1. Weigh your current income level against the end goal
There's no one-size-fits-all rule for retirement planning, so it's vital to clarify your goals for the future — both personal and business. From there, you can determine how your current income level aligns with your retirement goals (eighty percent of your current income is a typical benchmark). If you don't have much time or cash flow, you may have to commit to a strict savings plan or be willing to adjust your end goals.