Save by myself or retirement fund?

[tinycat]

I've never actually found a good answer to this: Why should I put my money into a retirement fund when I can just keep it in my own savings account?
Both of them earn interest, but only 1 of them is accessible to me at any time. I don't want to trust such important funds to anyone but myself. Can you give me a reason why I should?

[Amberfires21]

I think this is more so un function of a 401K. It works as a means to help people save without the risk of them touching it. I know if there was an emergency, you could access it just like a 401K but they take a percentage away for accessing it.

[Z3sT]

Well, if you go with a pension plan with your employer, they usually contribute to your fund as well. You'll end up with much more money vs doing it yourself.
A 401k is even better. If you put $10 in the pot, your employer will contribute usually at least 50% of it.

[PistolPython]

You could always do both if you wanted.
My father-in-law retires soon and he will be living very comfortably thanks to his retirement plan, I don't know if it'd be the same if he just put money into a savings account.