A Schwarzchild radius refers to a model of a static and eternal (unchanging) idealized model for a gravitational field. The universe is anything but this - it is expanding and the simplest metric to model the universe with is the FLRW metric, and a Schwarzchild radius is pretty meaningless for that model.
You should note in particular that the FLRW metric means that there is no center to the universe. This contrasts with the Schwarzchild metric which explictly models a mass/energy with a definite central position and defines that as it's origin. In FLRW you effectively define the observer as being at the origin. So with a Schwarzchild metric observers can be anywhere relative to the origin, but not in FLRW.
I would say the concepts that are relevant in FLRW are the Cosmological Horizon which are described on this Wikipedia page. The simplest way to describe these is that as the universe expands, the most distant parts are moving (mostly due to the expansion of the universe) away from the observer and there is a "bubble" which has less and less in it as time goes by and it's only from this "bubble" - this small part of the universe - that you can make observations. Everything outside your "bubble" - the bit of the universe you can access - is unobservable, depending on precisely what you mean by that.
But that radius is not constant and changes with time. This again contrasts with a Schwarzchild radius, which is static and unchanging and is eternal.
The mass of the universe is not enough anyway - you need to factor in all energy (energy distorts spacetime, matter is just one form of energy) in the universe, and the bulk of that is not is "common" matter but in Dark Matter and Dark Energy. Which leads to the question what is the total energy of the universe and that is not at all trivial - I suggest reading the answers to Is the total energy of the universe zero?.