Retirement: analysis of the amount of money that you will need to retire in thirty years

Abstract

The topic of the paper is to analysis the amount of money that you will need to retire in 30 years. Considering the imperfect pension system and medical insurance system in China, people have to save money early to keep away from the unknown risk in the future. For getting an approximate amount of money people need to save, two samples were set to analyze the differences between male and female, high-quality and normal life, and the first-tier city and second-tier city. Furthermore, a questionnaire was designed for collecting primary data targeting to people who live in China. There are three hypotheses related to the questionnaire. After running analysis, only H0 was rejected, which means the level of cities affects people’s retirement savings. H1 and H2 were accepted, which proves that age and gender does not affect people’s retirement saving.