They both require a plan. If you have plan you will achieve both goals quicker. If you have no plan, you may fail. But when you are young, in college, so much can change in five years how can you have a plan for the next forty? A plan does not have to be set in stone nor extremely specific, it can be a general outline for your life and it can change as your life does. You just need to know what you want. For example, I have a wants list that I add to as I find items I want, as time passes I put money aside for those wants and either decide I no longer want that item or am able to buy it.
It is recommended that you save at least 10% of your income towards retirement as a minimum though some say women need to save 15% because we live longer. You may not think retirement is important but what if you get sick and cannot work? Wouldn't you like to be able to say enough is enough and stop working if you need to? Being able to retire does not mean you must retire just that you have the freedom to. Having a plan for getting though college does not mean that you cannot change the plan and take another path.
So let's make a plan for retirement. Can you start saving 10-15% of your income?
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