A recent survey by T. Rowe Price, a global asset management firm, has revealed a significant shift in retirement preferences among Singaporeans, with 70% of respondents opting for retirement based on personal plans rather than a fixed statutory age. Conducted in July 2025, the survey polled 1,000 Singapore residents aged 18 and above, uncovering a strong inclination towards flexible retirement approaches.
The survey highlighted that 68% of working Singaporeans favour flexible retirement models, such as micro-retirement and unretirement. Micro-retirement, which involves taking short, intentional breaks between careers, is gaining popularity, with 72% of respondents supporting it. Key motivations include maintaining work-life balance, relieving work pressure, and pursuing personal interests. Unretirement, the concept of returning to work post-retirement, is also widely supported, with 74% citing staying mentally active as a primary motivation.
Despite the interest in flexible retirement, the survey found that many Singaporeans lack sufficient investment planning. Two-thirds of respondents are unfamiliar with available retirement products, and 30% of those preferring flexible retirement feel unprepared to achieve their ideal retirement. Thomas Poullaouec, Portfolio Manager at T. Rowe Price, emphasised the importance of financial education and investment strategies that balance growth and stability.
Glen Lee, Head of Asia ex Japan Intermediary Distribution at T. Rowe Price, noted that whilst Singaporeans are embracing flexible retirement models, many remain uncertain about achieving their goals due to challenges like longevity risk and market volatility. The firm aims to advance retirement education and provide solutions to empower Singaporeans in tailoring their retirement journeys.
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