Sunday, April 29, 2012

Singapore Retirement Statistics

According to a survey released last month, Singaporeans want to retire before 60 but many feel they do not have the means to do so.

The Nielsen Company's Global Ageing Report found that 35 per cent of Singaporeans plan to or have already retired before the age of 60 - two years before the official retirement age of 62.

However, only 14 per cent believed they were financially ready for retirement while 47 per cent were uncertain if they had enough money to retire on, the report found.

Another 40 per cent neither agreed nor disagreed that they were financially ready for retirement.

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