Fund info

T. Rowe Price Retirement 2060 Fund – R Class is a target-date mutual fund designed for investors expecting to retire around 2060. It pursues total return over time with an emphasis on both capital growth and income by allocating across a diversified mix of underlying T. Rowe Price stock and bond funds. The fund follows an actively managed glide path that begins with a very high equity allocation—approximately 98% decades before retirement—and gradually shifts toward fixed income, reaching about 55% equity at the retirement date to balance growth and longevity risk. Its benchmark is the S&P Target Date 2060 Index, and it employs broad global equity exposure alongside core and diversifying fixed income as the glide path progresses. As of June 30, 2025, reported characteristics include multi-year performance data, an expense ratio cited in the prospectus, and portfolio turnover indicative of a strategic, not tactical, allocation approach. Positioned within the target-date category, the fund serves as a single, age-based portfolio intended to simplify long-term retirement investing through automatic rebalancing and risk reduction as the target year approaches.