Counting on the government for Social Security and a secure retirement? Most young people who are graduating now will need over a million dollars to safely retire. In fact some of us older people will need that, too. a million is not what it used to be.
Learn now how to get there. Start early with tax deferred contributions to your retirement plan at work and open a ROTH. Live beneath your means. Google a retirement calculator, figure out what you will need to save for when you retire and how much you need to save to reach that goal. If a person put away tax-deferred money in a retirement account from age 20-30 (and stopped at 30 which I don't recommend) and then let it compound in a mutual fund until retirement age, they would have more $ than a person who starts at age 30 and continues to contribute until age 65. If this stuff is a snoozer to you, consult an expert or family member who is successful and understands investing and retirement planning. Two books, "The millionaire next door" and any of Suze Orman's books can get you going.