Why should I plan early for retirement?

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Imagine spending your “golden years” relaxing on a beach, not a care in the world—4 or 5 weeks a year, anyway, before you have to get back to work! If you don’t want to work until the day you die, it’s a good idea to begin planning for retirement early. Studies have shown that the happiest retirees are those who have planned and saved the longest. No matter how much they’ve saved, the early planners are the ones who escape the anxiety and regret of not having been more proactive.

How long will you live? How healthy will you be at 70? What kind of lifestyle will you want decades from now? These questions are impossible for you to answer with certainty today, which makes retirement planning challenging. But on average, people spend fifteen to twenty years in retirement. You may well live to 100, and the longer you wait to start planning and saving, the greater the risk that you’ll be struggling when you should be unwinding. Start saving early.

Here’s a great overview of getting started with retirement planning.