How much to save for retirement?
You may know more about when you want to retire than how much you need to save. Learn about the factors you'll need to consider.
Start saving now
At this point in life, time is your greatest asset. Saving a small amount of money now can grow into a significant amount over time through the power of compounding.
Maximize your contributions
You may not be able to contribute the maximum yet, however some smart saving techniques can help you balance saving money for retirement with short-term needs.
Establishing a few essential savings habits now can make a significant difference when the time comes to retire. After all, time is on your side.
Assess risk tolerance, asset allocation and diversification
Risk tolerance is a measure of your comfort with the ups and downs of the market. Once you understand your own risk tolerance, you can create your asset allocation, and then diversify your investments within each asset class.
Adjust your asset allocation to match your comfort with risk
Invest for the long term
Although it may be tempting to pull out of a bad market, it’s smarter to start investing for retirement or stay invested and weather the storm. In the past, the markets have always recovered, and fleeing the market may be a lost opportunity.
Stay invested through market ups and downs