How do I start saving for retirement?
Start as early as possible, use available retirement plans and increase contributions over time.
The earlier you start saving for retirement, the more time compound growth has to work. Even small contributions help, and you can increase them later.
Rules and accounts differ by country, so check what applies to you.
Use available plans
If your employer offers a retirement plan with contributions, join it, especially if they match your contribution. Look into tax-advantaged retirement accounts in your country.
How much
A commonly quoted guide is to save 10 to 15% of income, but your needs may differ. Use a retirement calculator to estimate.
Keep going
Increase contributions when your income rises, keep costs low and review your plan each year. A licensed financial adviser can help with personal advice.
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