Millennials are starting to save early for retirement, but they're not saving enough.

That's according to a survey by the Principal Financial Group that found that while 63 percent of millennials polled started saving for retirement before the age of 25, only 30 percent are saving 10 percent or more in an employer-sponsored retirement plan.

That's despite the fact that 74 percent said they believed they should save more than 10 percent.

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