Most people don’t think about their retirement until they are close to retirement. The entire working life is spent attending to one requirement after another right from owning a vehicle, a home, raising a family, on kids' education to their weddings.
Once these responsibilities have been taken care of, we start looking at how much is left for the retired life that’s around the corner. That’s when people start thinking of investing their life’s savings in something that can give fast returns in a short period before the retired phase begins. This is a wrong way to plan for that phase of life when you need the most comfort, security, good healthcare and sustenance over 15-30yrs without regular income.
Planning for this phase must begin as early as possible. Whatever may your earnings and lifestyle be, you can always save the money you have left after paying for all your expenses and fulfilling your financial commitments you surely have some money left at the end of every month after having paid all bills and other liabilities like car EMI, home loan EMI, investment for children, emergency fund, etc.