It’s a daunting task for sure but worth the effort and easier than you think.

1. Figure out how much monthly income you’ll need to live, pay your bills and lead the retirement lifestyle you’d like to have.
2. How much do you need to save to achieve this?
3. How much monthly income will you receive from other sources (like government pensions, from other investments or savings you may already have)?
4. Set up a savings plan to get you on the path to your retirement savings goal.

Tip: Go to your bank’s website and use their calculators to help you with 2 and 3.