This paper proposes a retargetable framework for rapid evaluation of processor architecture, which represents abstraction levels of architecture in a hierarchical manner. The basis for such framework is a hierarchical architecture description language, called XR2, which describes architecture at three abstraction levels: instruction set architecture, pipeline architecture and micro-architecture. In addition, a token-level computational model for fast pipeline simulation is proposed, which considers the minimal information required for the given performance measurement of the pipeline. Experimental result shows that token-level simulation is faster than the traditional cycle-accurate one by 50% to 80% in pipeline architecture evaluation.