No matter how soon you see retirement coming, it’s never too late to make some changes to your Retirement Savings Plan (RSP). There are several different steps you can take to increase your projected retirement income, even if you’re planning on retiring within the next 10 years.

Do the math. First, use the RSP Contribution Calculator to find out how much you will need to put into savings to reach your retirement goals.

You can save both inside and outside your registered plan. The maximum contribution that you can make to your RSP is 18% of your previous year’s earned income to a maximum of $22,450 for 2011.

Maximize your contributions. If you haven’t made your maximum RSP contributions in the past, you’ve still got time. You can contribute for years dating back to 1991. If you don’t have the cash, consider borrowing it; this could net you a bigger tax refund in May, which you could use to pay back the loan.

You will find your maximum contribution limit printed on your Notice of Assessment, which you should have received after filing your last income tax return.

Find your style. A portfolio review can help ensure that your asset mix suits your investment style and income objectives. You may decide to increase the percentage of growth-oriented equities in your retirement plan, or lock in gains. Financial advice can help maximize the value of your nest egg.

Keep working. Part-time or contract work will allow you to earn income after you retire and continue making contributions to your RSP until the end of the year in which you turn 71.