Whatever your age, the right time to start investing for retirement is now. You will have to put aside much less money each month if you begin saving for your retirement early in your life. If you wait until you're nearing retirement, the amount you'll need to save each month could be impossible to achieve. The sooner you start, the more time your money will have to grow. The illustration below shows how starting later makes it harder to achieve your retirement goals.
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The hypotetical illustrations are intended to demonstrate compounding
at various rates and are not intended to illustrate the performance of
any actual program. The hypothetical illustrations show a constant rate
of return, whereas actual rates of return may fluctuate. Account values
were obtained by using a nominal rate of return compounded monthly.
Contributions are made at the beginning of the period.
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Time Value of Money 
