It might be intimidating to invest money for retirement, mainly since it’s usual for soon-to-be retirees to worry about whether or not they’ll have enough money to support themselves in their later years. Several general guidelines can be used to determine where you stand with your retirement funds. If you want to retire by the age of 67, you need to start saving your annual wage by the time you are 30 years old. You should also have three times your yearly wage saved by the time you are 40. By multiplying your annual expenses by 25, you may determine your “end goal” – the amount of money you need to save before retiring with enough money to last 30 years. This is called the 4% rule. However, there are other ways to monitor the development of your retirement savings…