It’s never too early to start saving for retirement.
Retirement experts say that the average retiree will need to replace 70%-80% of their annual income in retirement. And while retirement may seem a long way off, saving while you work is important for your long-term financial well-being.
Columbia University offers faculty and staff retirement plans to help you plan—and save—so you can have a financially secure retirement. Plans are designed to help you plan for your future and provide a foundation of retirement income that will be supplemented by your additional savings and investments as well as Social Security benefits. Retirement benefits may vary according to your employee population.