Has your pension planning built up enough money for you to retire and cover all of your expenses?  For some people, the answer to that question is no.  No matter where you are in your pension planning years – beginning your pension planning at age 20 or at age 50 – you need to evaluate what you have done so far.  Look at the pension plan you have and what you have already accumulated.  If you have an occupational pension in place, determine if there are any penalties if you retire early and how the pension will be paid out.  Take a look at your expenses and identify where you can cut back when you retire.  The sooner you start your pension planning and saving money towards your retirement, the better off you will be when you leave your office for the very last time and retire to life that is, hopefully, one of luxury.