The sufficiency level of wealth at retirement to support basic living quality during retirement

Project undertaken by: Associate Professor Dr. Pornanong Budsaratrakul and Team


  1. The Securities and Exchange Commission, Thailand (SEC)
  2. Government Pension Fund
  3. Thailand E-Government

About research: This research paper investigates the sufficiency level of Thai households’ retirement savings. The sufficiency level of households working in each occupational type was estimated by survey to collect the amount of expenditure in each category paid by retired households. The median value of these expenditures was used to calculate the minimum lump sum (MLS) at retirement. The proposed mathematical model for the calculation also considers changes in mortality rates over different age groups. It was found that the MLS at retirement is around 3–22 million depending on the year of retirement, health condition and the level of expenditure.


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