Retirement planning: Strategies to ensure you save enough at end of your career

For those just starting their careers, the advice is clear: start saving now, regardless of how distant retirement may seem.

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Facing retirement with insufficient savings is a growing concern for many Kenyans approaching their 60s. Alfred Mathu, lead financial consultant at Hisa Africa, underscores the importance of early saving.

“Regardless of the amount you save, starting early puts you in a better place than waiting until your mid-30s or 40s. The longer you wait, the more you’ll need to save, making it a greater burden.”

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Note: The results are not exact but very close to the actual.