You can start saving for retirement today because It’s never too early to start planning for retirement. It’s recommended that by age 67, you should have saved 10 times your final salary. Most financial experts estimate that you’ll need 70 to 90 percent of your pre-retirement income to keep up with your standard of living. It is important to also consider any debts you’ll still owe after retirement, what type of housing situation you’ll be in, and what type of health insurance plan you’ll have after retiring. Having an in-depth understanding of your finances and creating a realistic budget is essential to a successful retirement.