How to Save for Retirement in Your 20s, 30s, and 40s
Retirement might feel far away, but the sooner you start saving the easier it becomes. Whether you’re just starting out in your 20s, juggling responsibilities in your 30s, or catching up in your 40s, there are smart steps you can take right now to set yourself up for the future.
In Your 20s: Start Small, Think Big
Your biggest advantage? Time. Money saved in your 20s can grow for decades thanks to compound interest.
• Contribute to your 401(k) and take advantage of that employer match—it’s free money
• No 401(k)? Open a Roth IRA and let your savings grow tax-free
• Automate small contributions to build the habit
In Your 30s: Build Momentum
Life gets busy, but don’t let retirement savings take a back seat.
• Aim to save 10–15% of your income
• Direct raises or bonuses into your retirement account
• Keep investments diversified (mix of stocks, bonds, and mutual funds)
In Your 40s: Catch Up and Refocus
Now’s the time to make sure you’re on track.
• Max out contributions if you can
• Use retirement calculators (or meet with an advisor) to check your progress
• Start shifting some investments toward lower risk options as you near 50
No matter your age, the key is consistency. Small steps today can mean big freedom tomorrow.
We’re here to help you make the most of every decade with tools, tips, and retirement accounts designed to fit your goals.