If you’re like most people and have never created a plan for retirement, you may be wondering: Why isn’t everyone working using a financial calculator India to come up with a strategy for retirement planning? See more. Well, there are many reasons why people don’t plan for retirement. We’re going to try my best to make sense of these reasons and help you better understand the problems that prevent them from planning for retirement.

1. They think they don’t have enough money to get started

The first reason most people don’t plan for retirement is that they think they don’t have enough money to get started. In fact, once you start saving and investing, it can take years before your nest egg will grow large enough for you to retire. It’s important to set a goal and stick with it, even if it seems unattainable. If you’re young, there’s no time like the present to start planning for your future.

2. They think it’s too soon

Most people think that retirement is a lot of fun and will begin when they stop working. But the reality is that it takes time to save for retirement, and most people don’t start doing so until their late 30s or early 40s. By then, it’s already too late. You may have to make up for lost time by delaying retirement until later in life — perhaps as late as age 80 or beyond!

Some people think that if they don’t start saving until their 50s or 60s, they will have enough time to retire comfortably at 65 or 67 years old! But in the times of ever changing economic and technological conditions, you never know when you will have to retire and if you will have enough time at the moment to create a retirement corpus. According to numerous studies, nearly half of all workers who retired in 2010 were 55 or older — and an additional 19 percent were at least 55 but less than 65 years old.

The good news is that there’s never been a better time to save. With interest rates so low, the real question isn’t whether you should save for retirement, but how much and when. The first step is usually the toughest. So just start by using a salary calculator and figuring out your in hand salary and then make a list of your expenses. After that subtract your expenses from your salary and whatever number comes up add that to a retirement savings fund. It’s that simple.

If currently you’re in your 30s and planning on retiring in your 50s or 60s, then you might need to hurry up. That’s because you’ll be past the age where your employer offers you a pension plan. You could consider buying an annuity as a way to provide yourself with some income after you retire, but if you do this without making adequate preparations beforehand, it could result in financial difficulties once your annuity begins paying out.

So don’t wait until you’re 67 or 68 before making plans for your retirement because doing so could mean having less than one year left in retirement when you finally stop working!

3. They don’t see the importance

People who don’t plan for retirement often fall into the trap of thinking they’ll be fine if they just live off their investments until they die. But that’s not how it works! You need to set aside money every month so that when you retire, you can live on your savings instead of having to rely on your children or your company pension plan. If you don’t take control of your finances now, then you may not have the dream retirement you think you deserve