, Singapore
224 views
Photo by Greta Hoffman on Pexels

7 in 10 prefer personal retirement plans over fixed age: survey

However, only 35% say they are prepared to achieve their ideal retirement.

Seven in 10 Singaporeans prefer to retire based on their own personal plans rather than at a fixed statutory age, according to T. Rowe Price’s 2025 Singapore Retirement Survey.

Whilst nearly 60% believe they would need over $1m to retire comfortably, only 35% say they are prepared to achieve their ideal retirement.

The survey also found that the majority (68%) of working Singaporeans prefer a flexible retirement approach.

Amongst those open to such models, 72% favour micro-retirement or taking short breaks between careers.

The main reasons cited were work–life balance (65%), reducing work pressure (61%), and pursuing personal interests (53%).

Most see micro-retirement as something for people over 50, lasting less than a year.

Many also recognise the financial commitment required, with 37% indicating they would want to have more than $300,000 in assets before pursuing this path.

Another popular option is unretirement, with 74% open to returning to work after retirement age.

Keeping mentally active (72%) was a stronger motivator than maintaining income (62%) or reducing financial pressure (48%).

Four in ten said they would consider part-time work within six months of retiring, often in their previous field, and most would accept lower pay.

Despite a strong interest in flexible retirement, confidence lags. Two in three respondents (67%) are unfamiliar with retirement products available in the market.

Additionally, although 66% have a savings goal and 70% say they are comfortable with medium-to-high investment risk, many still rely primarily on time deposits and bank savings.

Furthermore, 73% prefer products that reduce investment risk as retirement approaches. Whilst this is a defining feature of retirement glide paths, 87% are unfamiliar with this investment framework.

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.