It a very easy to ignore the phrase "Planning for Retirement". Until the age of 45, most people think that we have enough time to think about retirement and don't need to bother. People between 45 and 60 years think that they have enough funds to retire peacefully. Studies say that 62 per cent of people post-retirement do a job or work because they can't afford to quit the job or profession. 76 per cent of people end up retirement by depending on their kids or some government benefits.