How much does it cost to retire? Beijing, Shanghai, Guangzhou and Shenzhen
"A person who will retire after 2027 needs 3 million-5 million yuan to be able to retire. In first-tier cities like Beijing, Shanghai, Guangzhou and Shenzhen, 10 million yuan may not be enough to retire." In terms of pension reserve funds, a professor at the Financial Research Center once put forward the above point of view. Is saving tens of millions of yuan not enough for retirement? The explanation given is "inflation". In the case of the elderly's health and no other expenses, assuming that the monthly living expenses are 4,000 yuan, and they retire at the age of 55 to live to the age of 80, they need to save 25 years of pension, which is 4,000 yuan × 12 months × 25 years = 1.20 million yuan. If inflation is taken into account, calculated at an annual inflation rate of 5%, if the expenditure in the first year is 48,000 yuan, the expenditure in the second year will be 48,000 yuan × 1.05 = 50,400 yuan, and then increase every year. According to this calculation, the cost of pension for 25 years will reach 2.29 million yuan.
Do you really need so much money to live the rest of your life? This is just a theoretical algorithm. First, no one can give a clear answer to what the inflation rate will be in the future. Second, the above projections are based on current social changes, and there are many uncertainties in the future. "We can't predict what will happen in 30 years." Yu Hai said that generally speaking, the monthly income after retirement can guarantee 70% of the monthly income before retirement. Of course, this premise is that health and life must be maintained in the original state. Hao Yinsu also believes that there is no standard for the calculation of pension reserves. How much money is needed for retirement depends on the lifestyle of the elderly chosen by the individual on the one hand, and the unexpected factors that cannot be predicted and chosen on the other hand. But it is certain that most Chinese people are currently worried about their later years. The central bank's survey of depositors' network in the second quarter of 2013 revealed that about 46.2% of residents prefer to save, including young office workers, whose motivation for saving is to retire.
This consideration is not without reason. "In terms of pension expenses, in addition to basic living expenses such as food, clothing, housing, transportation, communication, transportation, etc., there are also medical treatment for diseases, nursing expenses and health management expenses after aging, such as physical examinations. This part of the expenditure may account for a considerable proportion." Experts point out that many people's pension reserves are used in the last few years - disease treatment, nursing expenses, etc. "Now many of the elderly spend a lot of money on medical treatment, travel, entertainment and other items to improve the quality of life are very little occupied. According to data from the Global Retirement Life Survey released by China, in mainland China, an average retirement income of about 166,100 yuan is required every year to ensure a comfortable retirement life. Chinese mainland respondents expect to retire for 20 years, and the corresponding retirement reserves are not sufficient, only enough for 10 years, and there is still a 10-year gap.
It can be seen that relying solely on savings and basic pension insurance after retirement is obviously not enough. Experts unanimously suggest that in addition to the government creating a more awesome pension security system, those who have the conditions need to enrich the sources of pension through investment and financial management, and should start as soon as possible and plan ahead.
