How to Retire Rich When You Haven't Started Saving Yet

To many people, retirement might seem like a lofty goal -- especially as it becomes more and more difficult to afford to retire.

Pensions are scarce these days, and many workers are concerned about the future of Social Security. That means most of your retirement income will likely need to come from your personal savings, and retirement isn't cheap. In fact, the average worker thinks they'll need to have around $1.7 million saved so that their money lasts the rest of their life, a survey from Charles Schwab found.

If you're behind on your retirement savings, you may feel like you're doomed to struggle in your golden years. But if you're willing to work for it, it is possible to retire rich -- even if you haven't started saving yet.

Source Fool.com