Global Investor Study 2020

Is the traditional view of retirement still a reality?

Traditionally, retirement meant a clean break from the working world, no matter what your profession. Today, however, it's clear people are choosing different routes to retirement, with many even continuing to work in some capacity. While people are still saving, the lack of pension guarantees compared to the past means there is real concern about whether it will be enough to fund day-to-day expenditures. So, what does retirement actually look like these days?

We surveyed over 23,000 people, from 32 locations around the world, about their views on retirement.

There is confusion around retirement options, but the majority agree state provision alone is not enough to fund retirement


of people don’t understand the options available to them with their retirement savings


of people believe that the state provision for retirement is not enough for them to live off

People are also frustrated with changing rules around funding retirement, with expert investors the most likely to feel this way

People who think the government keeps changing the rules about how people should save for, and fund, their retirement, so they don’t see the point in trying to save specifically for their retirement

Beginner / Rudimentary




Expert / Advanced


Encouragingly, though, average retirement savings rates remain at a healthy level

The average percentage of income people are saving specifically for retirement

And increasing numbers of people are prioritising using their disposable income for pension savings

Percentage of people who felt retirement saving was the top priority for disposable income

In spite of all this, people are still worried about having enough income for retirement


of people are concerned their retirement income will not be enough

And nearing retirement places increased importance on seeking professional advice


of people say that ‘nearing retirement’ is the most likely personal life event to cause them to seek professional advice

Though this concern doesn't necessarily mean people expect to reduce their expenditure in later life

How retired and non-retired people expect their expenditure to change in retirement




Stay the same

Reduce gradually

Reduce close to zero

Potentially because they are anticipating a more gradual approach to 'retirement'

How people expect their working hours to change in retirement


Stay the same

Reduce gradually

Reduce close to zero

Schroders is a world-class asset manager operating from 37 locations across Europe, the Americas, Asia, the Middle East and Africa.

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*Schroder International Selection Fund will be referred to as Schroder ISF throughout this website

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