Achieving your retirement goals will not happen automatically. As with most other things, the two key things that you need to do are to plan ahead and to follow through with your plan. It may be hard, but it’s an absolute necessity to consider how you will support yourself (and anyone else you need to support) during your retirement. With people living longer, you may still wind up spending as much as a third of your life in retirement. Even if you manage to save some money, you should still consider whether it is enough to provide adequate support in an unpredictable economy for 20 to 30 years.
The sooner you start planning for retirement, the better. Although not an absolute guarantee, you are more likely to meet your financial and non-financial goals with early planning than without it. Planning allows you to assess your situation and identify potential challenges. Early planning provides you with the opportunity to improve your strategy and to make adjustments to put and keep your retirement plan on track.