Retirement might feel like a distant goal when you’re in your 20s, or like it’s coming at you fast in your 60s. The truth is, it’s never too early—or too late—to start saving. Whether you’re just beginning your career or planning to wind it down, the right habits now can make a world of difference later. Here are age-specific strategies to help you build (and protect) your nest egg.

In Your 20s: Start Small, But Start Now

Time is your greatest advantage when you’re young. Even small contributions have decades to grow thanks to compound interest. If your employer offers a retirement plan like a 401(k) with a match, take full advantage—it’s essentially free money. And if you don’t have access to a plan at work, consider opening an IRA. The key isn’t how much you save at first, but how consistently.

In Your 40s: Prioritize and Accelerate

By mid-career, expenses like mortgages, childcare, and college savings often compete for your dollars. But this is also the time to increase your retirement contributions as your income grows. Aim to save at least 15% of your salary if possible. Maximize tax-advantaged accounts, and if you’re behind, use “catch-up” strategies such as cutting discretionary expenses or directing bonuses and raises straight into savings.

In Your 60s: Protect What You’ve Built

If retirement is just around the corner, your focus shifts from growth to security. Review your investments to ensure your portfolio isn’t carrying unnecessary risk. Pay down as much debt as possible before you stop working, and build a clear picture of your monthly retirement expenses. Consider meeting with a financial advisor to map out income sources like Social Security, pensions, and savings withdrawals.

The Bottom Line

No matter your age, the most important step is to begin. Retirement savings grow with consistency, and even modest contributions can add up over time. It’s never too late to improve your financial future—what matters most is taking action today.