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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRP INTL VALUE EQUITY FD-Z</name>
        <lei>97KIE6QHONOYE0TN8681</lei>
        <title>T ROWE PRICE INTERNATIONAL VALUE EQUITY FUND</title>
        <cusip>87281D827</cusip>
        <identifiers>
          <isin value="US87281D8276"/>
        </identifiers>
        <balance>24824189.125000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>585354379.570000</valUSD>
        <pctVal>4.2385373523</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRP LTD DURATION INFL FOCUSED BD FD-Z</name>
        <lei>5493009ZRV6DHHWWGU69</lei>
        <title>T ROWE PRICE LIMITED DURATION INFLATION FOCUSED BOND FUND</title>
        <cusip>872798301</cusip>
        <identifiers>
          <isin value="US8727983012"/>
        </identifiers>
        <balance>337119419.453000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1574347688.850000</valUSD>
        <pctVal>11.3998147405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRP MID-CAP GROWTH FD-Z</name>
        <lei>549300H4FB9U29ZK0L79</lei>
        <title>T ROWE PRICE MID-CAP GROWTH FUND INC</title>
        <cusip>779556505</cusip>
        <identifiers>
          <isin value="US7795565057"/>
        </identifiers>
        <balance>1827137.367000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>192744720.860000</valUSD>
        <pctVal>1.3956600093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRP MID-CAP VALUE FD-Z</name>
        <lei>VTYZMD0S9U3JRH8LCB93</lei>
        <title>T ROWE PRICE MID-CAP VALUE FUND INC</title>
        <cusip>77957Y502</cusip>
        <identifiers>
          <isin value="US77957Y5024"/>
        </identifiers>
        <balance>5905482.082000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>201199774.540000</valUSD>
        <pctVal>1.4568828549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRP NEW HORIZONS FD-Z</name>
        <lei>E0J2ATABWUU4WO6I2K88</lei>
        <title>T ROWE PRICE NEW HORIZONS FUND INC</title>
        <cusip>779562305</cusip>
        <identifiers>
          <isin value="US7795623054"/>
        </identifiers>
        <balance>1731863.739000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>104847030.730000</valUSD>
        <pctVal>0.7591948938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRP NEW INCOME FD-Z</name>
        <lei>5F373D85WF2X2XQOCV26</lei>
        <title>T ROWE PRICE NEW INCOME FUND INC</title>
        <cusip>779570506</cusip>
        <identifiers>
          <isin value="US7795705067"/>
        </identifiers>
        <balance>252056206.930000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2036614151.990000</valUSD>
        <pctVal>14.7470753729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRP OVERSEAS STOCK FD-Z</name>
        <lei>O80MRID2HJVYBDLHU105</lei>
        <title>T ROWE PRICE OVERSEAS STOCK FUND</title>
        <cusip>87281D835</cusip>
        <identifiers>
          <isin value="US87281D8359"/>
        </identifiers>
        <balance>31833528.716000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>516339835.780000</valUSD>
        <pctVal>3.7388046571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRP REAL ASSETS FD-Z</name>
        <lei>5493008NLR7XEV5QEO07</lei>
        <title>T ROWE PRICE REAL ASSETS FUND INC</title>
        <cusip>87279W308</cusip>
        <identifiers>
          <isin value="US87279W3088"/>
        </identifiers>
        <balance>26396193.577000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>471963941.160000</valUSD>
        <pctVal>3.4174798436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRP SMALL-CAP STOCK FD-Z</name>
        <lei>DN033QOT4XRHBV08B590</lei>
        <title>T ROWE PRICE SMALL-CAP STOCK FUND INC</title>
        <cusip>779572601</cusip>
        <identifiers>
          <isin value="US7795726014"/>
        </identifiers>
        <balance>1688146.018000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>104597527.290000</valUSD>
        <pctVal>0.7573882452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRP SMALL-CAP VALUE FD-Z</name>
        <lei>ZPMK6UBY3Q3LBDC3GP51</lei>
        <title>T ROWE PRICE SMALL-CAP VALUE FUND INC</title>
        <cusip>77957Q400</cusip>
        <identifiers>
          <isin value="US77957Q4001"/>
        </identifiers>
        <balance>2328569.270000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>135243303.220000</valUSD>
        <pctVal>0.9792935909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRP TRANSITION FD</name>
        <lei>549300SB1TPJU7WGZG92</lei>
        <title>T ROWE PRICE TRANSITION FUND</title>
        <cusip>87283Y100</cusip>
        <identifiers>
          <isin value="US87283Y1001"/>
        </identifiers>
        <balance>13976.998000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1366427.660000</valUSD>
        <pctVal>0.0098942707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRP US LARGE-CAP CORE FD-Z</name>
        <lei>549300UPL95VCG3J6X04</lei>
        <title>T ROWE PRICE US LARGE-CAP CORE FUND INC</title>
        <cusip>74149R404</cusip>
        <identifiers>
          <isin value="US74149R4048"/>
        </identifiers>
        <balance>13664519.276000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>643598857.890000</valUSD>
        <pctVal>4.6602842556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRP US TREASURY LONG-TERM INDEX FD-Z</name>
        <lei>81MQEQSHGI5PN6BWN277</lei>
        <title>T ROWE PRICE US TREASURY LONG-TERM INDEX FUND</title>
        <cusip>77957T701</cusip>
        <identifiers>
          <isin value="US77957T7019"/>
        </identifiers>
        <balance>50897213.559000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>373585547.520000</valUSD>
        <pctVal>2.7051241995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRP US TREASURY MONEY FD-Z</name>
        <lei>5493009ZDCM2JOJCUS84</lei>
        <title>T ROWE PRICE US TREASURY MONEY FUND INC</title>
        <cusip>77957T800</cusip>
        <identifiers>
          <isin value="US77957T8009"/>
        </identifiers>
        <balance>354560322.444000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>354560322.440000</valUSD>
        <pctVal>2.5673629903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRP VALUE FD-Z</name>
        <lei>TLDUHX6EEOQ43DDR8861</lei>
        <title>T ROWE PRICE VALUE FUND INC</title>
        <cusip>779578400</cusip>
        <identifiers>
          <isin value="US7795784005"/>
        </identifiers>
        <balance>19953360.985000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1003654057.550000</valUSD>
        <pctVal>7.2674355231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>UNITED STATES TREASURY BILL</title>
        <cusip>912797PM3</cusip>
        <identifiers>
          <isin value="US912797PM34"/>
        </identifiers>
        <balance>20000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19835111.200000</valUSD>
        <pctVal>0.1436255756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-19</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U S TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>UNITED STATES TREASURY BILL</title>
        <cusip>912797QS9</cusip>
        <identifiers>
          <isin value="US912797QS94"/>
        </identifiers>
        <balance>10000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9996750.000000</valUSD>
        <pctVal>0.0723862326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-04</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-01-05</ncom:dateSigned>
      <ncom:nameOfApplicant>T. ROWE PRICE RETIREMENT FUNDS, INC.</ncom:nameOfApplicant>
      <ncom:signature>/s/ Alan Dupski</ncom:signature>
      <ncom:signerName>Alan Dupski</ncom:signerName>
      <ncom:title>Treasurer &amp; Vice President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
