And it’s not just that Gen Z has been on track, they’ve gotten earlier starts, too. The share of Gen Z households with retirement accounts is three times higher than it was for Gen Xers at the same age, according to a 2024 report from the Investment Company Institute (ICI)<\/a>.<\/p>\n If you’re in this cohort and feel behind, here are three simple ways to take your retirement savings to the next level.<\/p>\n How to start retirement-maxxingStart now, even if it’s small<\/p>\n Gen Z isn’t waiting around to start putting their money in the market. Members of this generation began investing at an average age of 19, according to the Charles Schwab 2024 Modern Wealth Survey<\/a>. Compare that to millennials, who started at 25; Gen X, at 32; and baby boomers, who waited until 35.<\/p>\n Clearly, given Gen Z’s head start, you don’t need a big salary to begin. Most major online brokerages these days let you get started with little or no money upfront. The below offer zero account minimums and commission-free trading<\/a>. Once you open an account, you can invest as little as $25 or $50 per month to get your feet wet. The goal isn’t to save a huge amount right away; it’s to start early and give your money more time to grow.<\/p>\n Best brokerage account bonuses: Get up to $10,000<\/a><\/p>\n Fidelity Investments<\/a>Minimum deposit and balance<\/p>\n Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No minimum to open a Fidelity Go\u00ae account, but minimum $10 balance for robo-advisor to start investing.<\/p>\n Fees<\/p>\n Fees may vary depending on the investment vehicle selected. Zero commission fees for stock, ETF, options trades and some mutual funds; zero transaction fees for over 3,400 mutual funds; $0.65 per options contract. Fidelity Go\u00ae has no advisory fees for balances under $25,000 (0.35% per year for balances of $25,000 and over, which includes access to unlimited 30-minute coaching calls with a Fidelity advisor and tax-loss harvesting on taxable accounts).<\/p>\n Bonus<\/p>\n None currently. Check Fidelity’s promotions page for the latest offers here<\/a>.<\/p>\n Investment vehicles<\/p>\n Robo-advisor: Fidelity Go\u00ae IRA: Traditional, Roth and Rollover IRAs Brokerage and trading: Fidelity Investments Trading Other:\u00a0Fidelity Investments 529 College Savings; Fidelity HSA\u00ae<\/p>\n Investment options<\/p>\n Stocks, bonds, ETFs, mutual funds, CDs, options and fractional shares<\/p>\n Educational resources<\/p>\n Extensive tools and industry-leading, in-depth research from 20-plus independent providers<\/p>\n ProsNo commission fees for stock, ETF, options tradesNo transaction fees for over 3,400 mutual fundsFidelity Go\u00ae portfolios use Fidelity Flex\u00ae mutual funds with zero expense ratiosHuman advisors manage day-to-day Fidelity Go\u00ae portfolio decisionsUnlimited 30-minute coaching calls with a Fidelity advisor for accounts of $25,000 and over (at no extra cost)Tax-loss harvesting available on taxable Fidelity Go\u00ae accounts with $25,000 or moreAbundant educational tools and resources with research from 20-plus independent providers24\/7 customer serviceOver 100 brick-and-mortar branches across the U.S. for face-to-face supportConsFidelity Go\u00ae has a 0.35% advisory fee per year for balances of $25,000 and overFidelity Go\u00ae invests only in Fidelity Flex\u00ae mutual funds (no third-party ETFs or individual securities available)No socially responsible or ESG portfolio option through Fidelity Go\u00aeSome of Fidelity’s mutual funds require reaching specific thresholdsReports of platform outages during heavy trading daysCharles Schwab<\/a>Minimum deposit and balance<\/p>\n Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No account minimum for active investing through Schwab One\u00ae\u00a0Brokerage Account. Automated investing through Schwab Intelligent Portfolios\u00ae requires a $5,000 minimum deposit<\/p>\n Fees<\/p>\n Fees may vary depending on the investment vehicle selected. Schwab One\u00ae\u00a0Brokerage Account has no account fees, $0 commission fees for stock and ETF trades, $0 transaction fees for over 4,000 mutual funds and a $0.65 fee per options contract<\/p>\n Investment vehicles<\/p>\n Robo-advisor: Schwab Intelligent Portfolios\u00ae IRA: Charles Schwab Traditional, Roth, Rollover, Inherited and Custodial IRAs; plus, a Personal Choice Retirement Account\u00ae (PCRA) Brokerage and trading: Schwab One\u00ae Brokerage Account, Schwab Global Account\u2122, Schwab Organization Account and Schwab Trading Powered by Ameritrade\u2122<\/p>\n Investment options<\/p>\n Stocks, bonds, mutual funds, CDs and ETFs<\/p>\n Educational resources<\/p>\n Schwab offers courses, educational articles, videos, and webinars for investors at every level, plus advanced screeners, research tools, and market insights through the Schwab Center for Financial Research<\/a>.<\/p>\n Pros$0 minimum deposit for active investingNo commission fees for stock and ETF trades; no transaction fees for over 4,000 mutual fundsthinkorswim\u00ae trading platform offers advanced charting, strategy testing and multi-device accessRobo-advisor Schwab Intelligent Portfolios\u00ae available with no advisory fee or commissionsAccess to on-demand advice from Schwab investment professionalsNearly 400 brick-and-mortar branches across the U.S. for in-person supportCons$5,000 minimum required for Schwab Intelligent Portfolios\u00ae robo-advisor$0.65 fee per options contractTax-loss harvesting only available on balances of $50,000 or more within Intelligent Portfolios\u00aeHigh cash allocation requirement in Intelligent Portfolios\u00ae may limit returns compared to competitorsRobinhood<\/a>Minimum deposit and balance<\/p>\n Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No minimum required to open an account or to start investing<\/p>\n Fees<\/p>\n Fees may vary depending on the investment vehicle selected. Commission-free trading; regulatory transaction fees and trading activity fees may apply<\/p>\n Bonus<\/p>\n Get a free stock added to your brokerage account when you link your bank account and fulfill the promotion conditions (keep it or sell after 2 trading days)<\/p>\n Investment vehiclesInvestment options<\/p>\n Stocks, ETFs, options, fractional shares, IPOs, and select cryptocurrencies Robinhood Crypto<\/a> (availability varies by location)<\/p>\n Educational resources<\/p>\n Terms apply. *(Review Robinhood disclosures\u00a0here<\/a>.)<\/p>\n Pros$0 minimum deposit to open an account and start investing immediatelyCommission-free trading on stocks, ETFs, options and cryptoGet a free stock just for linking your bank accountAccess to fractional shares (own a piece of stock for just $1)Beginner-friendly app with built-in educational contentConsNo human advisor or managed portfolio optionFees outside of commissions may applyVanguard<\/a>Minimum deposit and balance<\/p>\n Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No minimum to open a Vanguard account, but minimum $1,000 deposit to invest in many retirement funds; robo-advisor Vanguard Digital Advisor\u00ae requires minimum $100 to enroll.<\/p>\n Fees<\/p>\n Fees may vary depending on the investment vehicle selected. Zero commission fees for stock and ETF trades; zero transaction fees for over 3,000 mutual funds; $20 annual service fee for IRAs and brokerage accounts (waived with at least $50,000 in qualifying Vanguard assets or by opting into paperless statements); robo-advisor Vanguard Digital Advisor\u00ae charges approximately 0.15% net advisory fee annually (after fund revenue credits; 90-day fee waiver for new clients).<\/p>\n BonusInvestment vehicles<\/p>\n Robo-advisor: Vanguard Digital Advisor\u00ae IRA: Vanguard Traditional, Roth, Rollover, Spousal and SEP IRAs Brokerage and trading: Vanguard Trading Other:\u00a0Vanguard 529 Plan<\/p>\n Investment options<\/p>\n Stocks, bonds, mutual funds, CDs, ETFs and options<\/p>\n Educational resources<\/p>\n Retirement planning tools<\/p>\n ProsNo commission fees for stock and ETF tradesNo transaction fees for over 3,000 mutual fundsOne of the largest ETF and mutual fund offerings available, with an average expense ratio of 0.07%Robo-advisor Vanguard Digital Advisor\u00ae available with 90-day fee-free trial and approximately 0.15% net annual advisory fee after thatThree portfolio strategies available through Digital Advisor: all-index, active\/index, and ESGVanguard Personal Advisor\u00ae offers access to a team of financial advisors starting at $50,000; dedicated CFP access available at $500,000 through Personal Advisor Select\u00aeVanguard 529 Plan helps you save for college early onExcellent customer service with phone and email access Monday through FridayCons$20 annual service fee for IRAs and brokerage accounts (waived at $50,000 in qualifying assets or with paperless statements)Vanguard Digital Advisor\u00ae requires $100 minimum to enroll and charges approximately 0.15% net advisory fee after 90-day trialDigital Advisor portfolios invest only in Vanguard funds (no access to third-party ETFs)Basic trading platform compared to competitors; limited research and data toolsNo cash management accountWebull<\/a>Minimum deposit and balance<\/p>\n Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No minimum required to open an account or to start investing<\/p>\n Fees<\/p>\n Fees may vary depending on the investment vehicle selected. Commission-free trading on stocks, ETFs and options; regulatory transaction fees, exchange fees and options contract fees may apply.<\/p>\n Bonus<\/p>\n Rotating welcome promotions, including free stock awards and deposit match bonuses of up to 4% on qualifying deposits. Premium subscribers ($3.99\/month or $40\/year) also earn a 3.5% match on IRA contributions.<\/p>\n Investment vehicles<\/p>\n Brokerage account: Webull commission-free investing IRA: Traditional, Roth, Rollover IRAs Robo-advisor: Webull Smart Advisor<\/p>\n Investment options<\/p>\n Stocks, ETFs, options, fractional shares, IPOs, ADRs, OTC stocks, futures, US Treasuries, bonds and select cryptocurrencies through Webull Crypto<\/p>\n Educational resources<\/p>\n Webull offers educational resources, including beginner guides, advanced trading strategies and a paper trading simulator to practice risk-free with virtual funds.<\/p>\n Pros$0 minimum deposit to open an account and investCommission-free trading stocks, ETFs, and optionsAdvanced charting tools with 50+ technical indicatorsExtended trading hours available 24 hours a day, Monday through Friday, on select securitiesPaper trading simulator lets you practice strategies risk-free before investing real moneyWide range of investment options including futures, bonds and cryptoAccess to tax-advantaged IRAs with a 3.5% contribution match through Webull PremiumConsSelf-directed platform (users are responsible for their own investment decisions with limited guidance) No mutual funds availableLimited account types (no joint, custodial, trust or HSA accounts)Educational tools are limited compared to full-service brokerages\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200bShift your mindset: Retirement isn’t as far away as it feels<\/p>\n When you’re 24, retirement can feel like a lifetime away. You’re probably more focused on making rent than thinking about your 60s. But that distance is exactly what makes it easy to put off, and why starting early can be so powerful. The math rewards you for treating “future you” as a priority now, not later.<\/p>\n Take those Schwab averages, for example. Assuming a $500 monthly contribution and an average 7% annual return, with the money left invested through age 65, the Gen Zer who starts at 19 contributes $96,000 more than the baby boomer who starts at 35, but ends up with about $1.5 million more.<\/p>\n Try reframing retirement savings less as “sacrificing for someone you don’t know yet” and more as automating a decision you’ve already made. Setting up automatic transfers<\/a> to a retirement account removes the temptation to skip a month and turns saving into a habit rather than a choice you have to make over and over.<\/p>\n No 401(k)? Open a Roth IRA<\/p>\n Not every entry-level job comes with a retirement plan, especially if you’re freelancing, working part time or just starting out. A Roth IRA<\/a> lets you save for retirement on your own, with no employer required.<\/p>\n With a Roth IRA, you contribute after-tax dollars, meaning you don’t get a tax break today. In exchange, your money can grow tax-free, and qualified withdrawals in retirement are tax-free, too. That can be especially valuable for young savers who may be in a lower tax bracket early in their careers than they expect to be later on.<\/p>\n And if you land a job with a 401(k) down the line, you don’t have to choose between the two. You can contribute to both<\/a> at the same time, giving you greater tax diversification in retirement.<\/p>\n You can diversify your portfolio with precious metals through these gold IRAs<\/p>\n Offers in this section are from affiliate partners and selected based on a combination of engagement, product relevance, compensation, and consistent availability.<\/p>\n Initial Purchase Requirements<\/p>\n Minimum initial purchase requirement of $10,000<\/p>\n Minimum account balance of $25,000<\/p>\n Account set-up fee of $50. Storage fees of $100 or $15, depending on storage type. Annual account administration fee of $125. Terms apply.<\/p>\n Subscribe to the CNBC Select newsletter!<\/p>\n The CNBC Select Recommends newsletter delivers practical money tips each week along with expert-picked financial product recommendations. Sign up here<\/a>.<\/p>\n Why trust CNBC Select?<\/p>\n At\u00a0CNBC Select<\/a>, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed financial decisions. Every retirement article is based on rigorous reporting by our team of expert writers and editors.\u00a0While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.<\/p>\n Catch up on CNBC Select’s in-depth coverage of\u00a0credit cards<\/a>,\u00a0banking<\/a>\u00a0and\u00a0money<\/a>, and follow us on\u00a0TikTok<\/a>,\u00a0Facebook<\/a>,\u00a0Instagram<\/a>\u00a0and\u00a0X<\/a>\u00a0to stay up to date.<\/p>\n Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff\u2019s alone, and have not been reviewed, approved or otherwise endorsed by any third party.<\/p>\n![\"\"](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/03\/goldco.png\")
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