Set daily, weekly, monthly, and annual savings goals

Most of the retirement calculators come out with a number you will need to "retire" based on your inputs and current progression. The numbers are so large that they seem impossible to reach and consequently discourage saving.

However, a daily goal is much easier to consider. If you need to get to $1,250,000 over a 30 year period, you can wrap your mind around saving $50 a day with an expected 5% annual compounding rate.