O'Leary's Retirement Savings Advice: Start Small if Needed, But Save Early for Compound Growth

Kevin O'Leary recommends saving 15% of your income for retirement, though 10-20% is a good target range according to financial experts.

If 15% feels out of reach, start small with 1% or 10% and increase over time as you get raises. Put at least enough to get any employer match.

Make sure you're not neglecting high interest debt payments just to save. Manage your budget to find areas to cut back and add to retirement.

Consider setting up automatic contribution increases with your employer plan over time to steadily build up to 15%.

Start saving as early as possible to take full advantage of compound growth over decades. The earlier you start, the more time your money has to grow.