Universal multimodal retrieval (UMR) increasingly adopts multimodal large language models (MLLMs) as unified embedding backbones, but their strong retrieval performance comes at substantial inference cost. Existing methods typically rely on uniformly dense inference, where all input tokens are processed through the entire model and matched using the final-layer [EOS] representation. However, this paradigm overlooks two key forms of heterogeneity in multimodal retrieval: token contributions to the final retrieval embedding are highly uneven, and different queries require markedly different amounts of inference depth. To address this, we propose **Skim and Skip (SAS)**, a hierarchical adaptive inference framework for efficient multimodal retrieval. SAS first performs token-level evidence selection to preserve only the input information most relevant to the final retrieval embedding, and then performs depth-adaptive inference to determine whether the current representation is already sufficient for reliable matching. Experiments on 12 MMEB retrieval tasks show that SAS retains about 99% of the dense baseline’s average retrieval performance while reducing LLM-side FLOPs by up to **66.3%** and achieving up to **1.64×** end-to-end speedup. Our code is available at [https://github.com/GaoMengGladys/SAS](https://github.com/GaoMengGladys/SAS).