Savings, on their own are not enough. And most people who invest, do so in an ad-hoc manner. When the markets look promising, they follow the trend and invest like others do. When the volatility sets in, they worry over their investments and take uninformed decisions.
A carefully crafted and executed long term Financial Plan can help you be prepared for Major Expenses during your life time, maybe Child Education, Their marriages, a well-deserved Holiday, A House of your Own and also to Retire Rich.