When should you ideally start saving for retirement?

Question

A) In your 20s

B) In your 30s

C) In your 40s

D) After 50

Answer 1

A) In your 20s

Starting to save for retirement as early as your 20s is ideal because it allows more time for your investments to grow due to compound interest. The earlier you start saving, the less you need to save each month to reach your retirement goals.