I've heard this little piece of advice from a lot of people, people who are indeed, retired. I think it makes sense, yes you have other things to plan for and save towards, but, think about it, if you start working at age 24, and you start saving towards your retirement at say, 60, do you see how long you would have been saving for? and, do you get a picture of how much money you would have saved? it's encouraging, right?!