- A person earning Rs. 300,000 annually sees their salary increase 10% each year, earning over Rs. 9 crore by retirement at age 60, but most people save less than 20% of that amount. - If that same person saved just 10% of their salary each year from age 25-60, with a 10% annual growth rate, they would have saved Rs. 89.73 lakhs by retirement. - Personal financial planning helps achieve life goals like raising a family, children's education, business ambitions, and retirement by addressing family/income protection, old age independence, children's needs, and lifetime aspirations.