How to Plan for Retirement in Your 20s and 30s

Start Early for a Secure Future

Planning for retirement in your 20s and 30s gives you a head start. Here’s how.

Contribute to a 401(k)

Enroll in your employer’s 401(k) and contribute enough to get the full match.

Open an IRA

A Roth IRA offers tax-free growth, ideal for young earners in lower tax brackets.

Invest Wisely

Choose low-cost index funds for long-term growth with minimal fees.

Increase Contributions Over Time

Raise your savings rate with each raise or promotion.

Starting early leverages compounding, making retirement planning easier.