From Dow Jones & Company:

Young workers can set themselves up for future financial security by developing new rituals to save for retirement and long-term goals. For example, a 25-year-old worker earning a $50,000 salary who contributes $400 a month to a retirement account could have over $1.1 million saved by age 67. Financial advisers suggest saving 10%-15% of a worker’s salary, but employees of companies that offer a retirement account with an employer match should aim to contribute up to the match amount. Workers can automate their savings and set up automatic increases in their contributions. It is also important to review asset allocation and consider opening a Roth account.



Read more: 4 retirement resolutions for younger workers just starting their careers