Starting to save for the long haul is important. It’s better if you start planning for your future financial needs as early as possible. If you start early, you will be able to save more and create a good corpus amount that you need for your retirement. Financial planning should be kept separate from short term and medium-term goals, such as buying property or for the education of your children. You have to estimate how much you would need for your retirement and separate your savings from short term and medium term spends. 

Investing in mutual funds can help in long term capital gains. According to your risk-taking capability, you can make your investments in equity mutual funds. There are unit-linked insurance plans that combine features of insurance and investment products that can be useful for your retirement days. There is also a government-initiated retirement scheme, called the National Pension System and other investment options like the Senior Citizen Savings Scheme, Post-office monthly income schemes, mutual fund monthly income plans, etc.