With people living longer, planning for retirement is even more crucial.
It's the time in your life to live out some of your dreams, try new hobbies, and travel, but many people aren't as prepared as they should be for retirement.
"It's kind of given us a little piece of mind knowing that if something were to happen or when we decided to retire that we would survive. Maybe not at the level we would have like to, but only because we didn't start doing it sooner," said Bill Sampson, retired.
The sooner you start saving money for retirement the more money you will have.
Ideally you want to put 15% of your income in a 401k plan or an IRA and take advantage of any contributions matched by your employer.
If you can't, start with a lower percentage and increase it yearly.
"You want to be able to replace 75-85 percent of your income. That will come into combination in your social security your pension you 401k assets and other investments that you've saved," said Rich Tegge, Wealth Strategy Group.
You will want to create a plan of your basic needs and lifestyle expenses you anticipate in your retirement.
Figure out the type of lifestyle you want to have, your current expenses and how much you will need to put away to support that.
"There's a variety of things that will happen in your lifetime. You will have kids, you will look to help them with college, you may buy a house. Different other things that will cause adjustments to your plan, but the key is to make those adjustments and stay on course," Tegge said.
It's also a good idea to consult with a financial advisor who can help you through the process.
While starting in your 20s is best, no matter your age putting away as much as you can afford, will benefit you in the long run.