 TITLE: When Is the Best Time to Start Saving for Retirement? CONTENT: Calculate How Much You'll Need to Save for Retirement\n-----------------------------------------------------\nNow, in order to put yourself on the right financial path for retirement, it helps to figure out how much money you'll need when you reach that point. To calculate that amount, you should consider what you want your retirement lifestyle to look like and when you want to retire. Then, you can do a little math to determine how much you'll need to save for retirement.\nTypically, investment experts suggest saving at least 15% of your gross income for retirement. But deciding on your desired retirement lifestyle and timeline will dictate whether that percentage is right for you.\nTake into account living expenses, health care expenses, debt obligations and other costs to arrive at an amount you anticipate needing in today's dollars to handle those expenses without straining your finances. Once you've got that picture in mind, use a retirement calculator like those from investment firms such as Vanguard, Fidelity, Charles Schwab and T. Rowe Price to plug in projections regarding income, expenses and investments to come up with an estimate. END