portfolios make-up over time to ensure a noticeable and steady shift from equities to fixed income in the years leading to retirement.
The T. Rowe Price Retirement Funds are composed of actively managed funds and are managed to help retain your potential for growth, and aim to preserve the value of your assets at and after retirement.
As each Portfolio glides over time, its asset mix is adjusted. Looking at the image below:
- Greater emphasis on aiming to provide an income stream in your retirement years
- Actively managed T. Rowe Price funds with broad diversification
- The Funds invest in a mix of equities and bonds that gradually becomes more conservative as the target Retirement Date nears
- At the target Retirement Date, the Funds allocation to stocks is anticipated to be approximately 55% of its assets
- The Funds exposure to stocks will continue to decline until approximately 30 years after its target Retirement Date, at which its allocation to stocks will remain at approximately 20% and the remainder will be invested in bonds
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Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
Read our editorial policy to learn more about our process.
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