Retirement is a large concept. Even retiring at 65 means you are probably planning for the next twenty-five years. This is difficult to do. Think about the past twenty-five years. Could you have planned on everything that happened in your life? No one knows the future.
However, when it comes to retirement, you can put money aside to build up the chances of a very good retirement. Do not compare yourself to others. Everyone is different. Various needs, spending habits and dreams mean different money needs.
Also, do not compare your savings to others. As you can see by the research, the average person nearing retirement has only $12,000 saved for retirement. We all need to beat the average to have a retirement that has strong underlying financial support. Start saving now.