<p>Financial planning for retirement is a critical life‑span task linked to economic security and well‑being, yet most evidence on its psychological and contextual factors comes from Western samples. To address this gap, we surveyed 689 Indonesians (35–55 years) to test whether established psychological attributes—such as retirement goal clarity and risk tolerance—hold in a non‑Western setting and to introduce novel contextual factors—such as viewing retirement as a shared responsibility and financial scarcity. Among the psychological attributes, greater goal clarity, positive attitudes, and higher risk tolerance were linked to more planning, whereas negative attitudes were linked to less planning. Among the contextual factors, viewing retirement as a shared responsibility was positively associated with retirement planning, whereas both current and childhood financial scarcity were negatively associated. By confirming key associations beyond Western samples and identifying contextual factors, this study informs culturally responsive interventions to enhance financial planning for retirement.</p>