Singapore aligns with Asia shift toward independence-first retirement planning

A Manulife survey shows stronger focus on self-funded retirement and longer lifespans.

Singapore is aligning with a wider regional shift towards independence-first retirement planning, according to the Manulife Asia Care Survey 2026.

The survey of more than 9,000 adults across nine Asian markets, including Singapore, found that around 82% of respondents across Asia view financial independence as the most meaningful legacy they can leave for their families. In Singapore, about 80% shared this view, broadly in line with regional sentiment.

Across Asia, respondents estimate they may spend around 13 to 14 years in later life requiring care or financial support, a factor that is reshaping how retirement is being planned.

Around 68% of financial assets across Asia are allocated to funding personal independence, whilst 32% are earmarked for inheritance. Savings at 79%, investments at 51%, and insurance at 44% remain the main expected sources of retirement funding, whilest 19% expect to rely on children for financial support.

Health preparedness remains uneven despite high awareness where, across Asia, 84% of respondents said preventive care and early screening are important for maintaining independence, but only around half reported receiving at least one comprehensive health check-up annually.

In Singapore, 50% reported having an annual comprehensive health check-up, whilst 11% said they never have.

Preventive behaviours also remain inconsistent across the region, with adoption rates for self-care habits such as exercise, diet, social engagement and early screening ranging between 12% and 41%.

The survey also highlights continued reliance on family support in retirement planning. About half of respondents across Asia provide financial support to family members, with those affected allocating a significant share of monthly income to these obligations.

Nearly 70% said open discussions about ageing and retirement improve well-being, but only 58% have had such conversations.

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