Retargeting projects error: Visual Studio 2017

You need to generate VS 2017 projects instead of retargeting 2015 ones.
There’s a setting for this in DefaultEngine.ini:

[/Script/WindowsTargetPlatform.WindowsTargetSettings]
Compiler=VisualStudio2017

Also make sure you have all the required packages for VS 2017:

  • game dev with c++
  • desktop dev with c++
  • desktop dev with .net
  • windows 8.1 sdk in individual components