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Old 01-05-2014, 08:16 PM
 
Location: San Diego
306 posts, read 608,031 times
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If one wanted to retire at 50 or 55 how much money do you think is going to be required in savings to retire in a country such as Thailand or Ecuador? This assumes that you will get full social security after 65.
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Old 01-05-2014, 09:13 PM
 
Location: Victoria TX
42,661 posts, read 80,767,246 times
Reputation: 36392
A thousand dollars a month would be plenty. You don't have your own car, a nice safe place to rent is easy for maybe $2-300 with all utilities. Learn to cook the local food. or hire a housekeeper part time who will also cook for you, a hundred or two a month. Health and dental care is very cheap, and so is local transportation.

If your money is tight and you don't mind roughing it, you could probably squeeze by for half of that.

Last edited by jtur88; 01-05-2014 at 09:22 PM..
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Old 01-05-2014, 09:18 PM
 
Location: Toronto
12,892 posts, read 12,918,860 times
Reputation: 3961
I think it also depends on where you live in those countries. In the case of Thailand it would be more affordable to live in the northern city of Chiang Mai than it would be to live in Bangkok. Regardless - 1000-1500 bucks a month is more than enough to live a very decent life including health care costs. The average Thai person subsists on far less than 1000USD per month.
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Old 01-05-2014, 10:31 PM
 
Location: Viña del Mar, Chile
16,409 posts, read 28,820,854 times
Reputation: 16579
Quote:
Originally Posted by jtur88 View Post
A thousand dollars a month would be plenty. You don't have your own car, a nice safe place to rent is easy for maybe $2-300 with all utilities. Learn to cook the local food. or hire a housekeeper part time who will also cook for you, a hundred or two a month. Health and dental care is very cheap, and so is local transportation.

If your money is tight and you don't mind roughing it, you could probably squeeze by for half of that.

1000 a month in Ecuador would be pretty terrible living.
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Old 01-06-2014, 10:33 AM
 
3 posts, read 3,374 times
Reputation: 10
Save money, buy house and car, then 1000 bucks will be enough
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