Countries worldwide have different amounts of money that will last a person in retirement. For example, in India, a person can live off of $200 per year, while in Switzerland, a person would need $2 million to live the same lifestyle.
There are also many countries in between with different numbers. The amount of money you need to retire comfortably depends on your lifestyle. Someone who wants to travel and stay in luxury hotels will need more money than someone happy staying home and cooking their meals.
However, even if you want to keep living a lavish lifestyle, there are still countries where you can live off of $200K or less for decades.
10 Countries where 200K In Retirement Savings Will Last You Decades
10. The Philippines
The Philippines is a country located in Southeast Asia. It’s a great place to retire because you can live comfortably on around $200,000 in retirement savings. In the Philippines, that sum will last you decades. The cost of living is low, and you can enjoy a tropical climate, beautiful beaches, and friendly people.
Spain is a country where retirees can live comfortably on a budget of about $200,000 saved for retirement. This amount will last retirees for decades in Spain, as the cost of living is relatively low compared to other Western European countries. In addition to a low cost of living, Spain also offers retirees a Mediterranean climate, stunningly beautiful scenery, and rich culture and history.
If you’re looking for a country that will allow you to live comfortably on just 200K in retirement savings, Malaysia is a great option. In fact, in Malaysia, you could live comfortably on that amount for decades. The cost of living is low, and the healthcare system is top-notch. Additionally, Malaysia has a wide range of activities and attractions to keep retirees busy and entertained.
7. Costa Rica
If you’re looking for a place to stretch your retirement savings, look no further than Costa Rica. A couple can live comfortably on around $200,000 in retirement savings in this Central American country. However, many ex-pats report that they’ve been able to live very well on even less. Costa Rica is a beautiful country with a temperate climate, making it the perfect place to spend your golden years. The people are friendly, and the infrastructure is good. There are plenty of activities and things to do in Costa Rica, so you’ll never get bored.
One of the best things about Costa Rica is that it’s affordable. You can live a comfortable lifestyle here on a budget. In addition, the cost of living continues to go down as more and more people retire in this country.
Suppose you’re looking for a country where your 200K in retirement savings will last you decades, look no further than Panama. With an estimated cost of living almost half that of the United States and a robust infrastructure that makes it easy to get around, Panama is ideal to retire on a budget. Moreover, you’ll never want to leave with its tropical climate and welcoming culture!
Belize is a Central American country located on the Caribbean Sea. English is the official language, and Belize’s currency is the Belize dollar. A couple can live comfortably on around $2,000 per month in Belize. Inexpensive housing, food, and health care are among the attractions of this laid-back country.
A couple could easily stretch a retirement nest egg of $200,000 for two decades or more in Belize. Living in other Central American countries varies considerably, but all are cheaper than in the United States.
In Panama, for example, a couple can live comfortably on around $3,000 per month. Costa Rica is also a popular destination with retirees; a comfortable lifestyle can be held for around $2,500 per month.
Thailand is one of the countries where having a retirement savings account balance of around $200,000 will give you a comfortable lifestyle for decades. The cost of living in Thailand is relatively low, and the average annual income for retirees is about $8,000.
With a strong economy and low cost of living, Thailand also has a large ex-pat community, making it easy for retirees to find friends and social activities. Healthcare in Thailand is also top-notch, with world-renowned hospitals and clinics available at a fraction of the cost of similar care in other parts of the world.
Nicaragua is often overlooked as a retirement destination, but it’s a great place to stretch your dollar. In fact, with just $200,000 saved up, you could live comfortably in Nicaragua for decades. The cost of living is low, and you can find plenty of comfortable places to retire on the beach or in the mountains.
Healthcare is also affordable, and there are plenty of English-speaking doctors available. Nicaragua is a great place to retire if you’re looking for a relaxed lifestyle and don’t want to spend money. Just be sure to have a solid savings plan in place to enjoy your retirement years without worrying about money.
Peru is one of the countries where 200K in retirement savings will last you decades. Although Peru’s cost of living is increasing, it’s still much lower than in the United States. In addition, social security benefits are relatively high in Peru so that retirees can live comfortably on a modest retirement income.
There are also many opportunities for retirees to enjoy their golden years in Peru, from hiking and fishing to cultural experiences and wine tastings.
If you’re looking for a place to retire with a relatively small nest egg, Ecuador might be the place for you. A recent study by Wealth-X found that retirees can live comfortably on as little as $200,000 in Ecuador. In fact, in some parts of the country, that sum could last you decades. In addition, Ecuador is known for its diverse landscape and rich culture.
The country is home to the Andes Mountains and the Amazon rainforest, making it an ideal destination for nature lovers. And thanks to its firm dollarization policy, the cost of living in Ecuador is relatively low compared to other Latin American countries. As a result, retirees can enjoy a comfortable lifestyle on as little as $200K in Ecuador. In addition, there are plenty of things to do in Ecuador, no matter what your interests are.