A survey conducted last year by the Employee Benefit Research Institute polled current retirees and asked them what advice they would give their younger selves about planning for retirement. A vast majority, about 70%, said they wish they had started earlier.

Time is a huge ally for retirement savers as it allows investments to grow and compound -- earning returns on top of returns -- so that your money makes money.

Now assuming you have some form of primary savings vehicle like a 401(k) or employer-sponsored plan, and perhaps a savings account or individual retirement account (IRA), there is one other easy retirement savings vehicle that you should consider: a target date retirement fund. Target date funds are an easy and effective way to supplement your retirement savings.

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Source Fool.com