Planning for retirement can be difficult in an environment where even the cost of a car service can be a nasty surprise. And those who diligently save for retirement can be at risk if they don't manage the threats of low growth, high costs or a too-short savings horizon. These risks were highlighted in recent findings of a benchmark survey published in last week's Money.

The survey found funds believe only 20% of South Africans are on track to retire with a reasonable level of their pre-retirement income and that retirees should invest at least 15% of their salary for between 30 and 40 years to be able to retire in some comfort. Let us touch on each of these risks.

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