It is never too early to begin planning for your retirement. Income in retirement may be limited, therefore the more you plan, the better your retirement will be. You can begin by opening a basic savings account and put at least $25.00 aside from every paycheck. You will be amazed at how quickly the money will accumulate and earn interest. You should also see if your employer offers a 401k plan and enroll. Between your savings and 401k plan, you will be well on your way to a solid financial income by the time you reach retirement. As your savings mature, you may want to invest in Mutual Funds, Stocks, and IRAs. As soon as you enter the work force, you should begin planning for retirement.