diff --git a/src/main/java/rx/schedulers/Schedulers.java b/src/main/java/rx/schedulers/Schedulers.java
index eae594ef08..269c836864 100644
--- a/src/main/java/rx/schedulers/Schedulers.java
+++ b/src/main/java/rx/schedulers/Schedulers.java
@@ -16,12 +16,16 @@
 package rx.schedulers;
 
 import rx.Scheduler;
-import rx.internal.schedulers.*;
+import rx.annotations.Experimental;
+import rx.internal.schedulers.ExecutorScheduler;
+import rx.internal.schedulers.GenericScheduledExecutorService;
+import rx.internal.schedulers.SchedulerLifecycle;
 import rx.internal.util.RxRingBuffer;
 import rx.plugins.RxJavaPlugins;
 import rx.plugins.RxJavaSchedulersHook;
 
 import java.util.concurrent.Executor;
+import java.util.concurrent.atomic.AtomicReference;
 
 /**
  * Static factory methods for creating Schedulers.
@@ -32,7 +36,22 @@ public final class Schedulers {
     private final Scheduler ioScheduler;
     private final Scheduler newThreadScheduler;
 
-    private static final Schedulers INSTANCE = new Schedulers();
+    private static final AtomicReference<Schedulers> INSTANCE = new AtomicReference<Schedulers>();
+
+    private static Schedulers getInstance() {
+        for (;;) {
+            Schedulers current = INSTANCE.get();
+            if (current != null) {
+                return current;
+            }
+            current = new Schedulers();
+            if (INSTANCE.compareAndSet(null, current)) {
+                return current;
+            } else {
+                shutdown();
+            }
+        }
+    }
 
     private Schedulers() {
         RxJavaSchedulersHook hook = RxJavaPlugins.getInstance().getSchedulersHook();
@@ -86,7 +105,7 @@ public static Scheduler trampoline() {
      * @return a {@link Scheduler} that creates new threads
      */
     public static Scheduler newThread() {
-        return INSTANCE.newThreadScheduler;
+        return getInstance().newThreadScheduler;
     }
 
     /**
@@ -101,7 +120,7 @@ public static Scheduler newThread() {
      * @return a {@link Scheduler} meant for computation-bound work
      */
     public static Scheduler computation() {
-        return INSTANCE.computationScheduler;
+        return getInstance().computationScheduler;
     }
 
     /**
@@ -118,7 +137,7 @@ public static Scheduler computation() {
      * @return a {@link Scheduler} meant for IO-bound work
      */
     public static Scheduler io() {
-        return INSTANCE.ioScheduler;
+        return getInstance().ioScheduler;
     }
 
     /**
@@ -141,13 +160,24 @@ public static TestScheduler test() {
     public static Scheduler from(Executor executor) {
         return new ExecutorScheduler(executor);
     }
+
+    /**
+     * Resets the current {@link Schedulers} instance.
+     * This will re-init the cached schedulers on the next usage,
+     * which can be useful in testing.
+     */
+    @Experimental
+    public static void reset() {
+        shutdown();
+        INSTANCE.set(null);
+    }
     
     /**
      * Starts those standard Schedulers which support the SchedulerLifecycle interface.
      * <p>The operation is idempotent and threadsafe.
      */
     /* public test only */ static void start() {
-        Schedulers s = INSTANCE;
+        Schedulers s = getInstance();
         synchronized (s) {
             if (s.computationScheduler instanceof SchedulerLifecycle) {
                 ((SchedulerLifecycle) s.computationScheduler).start();
@@ -170,7 +200,7 @@ public static Scheduler from(Executor executor) {
      * <p>The operation is idempotent and threadsafe.
      */
     public static void shutdown() {
-        Schedulers s = INSTANCE;
+        Schedulers s = getInstance();
         synchronized (s) {
             if (s.computationScheduler instanceof SchedulerLifecycle) {
                 ((SchedulerLifecycle) s.computationScheduler).shutdown();
@@ -181,12 +211,12 @@ public static void shutdown() {
             if (s.newThreadScheduler instanceof SchedulerLifecycle) {
                 ((SchedulerLifecycle) s.newThreadScheduler).shutdown();
             }
-            
+
             GenericScheduledExecutorService.INSTANCE.shutdown();
-            
+
             RxRingBuffer.SPSC_POOL.shutdown();
-            
+
             RxRingBuffer.SPMC_POOL.shutdown();
         }
     }
-}
\ No newline at end of file
+}
diff --git a/src/test/java/rx/schedulers/ResetSchedulersTest.java b/src/test/java/rx/schedulers/ResetSchedulersTest.java
new file mode 100644
index 0000000000..79c9f9435b
--- /dev/null
+++ b/src/test/java/rx/schedulers/ResetSchedulersTest.java
@@ -0,0 +1,50 @@
+package rx.schedulers;
+
+
+import org.junit.Test;
+import rx.Scheduler;
+import rx.internal.schedulers.*;
+import rx.plugins.RxJavaPlugins;
+import rx.plugins.RxJavaSchedulersHook;
+
+import static org.junit.Assert.assertTrue;
+
+public class ResetSchedulersTest {
+
+    @Test
+    public void reset() {
+        RxJavaPlugins.getInstance().reset();
+
+        final TestScheduler testScheduler = new TestScheduler();
+        RxJavaPlugins.getInstance().registerSchedulersHook(new RxJavaSchedulersHook() {
+            @Override
+            public Scheduler getComputationScheduler() {
+                return testScheduler;
+            }
+
+            @Override
+            public Scheduler getIOScheduler() {
+                return testScheduler;
+            }
+
+            @Override
+            public Scheduler getNewThreadScheduler() {
+                return testScheduler;
+            }
+        });
+        Schedulers.reset();
+
+        assertTrue(Schedulers.io().equals(testScheduler));
+        assertTrue(Schedulers.computation().equals(testScheduler));
+        assertTrue(Schedulers.newThread().equals(testScheduler));
+
+        RxJavaPlugins.getInstance().reset();
+        RxJavaPlugins.getInstance().registerSchedulersHook(RxJavaSchedulersHook.getDefaultInstance());
+        Schedulers.reset();
+
+        assertTrue(Schedulers.io() instanceof CachedThreadScheduler);
+        assertTrue(Schedulers.computation() instanceof EventLoopsScheduler);
+        assertTrue(Schedulers.newThread() instanceof rx.internal.schedulers.NewThreadScheduler);
+    }
+
+}