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          <isin value="US87279B1061"/>
          <ticker value="PRFRX"/>
        </identifiers>
        <balance>5343680.62584600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50978713.17000000</valUSD>
        <pctVal>0.364349648876</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>T ROWE PRICE NEW HORIZONS FUND INC</name>
        <lei>E0J2ATABWUU4WO6I2K88</lei>
        <title>T ROWE PRICE NEW HORIZONS FUND INC</title>
        <cusip>779562107</cusip>
        <identifiers>
          <isin value="US7795621074"/>
          <ticker value="PRNHX"/>
        </identifiers>
        <balance>6358068.65378000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>383455120.51000000</valUSD>
        <pctVal>2.740589744815</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>T ROWE PRICE HIGH YIELD FUND INC</name>
        <lei>2F9VPFCSWR3EU5WBPH73</lei>
        <title>T ROWE PRICE HIGH YIELD FUND INC</title>
        <cusip>741481105</cusip>
        <identifiers>
          <isin value="US7414811056"/>
          <ticker value="PRHYX"/>
        </identifiers>
        <balance>16949867.31238300</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>110174137.53000000</valUSD>
        <pctVal>0.787424904007</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>T ROWE PRICE US TREASURY LONG-TERM FUND</name>
        <lei>81MQEQSHGI5PN6BWN277</lei>
        <title>T ROWE PRICE US TREASURY LONG-TERM FUND</title>
        <cusip>77957T206</cusip>
        <identifiers>
          <isin value="US77957T2069"/>
          <ticker value="PRULX"/>
        </identifiers>
        <balance>20873368.70887000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>303498781.03000000</valUSD>
        <pctVal>2.169134280300</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>T ROWE PRICE NEW INCOME FUND INC</name>
        <lei>5F373D85WF2X2XQOCV26</lei>
        <title>T ROWE PRICE NEW INCOME FUND INC</title>
        <cusip>779570100</cusip>
        <identifiers>
          <isin value="US7795701009"/>
          <ticker value="PRCIX"/>
        </identifiers>
        <balance>87069643.50873900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>866342952.91000000</valUSD>
        <pctVal>6.191834416190</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>T ROWE PRICE US TREASURY MONEY FUND INC</name>
        <lei>5493009ZDCM2JOJCUS84</lei>
        <title>T ROWE PRICE US TREASURY MONEY FUND INC</title>
        <cusip>77957T305</cusip>
        <identifiers>
          <isin value="US77957T3059"/>
          <ticker value="PRTXX"/>
        </identifiers>
        <balance>43720276.79465000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43720276.79000000</valUSD>
        <pctVal>0.312472922650</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>T ROWE PRICE OVERSEAS STOCK FUND</name>
        <lei>O80MRID2HJVYBDLHU105</lei>
        <title>T ROWE PRICE OVERSEAS STOCK FUND</title>
        <cusip>77956H757</cusip>
        <identifiers>
          <isin value="US77956H7576"/>
          <ticker value="TROSX"/>
        </identifiers>
        <balance>104729580.91301800</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1051484992.37000000</valUSD>
        <pctVal>7.515061953231</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>T ROWE PRICE EMERGING MARKETS BOND FUND</name>
        <lei>515326IHLDOILEO6ED43</lei>
        <title>T ROWE PRICE EMERGING MARKETS BOND FUND</title>
        <cusip>77956H872</cusip>
        <identifiers>
          <isin value="US77956H8723"/>
          <ticker value="PREMX"/>
        </identifiers>
        <balance>12868770.77726700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>149921179.56000000</valUSD>
        <pctVal>1.071500744823</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>T ROWE PRICE MID-CAP GROWTH FUND INC</name>
        <lei>80RXPO345YBHPM0J9835</lei>
        <title>T ROWE PRICE MID-CAP GROWTH FUND INC</title>
        <cusip>779556109</cusip>
        <identifiers>
          <isin value="US7795561098"/>
          <ticker value="RPMGX"/>
        </identifiers>
        <balance>6102589.20939000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>535563229.02000000</valUSD>
        <pctVal>3.827720676152</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>T ROWE PRICE INTERNATIONAL VALUE EQUITY FUND</name>
        <lei>97KIE6QHONOYE0TN8681</lei>
        <title>T ROWE PRICE INTERNATIONAL VALUE EQUITY FUND</title>
        <cusip>77956H849</cusip>
        <identifiers>
          <isin value="US77956H8491"/>
          <ticker value="TRIGX"/>
        </identifiers>
        <balance>78166024.94527200</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>977856972.07000000</valUSD>
        <pctVal>6.988835579994</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>T Rowe Price Equity Index 500 Fund</name>
        <lei>549300VJO42KQ3FO2X07</lei>
        <title>T ROWE PRICE EQUITY INDEX 500 FUND</title>
        <cusip>779552108</cusip>
        <identifiers>
          <isin value="US7795521084"/>
          <ticker value="PREIX"/>
        </identifiers>
        <balance>13620960.78932100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1071969614.12000000</valUSD>
        <pctVal>7.661467467962</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>T ROWE PRICE SMALL-CAP VALUE FUND INC</name>
        <lei>ZPMK6UBY3Q3LBDC3GP51</lei>
        <title>T ROWE PRICE SMALL-CAP VALUE FUND INC</title>
        <cusip>77957Q103</cusip>
        <identifiers>
          <isin value="US77957Q1031"/>
          <ticker value="PRSVX"/>
        </identifiers>
        <balance>6983749.97778300</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>295412624.06000000</valUSD>
        <pctVal>2.111341757312</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>T Rowe Price Dynamic Global Bond Fund</name>
        <lei>549300RBL73KV0WZZF27</lei>
        <title>T ROWE PRICE DYNAMIC GLOBAL BOND FUND</title>
        <cusip>77956H575</cusip>
        <identifiers>
          <isin value="US77956H5752"/>
          <ticker value="RPIEX"/>
        </identifiers>
        <balance>22563300.14175100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>207131095.30000000</valUSD>
        <pctVal>1.480385383448</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>T ROWE PRICE MID-CAP VALUE FUND INC</name>
        <lei>VTYZMD0S9U3JRH8LCB93</lei>
        <title>T ROWE PRICE MID-CAP VALUE FUND INC</title>
        <cusip>77957Y106</cusip>
        <identifiers>
          <isin value="US77957Y1064"/>
          <ticker value="TRMCX"/>
        </identifiers>
        <balance>19059010.70376100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>477428218.13000000</valUSD>
        <pctVal>3.412224295642</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>T Rowe Price Small-Cap Stock Fund Inc</name>
        <lei>DN033QOT4XRHBV08B590</lei>
        <title>T ROWE PRICE SMALL-CAP STOCK FUND INC</title>
        <cusip>779572106</cusip>
        <identifiers>
          <isin value="US7795721064"/>
          <ticker value="OTCFX"/>
        </identifiers>
        <balance>7003055.76669100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>334185821.19000000</valUSD>
        <pctVal>2.388457437203</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>T ROWE PRICE INTERNATIONAL BOND FUND - USD HEDGED</name>
        <lei>549300A3CV9FBEEC1242</lei>
        <title>T ROWE PRICE INTERNATIONAL BOND FUND - USD HEDGED - INV</title>
        <cusip>77956H211</cusip>
        <identifiers>
          <isin value="US77956H2114"/>
          <ticker value="TNIBX"/>
        </identifiers>
        <balance>30454772.62576400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>308202298.97000000</valUSD>
        <pctVal>2.202750764580</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>
    </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>2020-04-23</ncom:dateSigned>
      <ncom:nameOfApplicant>T. ROWE PRICE RETIREMENT FUNDS, INC.</ncom:nameOfApplicant>
      <ncom:signature>Alan S. Dupski</ncom:signature>
      <ncom:signerName>Alan S. Dupski</ncom:signerName>
      <ncom:title>Treasurer &amp; Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
