Decide the income you want to Retire at not the age. Stereotyping to the ages for Retirement, rather work on the income.
The famous saying by George Foreman – “ The question isn’t at what age I want to retire , its at what income”
By the time you start thinking about Retirement, it may be many years into working and settled for traditional products
If you start investing in the right product across asset classes, having a monthly spend number in mind your money will work hard for you.
A lot of people also think about legacy planning vs ensuring you have made provision for yourself and your spouse than depending on your children
Rather the best thing you can do for yourself/spouse is to not be dependent physically or financially. With the average age exceeding due to better health facilities, you may live much longer than you anticipate. Most old age surely needs physical dependence on children
Atleast by ensuring financial independence you may be physically dependent but not financially.