diff --git a/python_modules/dagster/dagster/_core/definitions/decorators/asset_decorator.py b/python_modules/dagster/dagster/_core/definitions/decorators/asset_decorator.py
index 7695e502af008..d1670f9e3e7c7 100644
--- a/python_modules/dagster/dagster/_core/definitions/decorators/asset_decorator.py
+++ b/python_modules/dagster/dagster/_core/definitions/decorators/asset_decorator.py
@@ -36,6 +36,7 @@
 from ..input import In
 from ..output import Out
 from ..partition import PartitionsDefinition
+from ..policy import RetryPolicy
 from ..resource_definition import ResourceDefinition
 from ..utils import DEFAULT_IO_MANAGER_KEY, NoValueSentinel
 
@@ -68,6 +69,7 @@ def asset(
     group_name: Optional[str] = ...,
     output_required: bool = ...,
     freshness_policy: Optional[FreshnessPolicy] = ...,
+    retry_policy: Optional[RetryPolicy] = ...,
 ) -> Callable[[Callable[..., Any]], AssetsDefinition]:
     ...
 
@@ -93,6 +95,7 @@ def asset(
     group_name: Optional[str] = None,
     output_required: bool = True,
     freshness_policy: Optional[FreshnessPolicy] = None,
+    retry_policy: Optional[RetryPolicy] = None,
 ) -> Union[AssetsDefinition, Callable[[Callable[..., Any]], AssetsDefinition]]:
     """Create a definition for how to compute an asset.
 
@@ -149,6 +152,7 @@ def asset(
             storage and will halt execution of downstream assets.
         freshness_policy (FreshnessPolicy): A constraint telling Dagster how often this asset is intended to be updated
             with respect to its root data.
+        retry_policy (Optional[RetryPolicy]): The retry policy for the op that computes the asset.
 
     Examples:
 
@@ -190,6 +194,7 @@ def inner(fn: Callable[..., Any]) -> AssetsDefinition:
             group_name=group_name,
             output_required=output_required,
             freshness_policy=freshness_policy,
+            retry_policy=retry_policy,
         )(fn)
 
     return inner
@@ -215,6 +220,7 @@ def __init__(
         group_name: Optional[str] = None,
         output_required: bool = True,
         freshness_policy: Optional[FreshnessPolicy] = None,
+        retry_policy: Optional[RetryPolicy] = None,
     ):
         self.name = name
 
@@ -238,6 +244,7 @@ def __init__(
         self.group_name = group_name
         self.output_required = output_required
         self.freshness_policy = freshness_policy
+        self.retry_policy = retry_policy
 
     def __call__(self, fn: Callable) -> AssetsDefinition:
         asset_name = self.name or fn.__name__
@@ -282,6 +289,7 @@ def __call__(self, fn: Callable) -> AssetsDefinition:
                     **(self.op_tags or {}),
                 },
                 config_schema=self.config_schema,
+                retry_policy=self.retry_policy,
             )(fn)
 
         keys_by_input_name = {
@@ -323,6 +331,7 @@ def multi_asset(
     can_subset: bool = False,
     resource_defs: Optional[Mapping[str, ResourceDefinition]] = None,
     group_name: Optional[str] = None,
+    retry_policy: Optional[RetryPolicy] = None,
 ) -> Callable[[Callable[..., Any]], AssetsDefinition]:
     """Create a combined definition of multiple assets that are computed using the same op and same
     upstream assets.
@@ -362,6 +371,7 @@ def multi_asset(
             context within the body of the function.
         group_name (Optional[str]): A string name used to organize multiple assets into groups. This
             group name will be applied to all assets produced by this multi_asset.
+        retry_policy (Optional[RetryPolicy]): The retry policy for the op that computes the asset.
     """
     if resource_defs is not None:
         experimental_arg_warning("resource_defs", "multi_asset")
@@ -428,6 +438,7 @@ def inner(fn: Callable[..., Any]) -> AssetsDefinition:
                     **(op_tags or {}),
                 },
                 config_schema=config_schema,
+                retry_policy=retry_policy,
             )(fn)
 
         keys_by_input_name = {
diff --git a/python_modules/dagster/dagster_tests/core_tests/asset_defs_tests/test_decorators.py b/python_modules/dagster/dagster_tests/core_tests/asset_defs_tests/test_decorators.py
index dff3c90189b19..f7d69c73675e9 100644
--- a/python_modules/dagster/dagster_tests/core_tests/asset_defs_tests/test_decorators.py
+++ b/python_modules/dagster/dagster_tests/core_tests/asset_defs_tests/test_decorators.py
@@ -22,6 +22,7 @@
     build_assets_job,
     multi_asset,
 )
+from dagster._core.definitions.policy import RetryPolicy
 from dagster._core.definitions.resource_requirement import ensure_requirements_satisfied
 from dagster._core.errors import DagsterInvalidConfigError
 from dagster._core.types.dagster_type import resolve_dagster_type
@@ -583,3 +584,29 @@ def other_asset():
     # If IO manager def is provided as a resource def, it appears in required
     # resource keys on the underlying op.
     assert set(other_asset.node_def.required_resource_keys) == {"blah"}
+
+
+def test_asset_retry_policy():
+    retry_policy = RetryPolicy()
+
+    @asset(retry_policy=retry_policy)
+    def my_asset():
+        ...
+
+    assert my_asset.op.retry_policy == retry_policy
+
+
+def test_multi_asset_retry_policy():
+    retry_policy = RetryPolicy()
+
+    @multi_asset(
+        outs={
+            "key1": Out(asset_key=AssetKey("key1")),
+            "key2": Out(asset_key=AssetKey("key2")),
+        },
+        retry_policy=retry_policy,
+    )
+    def my_asset():
+        ...
+
+    assert my_asset.op.retry_policy == retry_policy