If being an international student is a barrier to an IRA (it may be, I don't know), you should know that Vanguard (and others, I'm sure, but Vanguard has low fees) will allow you to open a "general purpose" investment account. You'll still need a minimum of $1000 to open it, and once you do that you can invest in a variety of mutual fund options, including some which are tailored towards young people aiming for retirement, such as the target 2050 retirement fund. Going this route will allow you to put money away towards retirement without some of the legal loopholes that might be associated with a formal IRA. The tradeoff is that you won't get the tax benefits of an IRA.