Why you need to start saving for retirement immediately (with number examples)

If you’re at the start of your career, it’s easy to brush aside concerns of saving for retirement. But here’s a catch that may convince you otherwise.

If you start investing PKR 5,000 every month at 20, you’ll have approximately PKR 32,000,000 when you retire at 60. But if you start at 40, even if you contribute PKR 10,000 per month, you’ll only have PKR 8,000,000! Massive difference, right?

In this episode of How to Money, host Shuja Qureshi sits down with Al Meezan Investment CEO Imtiaz Gadar to talk about pension and saving for retirement.