You're retirement will require substantial funds and is not something you can simply save for a couple of years to achieve. For the majority of people, saving enough money to actually retire could well be something they never achieve. Here's why;
Sometimes you can put off saving for your retirement because you are procrastinating. That doesn't mean you are being lazy. Far from it.
Sometimes you can put off your retirement plans because you are worried about finishing work. Sometimes you simply don't want to face the future. It is after all an unknown quantity.
If you are in this position your best bet is to seek help from an expert. They can either point you in the right direction or help you to understand yourself and the decisions you are making at a deeper level.
You've Left It Too Late
If you've started saving for your retirement into your fifties the likelihood is that you will struggle to afford your dream retirement. Of course there could many reasons for this that were out of your control.
You business could have gone bust. You could had unexpected payments to make. This doesn't mean that your dreams have ended. You may have to compromise, but there are always ways to fit travel and hobbies around work. It may even be time for a change of job.
You Spend More Than You Save
Once people get into the habit of spending money it's very difficult to get out of it. It's not only that it is an an addiction, but that people can find themselves stuck in a lifestyle that they have no choice to maintain. They may even start off saving for a pension, but as soon as they need to make a payment for a car or even a holiday they will think nothing of withdrawing it.
If this is the case with you, you should try to find ways of getting out of the habit of spending. There is nothing worse for someone used to the high life to live out old age on a state pension.
You Don't Have a Realistic Plan In Place
To get a good pension you need have a realistic plan. That means sitting down and working out how much you can realistically afford and want to afford to put towards your retirement.
If you start off putting too much towards it, it may end up affecting your present lifestyle, and you may end up giving up on your pension altogether. If you put too little towards it, you won't end up with enough money to fulfill your dreams.
In addition your retirement plan should also be realistic. It is not a realistic plan for example to want to move to Florida, USA if you are on £17,000 per year. You need to look at places more within your price range. Cheaper countries such as Thailand or Spain, that welcome retirees, are just as exotic.
You Don't Know How to Start Saving for Your Retirement
Some people simply don't know how to start saving for their retirement. This is particularly the case for people that freelance and have never been exposed to company pension schemes.