Private pension system seen in need of upgrade
- Posted on August 6, 2026
- By The China Daily
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- 1 min read
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Private pension system seen in need of upgrade
How much savings does a person in China need for retirement? A report released by Sun Life Financial Inc, based on a quantitative survey of 3,201 respondents and more than 20 expert interviews, found that 65 percent of respondents believe 1 million yuan ($148,200) is sufficient. However, the report estimates that a retiree spending an average of 5,000 yuan per month over a 30-year retirement would need at least 1.8 million yuan, assuming no inflation.
