Don’t wait too long to start saving
As the general rule goes, you’ll need about 80% of your pre-retirement income during retirement. Most Americans will get nearly 40% of their replacement income from Social Security retirement benefits.
If you still haven’t started saving for your retirement or are saving too little, it is time to change that. By starting your savings in your 20s or 30s you are more likely to benefit from compounding and decades of market gains as well.