Retirement readiness & investment
61% of non-retired Hongkongers have a retirement plan in place but a majority say they face challenges when planning for their retirement.
We surveyed 1,000 non-retired Hongkongers to find more about retirement planning – their expectations, attitudes and challenges faced.
Key findings from this research
- Primary objective is to generate steady income.
- Average age is start planning for retirement: 40.
- Non-retired Hongkongers are saving on average HK$6,500 per month for retirement.
Other findings
- Only 1 in 2 (53%) non-retired Hongkongers feel confident they will achieve their desired financial reserves by their intended retirement age.
- Close to three out of four (68%) would continue working during retirement if they don’t have enough funds.
HK$2.4 mn
gap in desired financial reserves for retirement vs. expected expenditure
60%
would welcome more investment options to improve returns and diversification
5.7%
expected average annual return