Preparing for retirement: a 50-year-old Jane across the world
In order to compare pension gaps globally, we calculated the retirement income and costs of a representative 50-year-old "Average Jane" in different countries.*
Jane earns a median full–time wage and enjoys a basic urban lifestyle. She has had a good life but has not saved for anything more than a rainy day until now. At age 50, she still has at least 10 years of work left before she retires. We found that no matter where the representative Jane lives, the mandatory pension system will not provide her with enough income to lean back and relax. To close the pension gap, Jane would need to start saving a certain percentage of her income each month. Below is a country comparison.
*For full methodology, please download the full report.