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
“Non-retirees can design their own retirement glidepath, with a focus on accumulating wealth and taking up more risk earlier on. Be more proactive in reviewing and managing retirement accounts, with a view of seeking more diverse income streams to better navigate returns cyclicality. They can consider broadening their investment horizons and exploring new asset types that would offer an enhanced risk and return profile ahead of retirement.”
Head of Pensions and Retirement, Hong Kong