When Is It Too Late To Plan For Retirement? 
Procrastination has economic ramifications . But saving something is better than nothing . Here 's a few thoughts that can help if you start today.You need to plan on working until you are age 70 and not taking distributions of Social Security or any qualified retirement plans you use now . Social Security distributions are maximized at age 70 and qualified plans require minimum distributions at 70 1/2 . So age 70 is the new retirement benchmark , especially if you 're late to the game . 