Dodai Stewart's concerns are worth hammering home:
Many of us have a vision, a belief: you work, reach the age of 65, and retire somewhere sunny to wear muumuus and collect stained glass. But the reality is that a 65-year-old women will likely live 20 years or more, and often, the money runs out. Just plugging your age and salary into a retirement calculator can be a sobering experience; if you want scale down and live on 75% of current salary when you're 85, you may need to save $1,000 a month, starting now. And! If you can only save $500 a month, and would like to retire with a $1 million, you will need to save for 38 years and 3 months to reach that number. (Adjusting for inflation, you need to save for 56 years and 3 months.)
The Dish 