1. Start Saving Early By Mickey Grilli For More Information Email Me

2. What is retirement? When a person retires, that means that they have saved up enough money over the course of there career to stop working or withdraw from a certain position, and live off of that money earned for the rest of their lives. Most Americans plan to retire around the age of 65 to have time to peruse other interests sure as travel, hobbies, and more. Click here for more.Click here for more.

3. Do you want to retire early so you have enough time to do the activities you never had time for while working in you career? Are you worried you wont save enough money to be able to do everything you wanted? Or are you worried you will run out of money before the end of you life? The secret to a relaxing, worry free retirement is to start preparing early and begin saving. Evaluate your savings plan here. The Secret To Having A Worry Free Retirement

4. FACTORS TO CONSIDER Age you begin your career. Average starting salary. Age you would like to retire. Life expectancy. I plan to be working a career in the field of accounting. The average starting salary for an accountant is $48,993 a year. I plan to begin working at the age of 22, and I plan to retire at the age of 65 which means I will have 43 years of savings. I calculated my life expectancy. I will live roughly 75 years which means I will have 10 years or retirement. Calculator your life expectancy here.$48,993 a year Calculator your life expectancy here. MY RETIREMENT PLAN Why To Start Saving Early? It is important to start savings early to ensure you can live comfortably both after, and before you retire. If you set aside a certain amount of money from your salary each year while working, you will be prepared if things do not always go according to plan. Also, you will be able to spend more freely during you working life because you will know how much to save each year. There are several factors to consider when deciding how much money to set aside.

5. There are several other factors that must also be considered. Rates change over time. Inflation rate, Average savings rate, Retirement salary, Total savings, and annuity, and Final salary at retirement needed. Additional Factors My inflation rate- 2.15% My inflation rate My average savings rate- 5.50% My average savings rate My retirement salary- $91,716.03 My total savings- $691.321.12 My Annuity- $91,716.03 Final salary at retirement- $122,288.04

6. If I had waited to start saving: Immediately: $4,226.30 per year (9% of my salary) 10 Years- $7,835.91 per year (13% of my salary) 15 Years- $10,932.83 per year (16% of my salary) 20 Years- $15,672.01 per year (21% of my salary) 25 Years- $23,449.55 per year (28% of my salary) Can I Wait To Start Saving It is very risky to begin saving later. You will need to put aside more money a year and if you are not progressing in your field as much as you would like living may get difficult. High risk, high return. However, this is you life. More than just a dice game.

7. You Will Be Able To Live More Comfortably While Preparing For Retirement Percent Of My Salary Saved Per Year

8. The Earlier You Start, The More Of Your Salary You Have To Spend Amount Of Money Out Of My Salary

9. Conclusion Everyone who works plans to retire at some point. You can start saving whenever you want, however the earlier you start saving, the less risky it is. Things change such as jobs, promotions, etc. For example If you start saving immediately, if something happens such as getting laid off, you just save a little more money when you find work again. If you start saving late and you get late, you may have to work extra years to save enough to survive while working and still retire. In conclusion, start saving early and enjoy you retirement. Click here for other retirement activities and prices.Click here for other retirement activities and prices.

10. http://www.retirement-cafe.com/Fun-Things-to-Do-When-You-Retire.html http://www.marketwatch.com/story/top-10-most-desired-retirement-activities http://cgi.money.cnn.com/tools/retirementplanner/retirementplanner.jsp http://money.cnn.com/retirement/guide/Basics/ http://www.stock-market-investors.com/stock-investment-risk/high-risk-high-return.html http://stats.bls.gov/OCO/OCOS001.HTM http://www.medindia.net/patients/calculators/death_clockresult.asp?showRes=01 http://www.inflationdata.com/inflation/inflation_rate/historicalinflation.aspx http://investmentforge.com/investment.html http://resources.monster.com/money/money-saving-tips.asp Sources