regular savings and investment as well long-term compounded interest cannot be understated .
The same model shows that with financial planning , and by saving from a young age and gradually increasing personal savings and investments over the course of one ’ s life , it will be possible for a member of Generation Z to retire early and have sufficient funds to last well into their 80s , in-keeping with the average life expectancy for Singapore residents . But this will be difficult to achieve , despite high wages , without adequate retirement provisioning .
Tomorrow ’ s generation of workers are facing serious demographic hurdles and detrimental workplace trends that may jeopardise their ability to adequately plan for a longer period spent in work and a later retirement . There is also a myriad of retirement planning choices and investment options for Generation Z . which will empower some , but terrify others . Early planning coupled with regular investments over a long-term horizon , with the assistance of a wealth management professional , will allow tomorrow ’ s generation to have the kind of retirement they aspire to .
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