SINGAPORE - Most Singaporeans do not think they will be able to retire at their desired age, according to a new survey by insurer Aviva.

The Aviva Consumer Attitudes Survey, released on Monday, found that just 36 per cent of respondents think they can retire at the age they want to.

More than half - or 54 per cent - said they would like to retire before they turn 60.

The findings also showed that 53 per cent of respondents are worried that they will not be able to afford an adequate standard of living in retirement.

That fear could be one reason 92 per cent of Singaporeans have some form of savings in place - one of the highest proportions in the region.

But there is a noticeable gap between how much Singaporeans think they will need in retirement and how much they are setting aside.

While 56 per cent of respondents believe they will need between $2,000 and $6,000 a month in retirement, 48 per cent say they will actually have less than $2,000 per month based on their current financial plan for retirement.

Mr Daniel Lum, director of product and marketing at Aviva Singapore, said: ''This disparity has quite understandably led to the majority of Singaporeans being worried about their standard of living in retirement.

" Coupled with inflation and low interest rates, it is unsurprising that two thirds think they will not be able to retire at their preferred age.''

The survey of 1,000 people aged 18 and above was conducted online in March.