Which T. Rowe Price fund from the Custom Mix series should I choose for my 401(k) investment?

I’m 22 years old and setting up my first 401(k). I earn $85,000 annually and plan to retire at age 65. I’m new to researching stocks but keen on maximizing growth potential for my investments. Here are the options available to me:

Stocks:

  • AM CENTURY SMALL CAP VALUE R6
  • AMERICAN FUNDS EUROPAC GRW R6
  • BLUE CHIP GROWTH FUND
  • CARILLON EAGLE MD CP GR FD R6
  • FIDELITY MID CAP INDEX FUND
  • INVESCO DEVELOPING MKTS R6
  • J HANCOCK DISC VAL MID CAP R6
  • JP MORGAN EQUITY INCOME R6
  • PRINCIPAL SMALLCAP GROWTH I R6
  • VANGRD FTSE ALLWLD XUS IDX ADM
  • VANGUARD 500 INDEX ADMIRAL
  • VANGUARD SM CAP GROWTH IDX ADM
  • VANGUARD SMALL CAP INDEX, ADM

Bonds:

  • JHANCOCK STRAT INCOME OPPS I
  • JPMORGAN CORE BOND R6
  • VANGUARD INTERM TERM BOND IND

Money Market / Stable Value:

  • TRP STABLE VALUE FUND - N

Age-Based Investments:

  • T ROWE PRICE RETIRE 2005 TR E
  • T ROWE PRICE RETIRE 2010 TR E
  • T ROWE PRICE RETIRE 2015 TR E
  • T ROWE PRICE RETIRE 2020 TR E
  • T ROWE PRICE RETIRE 2025 TR E
  • T ROWE PRICE RETIRE 2030 TR E
  • T ROWE PRICE RETIRE 2035 TR E
  • T ROWE PRICE RETIRE 2040 TR E
  • T ROWE PRICE RETIRE 2045 TR E
  • T ROWE PRICE RETIRE 2050 TR E
  • T ROWE PRICE RETIRE 2055 TR E
  • T ROWE PRICE RETIRE 2060 TR E
  • T ROWE PRICE RETIRE 2065 TR E
  • T ROWE PRICE RETIRE BAL TR E

Given my age and desire for growth, I would focus on equity funds that have historically provided higher returns over the long term. Specifically, I might consider investing in:

  1. Vanguard 500 Index Admiral - Provides broad exposure to large-cap U.S. stocks with low expenses.
  2. Vanguard Small Cap Growth Index Admiral - Targets smaller U.S. companies with potential for growth.
  3. Invesco Developing Markets R6 - Offers exposure to emerging market stocks, which can be higher risk but offer strong growth potential.

Take your time to retirement and your tolerance for risk into account when choosing a T. Rowe Price Custom Mix fund for your 401(k). Younger investors with longer time horizons might benefit from more aggressive mixes like the Growth Stock Fund. For people getting near to retirement, balanced or conservative mixtures may be effective. Examine the fund prospectuses to comprehend the allocation of investments and select the one that most closely matches your objectives.