Global Investor Study 2019

How realistic are your retirement expectations?

An ageing society, combined with a global pension crisis, means people are more concerned than ever about their financial situation for retirement. People are evaluating how much they need in order to maintain a certain lifestyle for the later stages of life.

But are they aware of how much they actually need to save for retirement? We surveyed over 25,000 people, from 32 locations around the world, about their financial expectations for retirement.

People are overly optimistic about how long their retirement savings will last

0%

The average percentage of retirement savings people think they can realistically take out each year during their retirement and not run out of money

What percentage of their savings do people think they can realistically take out each year during retirement and not run out of money?

Percentage of retirement savings
Percentage of people who think this
<5%
5–9%
10–14%
15–20%

A significant proportion of people are not comfortable that they have saved, or will have saved, enough for their retirement

0%
The percentage of non-retired people who are not comfortable that they are saving enough to last throughout their retirement
0%
The percentage of retired people who are not comfortable that they have saved enough to last throughout their retirement

This trend is felt around the world

  • Non-retired
  • Retired
Asia
Europe
Americas
Other

The message is finally getting through, people are saving, with millennials leading the way

As a percentage of their current income, how much are non-retired people currently saving specifically for their retirement (including employer contributions)?

Those who rate their investment knowledge as ‘expert’, or ‘advanced’, are also saving more for their retirement

As a percentage of their current income, how much are non-retired people currently saving specifically for their retirement (including employer contributions)?

Beginner / Rudimentary

Intermediate

Expert / Advanced

But, people feel they could be convinced to save even more for retirement, particularly the younger generations

Percentage of non-retired people who feel they could be convinced to save more for retirement

Millennials (18-37)

0%

Generation X (38-50)

0%

Baby Boomers (51-70)

0%

Silent Generation (71+)

0%

And whilst retired people are less convinced that they could have been persuaded to save more, a high number still feel this way

0%

of retired people feel that something would have convinced them to save more for retirement

Schroders is a world-class asset manager operating from 32 locations across Europe, the Americas, Asia, the Middle East and Africa.


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