10 Ways to Prepare for Retirement Without Getting Overwhelmed

Retirement planning can feel like one of those things you'll "get to eventually"—until it creeps up. Whether you're early in your career or considering a slower pace, the key is to take small, consistent steps.

Here are 10 simple ways to get started—or stay on track.

1. Start Saving (and Keep Going)

Saving for retirement doesn't require big leaps—it's all about building a habit. Start with what you can, even if it's just a small amount each month. As your income grows, try to increase your savings as well. The earlier you begin, the more time your money has to grow.

Treat it like a bill you pay to your future self.

2. Estimate What Retirement Will Cost

Retirement isn't one-size-fits-all. Some people spend less; others spend more. A general rule? Aim to replace around 70% to 90% of your pre-retirement income. That number may shift depending on your lifestyle goals, so check in with your plan from time to time.

3. Take Advantage of Your Workplace Plan

If your employer offers a 401(k) or similar retirement plan, try to contribute enough to get the full company match, if available. It's essentially extra money for your future. And because the contributions are automatic, it's one less thing to think about.

4. Learn the Basics of Any Pension You May Have

Still have a traditional pension? You'll want to understand how it works. Review your benefit statement, ask what happens if you change jobs, and find out if you're eligible for benefits from previous employers—or even your spouse's plan.

5. Pay Attention to How Your Money Is Invested

Knowing where your savings go is just as important as how much you're putting in. Learn about your options, ask questions, and consider spreading your savings across different types of investments to reduce risk. Your mix of investments should shift as your goals or timeline change.

6. Try Not to Dip Into Retirement Savings

It's tempting to withdraw early when cash is tight, but doing so could trigger taxes, penalties, and lost future growth. If you leave a job, consider rolling your savings into an IRA or your new employer's plan instead of cashing out.

7. Talk to Your Employer if There's No Plan

If your company doesn't offer a retirement plan, it's worth asking. Small businesses now have more options than ever to offer simplified plans. Starting the conversation could benefit everyone on the team—including you.

8. Open an IRA

Even if your job doesn't have a plan—or even if it does—you can still contribute to an Individual Retirement Account (IRA). Depending on your age, you may be able to contribute $6,500 to $7,500 per year. IRAs offer potential tax advantages, and automatic transfers make saving a breeze.

9. Know What to Expect from Social Security

Social Security typically covers around 40% of pre-retirement income. Your benefit will depend on how much you've earned and when you decide to start collecting. 

10. Ask Questions Along the Way

Don't feel like you need to know it all. Consult with your HR representative, a licensed financial professional, or a representative from your bank. Reliable information can make a significant difference, and asking questions early can help you avoid costly surprises later on.

A Little Planning Goes a Long Way

Preparing for retirement doesn't have to feel like climbing a mountain. It's about building smart habits, checking in regularly, and making thoughtful decisions. The sooner you start—even with small steps—the more confident you'll feel about whatever the future brings.