How to Save For Retirement, in a Picture

Last week was save for retirement week. Who knew? Seriously though, saving for retirement is an important matter that takes time and discipline to achieve.

Roger at The Chicago Financial Planner wrote a great article about how last week was National Save for Retirement Week. Really? And I did not get anybody a card! Shame on me.

Seriously though, saving for retirement is a sober matter, and I’ve written about it before. As the following infographic shows, Americans spend on average 20 years in retirement. That’s a long time so we had better make sure we know how and how much to save for retirement. Saving for retirement is something that requires commitment and discipline as opposed to just putting it off or avoiding it altogether.

If you can’t afford to save much in the beginning, don’t allow that to stop you; Start small through basic stock investing or putting aside what you can afford in a 401(k). If you don’t have access to a 401(k) and have limited funds, you can also start investing with as little as $250 with Motif Investing. The point is to get started as soon as you can, even if it’s in small amounts.

Last week was save for retirement week. Who knew? Seriously though, saving for retirement is an important matter that takes time and discipline to achieve.

Learn about infographic design.


How do you save for retirement? Do you have a specific number you’re saving towards or are you more hands off with your investing?

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I'm the founder of Frugal Rules, a Dad, husband and veteran of the financial services industry. I'm passionate about helping people learn from my mistakes so that they can enjoy the freedom that comes from living frugally. I'm also a freelance writer, and regularly contribute to U.S. News & World Report, Investopedia, Lending Tree and more. If you're wanting to learn how to monetize your blog, check out my blog coaching services to see how I can help you take your site to the next level.

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  • Nice infographic! For me, I’m just trying to get started. When you’re in your 20s it’s hard to think that far down the road.

  • Love the infographic! We are in primetime retirement saving mode right now. Whle we are investing, we are also saving in other ways, like real estate.

    BTW – We’d love to publish and nice infographic. How did you find that one?

    • John says:

      Thanks Greg. Great point, it can also be a great time to look at how you can diversify your saving/investing.

      I use for my infographics. It’s totally free and they have a lot you can just pick from. You just put what you’re looking for in the search field and it brings up what they have. You can also input your own info to create on of your own. I have not gone that route yet, but do plan on it.

  • justin@thefrugalpath says:

    Nice post. That infographic says it all. Sadly most people never get to plant that little seed to see their retirement investments blossom. I’m glad we started putting money into my wife’s 401k early. Wish we would have done more, but we’re going to ratchet it up this year.

    • John says:

      Thanks Justin. We’re in the same boat, but that can be changed. It’s important to learn from past mistakes and make impactful changes based off of what you’ve learned.

  • Michelle says:

    Definitely start early! Even A little bit can add up to a lot in the end.

  • Liquid says:

    Great suggestions and nice color scheme on the infographic. Starting early and continuing to make investments a priority is key to taking advantage of the power of compounding. IRAs are useful tools, my favorite one is the Roth IRA 😀

  • Money Beagle says:

    Saving for retirement is not only your retirement accounts, but also making sure your entire set of financial goals is accounted for when that time comes. For example, one of my goals is old-fashioned in that I do not want the mortgage or any debt to be in place when I retire, so this is a number that I take into account on top of the IRA and 401(k) numbers.

    • John says:

      Great point! I completely agree. I think retirement saving/investing requires a more holistic approach than just simply retirement accounts.

  • great infographic. I love the images that depict all of the steps.

  • Jason says:

    Great infograph! Roth IRAs and employer-sponsored plans are great vehicles to save for retirement. With most retired people that I speak with, the majority of them often say that they wished they would have started saving earlier and invested more throughout their lives. I hope the younger generations can learn from the mistakes of their parents and grandparents…time will tell!

    • John says:

      Thanks. I’ve seen the same thing as well. I have been encouraging my younger brother, who graduated college two years ago, to start putting money into a Roth now to get in that habit of saving money and getting it started sooner rather than later.

  • Veronica Hill says:

    Nice and simple, I like it! I need more income to save more :( C’mon darn website, make me money! Hmmm maybe I should get back into web property investments so I can reinvest that into a ROTH

  • AverageJoe says:

    Great analogy…..growing your savings. Cool.

  • Cat says:

    That’s a great graphic – easy to follow and to the point. And of course you didn’t get a card for anyone – you were saving that money for your retirement! :)

  • Pauline says:

    Nice infographic, easy and simple! I am totally hands on with my retirement, basically considering that any money “left for later” is a day less that I will have to work in my life!

  • I love the little pictures. Doesn’t look scary at all. Maybe that should be what you get to sign up for a 401K instead of a book of big words and funds that intimidate most people.

  • John says:

    That’s a great idea Kim! I totally agree.

  • Hey John,
    We save for retirement through many different plans and through work. I have no idea how much money we are aiming for to be honest. Now that we have the cash to pay our house off we can start saving more money again. While we still have renovations to do in the house we will have more money to dedicate to retirement savings and catching up with the RRSP room that we have available. So much to do and think about and we are still young. I wonder if life does get easier and when… maybe we just make it harder than it seems, who knows. Great infographic… Cheers Mr.CBB

    • John says:

      That’s awesome Mr. CBB. I think saving for retirement is best served by attacking it from various angles to set yourself up best for it. I hope it gets easier, but I think a lot of it is what you make of it.

  • CF says:

    Cute infographic! I wish I had started saving aggressively for retirement earlier.

  • I’m certainly guilty of not saving as much as I know would be optimal at my age, however, I do have several retirement investment vehicles at my disposal. Plus my employer puts 10% of my salary into a pension for me, to which I contribute another 6%. Overall, I probably contribute around 8% of my annual salary to my retirement.

  • A very belated thank you for the link back to my post. I’m pretty sure there are no Hallmark cards for National Save for Retirement Week, but it is one of the more intelligent things to have come out of Congress. Love the info graphic one of the best I’ve seen.

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