<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/ncen" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0404</schemaVersion>
  <headerData>
    <submissionType>N-CEN</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001295293</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      <flags>
        <returnCopyFlag>false</returnCopyFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-1A</investmentCompanyType>
    </filerInfo>
    <seriesClass>
      <reportSeriesClass>
        <rptSeriesClassInfo>
          <seriesId>S000003998</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003997</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003996</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000004001</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000004000</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003999</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003995</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000030470</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000051718</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000070577</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
      </reportSeriesClass>
    </seriesClass>
  </headerData>
  <formData>
    <generalInfo reportEndingPeriod="2022-07-31" isReportPeriodLt12="N"/>
    <registrantInfo>
      <registrantFullName>Putnam Target Date Funds</registrantFullName>
      <investmentCompFileNo>811-21598</investmentCompFileNo>
      <registrantCik>0001295293</registrantCik>
      <registrantLei>5493005X9RIMZKJNE675</registrantLei>
      <registrantstreet1>100 FEDERAL STREET</registrantstreet1>
      <registrantcity>BOSTON</registrantcity>
      <registrantzipCode>02110</registrantzipCode>
      <registrantstate>US-MA</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>1-800-225-1581</registrantphoneNumber>
      <websites>
        <website webpage="WWW.PUTNAM.COM"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>Higgins Michael J.</officeName>
          <officeAddress1>100 FEDERAL STREET</officeAddress1>
          <officeCity>BOSTON</officeCity>
          <officeStateCountry officeState="US-MA" officeCountry="US"/>
          <officeRecordsZipCode>02110</officeRecordsZipCode>
          <officePhone>1-800-225-1581</officePhone>
          <booksRecordsDesc>Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Putnam Investment Management, LLC</officeName>
          <officeAddress1>100 FEDERAL STREET</officeAddress1>
          <officeCity>BOSTON</officeCity>
          <officeStateCountry officeState="US-MA" officeCountry="US"/>
          <officeRecordsZipCode>02110</officeRecordsZipCode>
          <officePhone>1-800-225-1581</officePhone>
          <booksRecordsDesc>Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Putnam Retail Management Limited Partnership</officeName>
          <officeAddress1>100 FEDERAL STREET</officeAddress1>
          <officeCity>BOSTON</officeCity>
          <officeStateCountry officeState="US-MA" officeCountry="US"/>
          <officeRecordsZipCode>02110</officeRecordsZipCode>
          <officePhone>1-800-225-1581</officePhone>
          <booksRecordsDesc>Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Putnam Investor Services, Inc.</officeName>
          <officeAddress1>100 FEDERAL STREET</officeAddress1>
          <officeCity>BOSTON</officeCity>
          <officeStateCountry officeState="US-MA" officeCountry="US"/>
          <officeRecordsZipCode>02110</officeRecordsZipCode>
          <officePhone>1-800-225-1581</officePhone>
          <booksRecordsDesc>Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>State Street Bank and Trust Company</officeName>
          <officeAddress1>225 FRANKLIN STREET</officeAddress1>
          <officeCity>BOSTON</officeCity>
          <officeStateCountry officeState="US-MA" officeCountry="US"/>
          <officeRecordsZipCode>02110</officeRecordsZipCode>
          <officePhone>1-617-786-3000</officePhone>
          <booksRecordsDesc>Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>State Street Bank and Trust Company</officeName>
          <officeAddress1>2 AVENUE DE LAFAYETTE</officeAddress1>
          <officeCity>BOSTON</officeCity>
          <officeStateCountry officeState="US-MA" officeCountry="US"/>
          <officeRecordsZipCode>02111</officeRecordsZipCode>
          <officePhone>1-617-786-3000</officePhone>
          <booksRecordsDesc>Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <registrantFamilyInvComp isRegistrantFamilyInvComp="Y" familyInvCompFullName="Putnam Family of Funds"/>
      <registrantClassificationType>N-1A</registrantClassificationType>
      <totalSeries>20</totalSeries>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>Murphy Jennifer</directorName>
          <crdNumber>001552370</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Pillai Marie</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Sutphen Mona K</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Ahamed Liaquat</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Baumann Barbara M</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Domotorffy Katinka</directorName>
          <crdNumber>004506390</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Hill Catharine Bond</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Leibler Kenneth R</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Putnam, III George</directorName>
          <crdNumber>004355835</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Reynolds Robert L</directorName>
          <crdNumber>002009065</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Singh Manoj P</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
      </directors>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Clark James F</ccoName>
          <crdNumber>N/A</crdNumber>
          <ccoStreet1>100 FEDERAL STREET</ccoStreet1>
          <ccoCity>BOSTON</ccoCity>
          <ccoStateCountry ccoState="US-MA" ccoCountry="US"/>
          <ccoZipCode>02110</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="N/A" ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <securityMatterSeriesInfo isRegistrantSubmittedMatter="Y">
        <seriesInfo seriesName="Putnam Retirement Ready 2040 Fund" seriesId="S000003998"/>
        <seriesInfo seriesName="Putnam Retirement Ready 2045 Fund" seriesId="S000003997"/>
        <seriesInfo seriesName="Putnam Retirement Ready Maturity Fund" seriesId="S000003996"/>
        <seriesInfo seriesName="Putnam Retirement Ready 2025 Fund" seriesId="S000004001"/>
        <seriesInfo seriesName="Putnam Retirement Ready 2030 Fund" seriesId="S000004000"/>
        <seriesInfo seriesName="Putnam Retirement Ready 2035 Fund" seriesId="S000003999"/>
        <seriesInfo seriesName="Putnam Retirement Ready 2050 Fund" seriesId="S000003995"/>
        <seriesInfo seriesName="Putnam Retirement Ready 2055 Fund" seriesId="S000030470"/>
        <seriesInfo seriesName="Putnam Retirement Ready 2060 Fund" seriesId="S000051718"/>
        <seriesInfo seriesName="Putnam Retirement Ready 2065 Fund" seriesId="S000070577"/>
      </securityMatterSeriesInfo>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <coveredByInsurancePolicy isCoveredByInsurancePolicy="Y" isClaimFiledDuringPeriod="N"/>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <releaseNumbers isExemptionFromAct="Y">
        <releaseNumberInfo releaseNumber="IC-20851"/>
        <releaseNumberInfo releaseNumber="IC-20851"/>
        <releaseNumberInfo releaseNumber="IC-20851"/>
        <releaseNumberInfo releaseNumber="IC-20851"/>
        <releaseNumberInfo releaseNumber="IC-20851"/>
        <releaseNumberInfo releaseNumber="IC-20851"/>
        <releaseNumberInfo releaseNumber="IC-20851"/>
        <releaseNumberInfo releaseNumber="IC-20851"/>
        <releaseNumberInfo releaseNumber="IC-20851"/>
        <releaseNumberInfo releaseNumber="IC-20851"/>
      </releaseNumbers>
      <principalUnderwriters>
        <principalUnderwriter>
          <principalUnderwriterName>Putnam Retail Management Limited Partnership</principalUnderwriterName>
          <principalUnderwriterFileNumber>8-5088</principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>000007325</principalUnderwriterCrdNumber>
          <principalUnderwriterLei>N/A</principalUnderwriterLei>
          <principalUnderWriterStateCountry principalUnderWriterState="US-MA" principalUnderWriterCountry="US"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>Y</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
      </principalUnderwriters>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>PricewaterhouseCoopers LLP</publicAccountantName>
          <pcaobNumber>238</pcaobNumber>
          <publicAccountantLei>5493002GVO7EO8RNNS37</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantState="US-MA" publicAccountantCountry="US"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <isPaymentErrorInNetAssetValue>N</isPaymentErrorInNetAssetValue>
      <paymentDividendSeries isPaymentDividend="Y">
        <seriesInfo seriesName="Putnam Retirement Ready Maturity Fund" seriesId="S000003996"/>
        <seriesInfo seriesName="Putnam Retirement Ready 2025 Fund" seriesId="S000004001"/>
        <seriesInfo seriesName="Putnam Retirement Ready 2030 Fund" seriesId="S000004000"/>
        <seriesInfo seriesName="Putnam Retirement Ready 2035 Fund" seriesId="S000003999"/>
        <seriesInfo seriesName="Putnam Retirement Ready 2055 Fund" seriesId="S000030470"/>
        <seriesInfo seriesName="Putnam Retirement Ready 2060 Fund" seriesId="S000051718"/>
        <seriesInfo seriesName="Putnam Retirement Ready 2065 Fund" seriesId="S000070577"/>
      </paymentDividendSeries>
    </registrantInfo>
    <managementInvestmentQuestionSeriesInfo>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Retirement Ready 2040 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003998</mgmtInvSeriesId>
        <mgmtInvLei>549300GLU2WZ85IJSW84</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>9</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2040 CLASS A" sharesOutstandingClassId="C000011159" sharesOutstandingTickerSymbol="PRRZX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2040 CLASS B" sharesOutstandingClassId="C000011160" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2040 CLASS C" sharesOutstandingClassId="C000011161" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2040 CLASS R" sharesOutstandingClassId="C000011163" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2040 FUND CLASS R3" sharesOutstandingClassId="C000222441" sharesOutstandingTickerSymbol="PAAUX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2040 FUND CLASS R4" sharesOutstandingClassId="C000222440" sharesOutstandingTickerSymbol="PAAYX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2040 FUND CLASS R5" sharesOutstandingClassId="C000222442" sharesOutstandingTickerSymbol="PABTX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2040 CLASS R6" sharesOutstandingClassId="C000174677" sharesOutstandingTickerSymbol="PREHX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2040 CLASS Y" sharesOutstandingClassId="C000011164" sharesOutstandingTickerSymbol="PRZZX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-7974</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106629</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investments Limited</subAdviserName>
            <subAdviserFileNo>801-61441</subAdviserFileNo>
            <subAdviserCrdNo>000122254</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>198139619.52</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Retirement Ready 2045 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003997</mgmtInvSeriesId>
        <mgmtInvLei>5493009UZLRVQLELFH10</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>9</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2045 CLASS A" sharesOutstandingClassId="C000011153" sharesOutstandingTickerSymbol="PRVLX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2045 CLASS B" sharesOutstandingClassId="C000011154" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2045 CLASS C" sharesOutstandingClassId="C000011155" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2045 CLASS R" sharesOutstandingClassId="C000011157" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2045 FUND CLASS R3" sharesOutstandingClassId="C000222438" sharesOutstandingTickerSymbol="PACGX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2045 FUND CLASS R4" sharesOutstandingClassId="C000222437" sharesOutstandingTickerSymbol="PACFX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2045 FUND CLASS R5" sharesOutstandingClassId="C000222439" sharesOutstandingTickerSymbol="PACHX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2045 CLASS R6" sharesOutstandingClassId="C000174676" sharesOutstandingTickerSymbol="PREKX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2045 CLASS Y" sharesOutstandingClassId="C000011158" sharesOutstandingTickerSymbol="PRVYX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-7974</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106629</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investments Limited</subAdviserName>
            <subAdviserFileNo>801-61441</subAdviserFileNo>
            <subAdviserCrdNo>000122254</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>123787492.78</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Retirement Ready Maturity Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003996</mgmtInvSeriesId>
        <mgmtInvLei>549300AN182Q48YYVB84</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>9</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENTREADY MATURITY FUND- CLASS A" sharesOutstandingClassId="C000011147" sharesOutstandingTickerSymbol="PRMAX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENTREADY MATURITY FUND- CLASS B" sharesOutstandingClassId="C000011148" sharesOutstandingTickerSymbol="PRMLX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENTREADY MATURITY FUND- CLASS C" sharesOutstandingClassId="C000011149" sharesOutstandingTickerSymbol="PRMCX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENTREADY MATURITY FUND- CLASS R" sharesOutstandingClassId="C000011151" sharesOutstandingTickerSymbol="PRMKX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY MATURITY FUND CLASS R3" sharesOutstandingClassId="C000222434" sharesOutstandingTickerSymbol="PACKX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY MATURITY FUND CLASS R4" sharesOutstandingClassId="C000222435" sharesOutstandingTickerSymbol="PACPX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY MATURITY FUND CLASS R5" sharesOutstandingClassId="C000222436" sharesOutstandingTickerSymbol="PACQX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENTREADY MATURITY FUND- CLASS R6" sharesOutstandingClassId="C000174675" sharesOutstandingTickerSymbol="PREWX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENTREADY MATURITY FUND- CLASS Y" sharesOutstandingClassId="C000011152" sharesOutstandingTickerSymbol="PRMYX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Fund of Funds</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-7974</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106629</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investments Limited</subAdviserName>
            <subAdviserFileNo>801-61441</subAdviserFileNo>
            <subAdviserCrdNo>000122254</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>278048987.48</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Retirement Ready 2025 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000004001</mgmtInvSeriesId>
        <mgmtInvLei>5493001XQVUH17DVZ943</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>9</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2025 CLASS A" sharesOutstandingClassId="C000011177" sharesOutstandingTickerSymbol="PRROX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2025 CLASS B" sharesOutstandingClassId="C000011178" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2025 CLASS C" sharesOutstandingClassId="C000011179" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2025 CLASS R" sharesOutstandingClassId="C000011181" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2025 FUND CLASS R3" sharesOutstandingClassId="C000222449" sharesOutstandingTickerSymbol="PADHX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2025 FUND CLASS R4" sharesOutstandingClassId="C000222450" sharesOutstandingTickerSymbol="PADJX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2025 FUND CLASS R5" sharesOutstandingClassId="C000222451" sharesOutstandingTickerSymbol="PADKX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2025 CLASS R6" sharesOutstandingClassId="C000174680" sharesOutstandingTickerSymbol="PRMFX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2025 CLASS Y" sharesOutstandingClassId="C000011182" sharesOutstandingTickerSymbol="PRRPX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-7974</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106629</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investments Limited</subAdviserName>
            <subAdviserFileNo>801-61441</subAdviserFileNo>
            <subAdviserCrdNo>000122254</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>201264271.83</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Retirement Ready 2030 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000004000</mgmtInvSeriesId>
        <mgmtInvLei>54930052CYDQP2QMZD74</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>9</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2030 CLASS A" sharesOutstandingClassId="C000011171" sharesOutstandingTickerSymbol="PRRQX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2030 CLASS B" sharesOutstandingClassId="C000011172" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2030 CLASS C" sharesOutstandingClassId="C000011173" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2030 CLASS R" sharesOutstandingClassId="C000011175" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2030 FUND CLASS R3" sharesOutstandingClassId="C000222446" sharesOutstandingTickerSymbol="PADOX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2030 FUND CLASS R4" sharesOutstandingClassId="C000222447" sharesOutstandingTickerSymbol="PADNX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2030 FUND CLASS R5" sharesOutstandingClassId="C000222448" sharesOutstandingTickerSymbol="PADRX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2030 CLASS R6" sharesOutstandingClassId="C000174679" sharesOutstandingTickerSymbol="PREZX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2030 CLASS Y" sharesOutstandingClassId="C000011176" sharesOutstandingTickerSymbol="PRRTX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-7974</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106629</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investments Limited</subAdviserName>
            <subAdviserFileNo>801-61441</subAdviserFileNo>
            <subAdviserCrdNo>000122254</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>246454236.77</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Retirement Ready 2035 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003999</mgmtInvSeriesId>
        <mgmtInvLei>549300TQ5SVY35N1VE77</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>9</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2035 CLASS A" sharesOutstandingClassId="C000011165" sharesOutstandingTickerSymbol="PRRWX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2035 CLASS B" sharesOutstandingClassId="C000011166" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2035 CLASS C" sharesOutstandingClassId="C000011167" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2035 CLASS R" sharesOutstandingClassId="C000011169" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2035 FUND CLASS R3" sharesOutstandingClassId="C000222445" sharesOutstandingTickerSymbol="PADUX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2035 FUND CLASS R4" sharesOutstandingClassId="C000222443" sharesOutstandingTickerSymbol="PADSX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2035 FUND CLASS R5" sharesOutstandingClassId="C000222444" sharesOutstandingTickerSymbol="PADVX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2035 CLASS R6" sharesOutstandingClassId="C000174678" sharesOutstandingTickerSymbol="PREGX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2035 CLASS Y" sharesOutstandingClassId="C000011170" sharesOutstandingTickerSymbol="PRRYX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-7974</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106629</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investments Limited</subAdviserName>
            <subAdviserFileNo>801-61441</subAdviserFileNo>
            <subAdviserCrdNo>000122254</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>184020618.81</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Retirement Ready 2050 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003995</mgmtInvSeriesId>
        <mgmtInvLei>5493005V2QMLECEWSY88</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>9</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2050 FUND CLASS A" sharesOutstandingClassId="C000011141" sharesOutstandingTickerSymbol="PRRJX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2050 FUND CLASS B" sharesOutstandingClassId="C000011142" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2050 FUND CLASS C" sharesOutstandingClassId="C000011143" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2050 FUND CLASS R" sharesOutstandingClassId="C000011145" sharesOutstandingTickerSymbol="PRRKX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2050 FUND CLASS R3" sharesOutstandingClassId="C000222433" sharesOutstandingTickerSymbol="PADWX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2050 FUND CLASS R4" sharesOutstandingClassId="C000222431" sharesOutstandingTickerSymbol="PAEHX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2050 FUND CLASS R5" sharesOutstandingClassId="C000222432" sharesOutstandingTickerSymbol="PAEJX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2050 FUND CLASS R6" sharesOutstandingClassId="C000174674" sharesOutstandingTickerSymbol="PREUX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2050 FUND CLASS Y" sharesOutstandingClassId="C000011146" sharesOutstandingTickerSymbol="PRRUX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-7974</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106629</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investments Limited</subAdviserName>
            <subAdviserFileNo>801-61441</subAdviserFileNo>
            <subAdviserCrdNo>000122254</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>92895021.43</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Retirement Ready 2055 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000030470</mgmtInvSeriesId>
        <mgmtInvLei>549300GOYXVI0SBV3D92</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>9</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2055 FUND CLASS B" sharesOutstandingClassId="C000093619" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2055 FUND CLASS C" sharesOutstandingClassId="C000093620" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2055 FUND CLASS A" sharesOutstandingClassId="C000093618" sharesOutstandingTickerSymbol="PRRFX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2055 FUND CLASS R" sharesOutstandingClassId="C000093622" sharesOutstandingTickerSymbol="PRRVX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2055 FUND CLASS R3" sharesOutstandingClassId="C000222457" sharesOutstandingTickerSymbol="PAEOX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2055 FUND CLASS R4" sharesOutstandingClassId="C000222456" sharesOutstandingTickerSymbol="PAEPX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2055 FUND CLASS R5" sharesOutstandingClassId="C000222455" sharesOutstandingTickerSymbol="PAESX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2055 FUND CLASS R6" sharesOutstandingClassId="C000174682" sharesOutstandingTickerSymbol="PREVX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2055 FUND CLASS Y" sharesOutstandingClassId="C000093623" sharesOutstandingTickerSymbol="PRTLX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-7974</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106629</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investments Limited</subAdviserName>
            <subAdviserFileNo>801-61441</subAdviserFileNo>
            <subAdviserCrdNo>000122254</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>41147339.25</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Retirement Ready 2060 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000051718</mgmtInvSeriesId>
        <mgmtInvLei>549300JKGRDZLC6OJ874</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>9</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2060 FUND CLASS A" sharesOutstandingClassId="C000162753" sharesOutstandingTickerSymbol="PRTFX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2060 FUND CLASS B" sharesOutstandingClassId="C000162754" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2060 FUND CLASS C" sharesOutstandingClassId="C000162755" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2060 FUND CLASS R" sharesOutstandingClassId="C000162757" sharesOutstandingTickerSymbol="PRTRX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2060 FUND CLASS R3" sharesOutstandingClassId="C000222460" sharesOutstandingTickerSymbol="PAEVX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2060 FUND CLASS R4" sharesOutstandingClassId="C000222459" sharesOutstandingTickerSymbol="PAEUX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2060 FUND CLASS R5" sharesOutstandingClassId="C000222458" sharesOutstandingTickerSymbol="PAEWX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2060 FUND CLASS R6" sharesOutstandingClassId="C000174683" sharesOutstandingTickerSymbol="PEFGX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2060 FUND CLASS Y" sharesOutstandingClassId="C000162758" sharesOutstandingTickerSymbol="PRTYX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-7974</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106629</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investments Limited</subAdviserName>
            <subAdviserFileNo>801-61441</subAdviserFileNo>
            <subAdviserCrdNo>000122254</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>8626958.24</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Retirement Ready 2065 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000070577</mgmtInvSeriesId>
        <mgmtInvLei>5493002BUUTVG7YSMG23</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2065 FUND CLASS R6" sharesOutstandingClassId="C000224206" sharesOutstandingTickerSymbol="PCJYX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2065 FUND CLASS Y" sharesOutstandingClassId="C000224205" sharesOutstandingTickerSymbol="PCJSX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2065 FUND CLASS A" sharesOutstandingClassId="C000224209" sharesOutstandingTickerSymbol="PCJQX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2065 FUND CLASS C" sharesOutstandingClassId="C000224211" sharesOutstandingTickerSymbol="PCJRX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2065 FUND CLASS R" sharesOutstandingClassId="C000224210" sharesOutstandingTickerSymbol="PCJUX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2065 FUND CLASS R3" sharesOutstandingClassId="C000224213" sharesOutstandingTickerSymbol="PCJVX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2065 FUND CLASS R4" sharesOutstandingClassId="C000224208" sharesOutstandingTickerSymbol="PCJWX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT READY 2065 FUND CLASS R5" sharesOutstandingClassId="C000224207" sharesOutstandingTickerSymbol="PCJIX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-7974</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106629</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investments Limited</subAdviserName>
            <subAdviserFileNo>801-61441</subAdviserFileNo>
            <subAdviserCrdNo>000122254</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>281803.00</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <attachmentsTab>
      <isLegalProceedings>false</isLegalProceedings>
      <isProvisionFinancialSupport>false</isProvisionFinancialSupport>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
      <isChangeAccPrinciples>false</isChangeAccPrinciples>
      <isInfoRequiredEO>false</isInfoRequiredEO>
      <isOtherInfoRequired>false</isOtherInfoRequired>
    </attachmentsTab>
    <signature registrantSignedName="Putnam Target Date Funds" signedDate="2022-10-07" signature="Janet C. Smith" title="Principal Financial Officer"/>
  </formData>
</edgarSubmission>
