At what age do most people begin saving for retirement?
My husband and I are both 30 years old, and we just started saving this year. We are only able to save $250 each month in a Target Retirement mutual fund. Our goal is to save 15% of our gross income each month (but right now, we are only saving about 10%). Will we have enough money when we retire? I don’t want to be 80 years old, looking for a job at Walmart because we didn’t save enough. My husband is in the military, so we should also be getting a pension at the end of 20 years in service. I certainly hope that social security, a pension and our Target Retirement mutual fund are enough to keep us out of the poor house!
