The Mercedes driver won his fifth crown in Mexico on Sunday, only the third man to reach that milestone since the championship started in 1950, Reuters reported.
“I’ve still got things to achieve, there are so many targets, so many things ahead,” the Briton told reporters after finishing fourth to take an unassailable lead with two races remaining.
“Michael’s still quite far ahead in race wins so you have to say he is still the GOAT (Greatest Of All Time).
“(Juan Manuel) Fangio, I think, is the godfather and always will be, from a driver’s perspective.”
The late Argentine won all five of his titles in the 1950s.
Hamilton, 33, has won four of his in the last five years and has a contract with champion Mercedes for two more seasons.
Hamilton told reporters he still had “that fierce fire that I had when I was eight years old” and would keep going until that left him.
“Whether or not I’m going to have the chance to win more, who knows — but I’m going to give it everything to do so,” said the champion.
Hamilton has 71 career wins so far and has averaged 10 a season for the past four years, putting him well on track to match Schumacher providing Mercedes continue to deliver a competitive car.
“There’s still a long way to go but I’m here for a few more years, so I’m hoping that I can at least get close,” said the Briton.
“But even so, Michael was just such a genius in how he implemented himself into Ferrari and what he did with that team. I will always be a fan of him.”