TRRDX’s worst drop since 2002 was 53%
T. Rowe Price Retirement 2040 Fund (TRRDX) fell 53% from Oct 2007 to Mar 2009. It took 3.5 years from that peak to close at a new high, in Apr 2011. Over the same years the S&P 500 fell as much as 55%.
That drop ranks 37th deepest among the 109 mutual funds PortfolioAutopsy tracks.
Drawdown from the last high, 2002 to now
How TRRDX held up in each crash
| Crash | Years | TRRDX | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | −53.5% | −55.2% |
| COVID crash | 2020 | −31.5% | −33.7% |
| 2022 rate shock | 2022 | −25.6% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was TRRDX’s maximum drawdown?
TRRDX’s deepest fall since 2002 was 53.5%, from its high on October 10, 2007 to its low on March 9, 2009. The figure uses daily prices with dividends reinvested.
How long did TRRDX take to recover?
3.5 years. TRRDX first closed above its Oct 2007 high again on April 21, 2011.
Was TRRDX riskier than the S&P 500?
Over the same years, TRRDX’s worst drop was 53.5% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −47.9% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, October 2, 2002 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.