I encourage people to start early and contribute as much as they can before they get bogged down with a mortgage and kids etc. Rarely does anybody take this sage advice. People who are older (in their 40s and 50s) seemed to think they have missed the boat. Property as an investment is not easily achieved when a small condo goes for upward of a half-million dollars in this city. Many people don't own and will not have that nest egg in their retirement either. Does not being in the housing market and not being thirty really mean you are doomed to poverty in your retirement? I say no. It is never too late to start. Even if you won't be able to vacation every year, you can supplement your retirement a bit with any amount saved. Is it better to have a $400 monthly budget or a $450 one? That little bit can make a difference. Beginning to plan retirement later in life limits your options, but in my opinion it doesn't reduce them to zero.