10 Countries where 200K In Retirement Savings Will Last You Decades

happy retire
happy retire

10 countries where 200K in retirement savings will last you decades. With the rising cost of living and healthcare, you might be wondering if you’ll ever be able to retire.

The answer is yes! If you’ve got $200,000 in retirement savings and a sense of adventure, there are plenty of safe and affordable countries where you can comfortably kick back and enjoy your golden years.

 

10 Countries where 200K In Retirement Savings Will Last You Decades

 

10. The Philippines

The Philippines
The Philippines

The Philippines
In the Philippines, a couple can live like locals on a modest budget of about $1,525, or they can live like royalty for $2,280 on one of the 7,000 tropical islands in the archipelago, where there’s no shortage of incredible beaches.

A single person can expect to pay $512 a month (without rent) in Manila. Utility bills in the capital average about $76 a month for two people, and a furnished, 900-square-foot apartment is about $510.

 

9. Spain

Spain
Spain

Yes, you can retire in Europe with a small nest egg—and Spain is one of your best options. Though more expensive than some of the other countries in this slideshow, its cost of living is still about 26% lower than in the United States, but with the added benefit of temperate weather, a seaside lifestyle, and history at your fingertips.

A single person can expect to pay $761 a month (without rent) in Madrid. Utility bills for a couple in the capital average about $151 a month, and a furnished, 900-square-foot apartment is about $1,135. The World Health Organization also ranks Spain as No. 7 out of 190 countries in terms of its healthcare system, whereas the United States is No. 37.

 

8. Malaysia

Malaysia
Malaysia

Beyond the low cost of living, the former British colony makes a great retirement choice for its friendly, English-speaking, first-world lifestyle, which makes it easy for expats to adapt.

In Kuala Lumpur, a single person can expect to pay $498 a month (without rent). Utility bills in the capital average about $54 a month for two people, and a furnished, 900-square-foot apartment is about $443. Under the program, if you’re aged 50 and over, you’ll need 350,000 Malaysian ringgits (US$85,879) in liquid assets and an offshore income of 10,000 Malaysian ringgits (US$2,453) a month.

 

7. Costa Rica

Costa Rica
Costa Rica

Named the world’s best retirement haven by International Living, Costa Rica offers retirees a tropical climate, excellent and affordable healthcare, gorgeous natural scenery, cheap real estate, and a low cost of living—not to mention safety and stability. Once you taste the pura vida (“life is good”) lifestyle, there’s no going back.

In San José, it costs a single person about $756 a month to live (without rent). Utility bills for a couple in the capital average about $197 a month, and a furnished, 900-square-foot apartment is about $630.

 

6. Panama

Panama
Panama

Not far from the United States, Panama offers retirees great weather and a modern lifestyle without the huge price tag. Life in Panama City is comparable to life in California—yet much cheaper and, if you leave the capital, your costs go down.

A single person can expect to pay $724 a month (without rent) in Panama City. Utility bills in the capital average about $200 a month for a couple, and a furnished, 900-square-foot apartment is about $1,005. Another bonus—no income tax on overseas earnings.

 

5. Belize

Belize
Belize

Belize offers expats a change in pace from the North American rat race. Though not as cheap as other Central American countries, it offers a simpler—and therefore cheaper—lifestyle. And with English as the official language, it’s easy to adapt.

According to International Living, a couple can expect to pay about $1,619 to $1,994 a month on Ambergris Caye, one of the pricier expat areas in the country. Internet, however, can be expensive, running roughly $130 a month. You must also show proof that you can meet the $2,000 a month income requirement. That said, Belize’s Qualified Retired Persons Incentive Program allows retirees aged 45 and over to earn tax-free money from outside sources.

 

4. Thailand

Phuket, Thailand
Phuket, Thailand

Beautiful, exotic, and affordable, Thailand is another retirement haven to consider. You can get a retirement visa if you’re 50 or over and have an income of 65,000 Baht (US$1,956) per month or 800,000 Baht (US$24,077) in a Thai bank account.

Bangkok is one of the more expensive cities in Thailand, yet still cheaper than retiring in the United States. Utility bills average about $100 a month, and a furnished, 900-square-foot apartment is about $839 in the capital. One sticking point to consider is that there is no public health insurance in Thailand for expats.

 

3. Nicaragua

Nicaragua
Nicaragua

If you’re a sun worshipper on a budget, Nicaragua might be the country for you, especially if you’re looking to stay in touch with family and friends back home, as you’ll be in the Central/Mountain time zones.

Housing is very affordable in the Land of Lakes and Volcanoes. Utility bills average about $105 a month, and a furnished, 900-square-foot apartment is about $ in Managua, the capital. The Nicaraguan government is also seeking to attract foreign retirees and offers certain financial incentives to sweeten the deal.

 

2. Peru

Peru
Peru

There’s something for everyone in Peru—from sunny beaches and Amazon rainforests to the Andes Mountains and the ancient Incan city of Machu Picchu, not to mention Spanish colonial towns.

In Lima, a single person can expect to pay $515 a month (without rent). Utility bills for a couple in the capital average about $81 a month, and a furnished, 900-square-foot apartment is about $561. When it comes to healthcare, you can get a policy for as little as $100 a month.

 

1. Ecuador

Ecuador
Ecuador

Many Americans are heading to Ecuador to retire for the fascinating colonial cities, quaint mountain villages, and gorgeous coastal towns—but also for the retirement lifestyle that they wouldn’t be able to afford back home.

According to Numbeo, monthly expenses per person are roughly $585 (without rent) in Quito. With the mild climate, utility bills average about $83 a month, and a furnished, 900-square-foot apartment runs about $425 in the capital.