40k of your retirement money can last you less than a year or over three years – depending on which country you choose, which is why I came up with this research and found 7 countries that will give you the most bang for your retirement buck.
7. Lisbon, Portugal: Located on the Iberian Peninsula, and has a mild climate, even during winter, so no worries there. That’s an average of 10 degrees Celsius in the winter and 21 degrees in the summers. Lisbon happens to be one of the most affordable capitals in Western Europe. Has everything you need for a comfortable retirement life. A couple could live here for $3,065 a month, $36,780 a year. Even less if you choose to live outside the city center.
6. Phnom Penh, Cambodia: This city, once known as the Pearl of Asia, offers a surprisingly low cost of living, buzzing with life, a flourishing food scene, great architecture and temples and also has a tropical climate, meaning it’s warm all year round. Retirees who live here can afford a housekeeper or gardener. In fact, with just $1,800 a month, roughly $22,000 a year, any retired couple could live a fabulous lifestyle.
5. The Panama City of Panama, a true First World city in Central America. Has high-speed internet, and the quality of air and water are excellent. Plus, the healthcare system has been described as one of the best things about living here. Panama City has great restaurants, park areas, waterfronts. A couple can live a comfortable retirement in a central area, for just $1,765 a month, $21,180 a year.
4. Quito, Ecuador: Now, this city has a number of livable suburbs, including Gonzalez Suarez, Parque La Carolina, and Cumbaya, which offers the closest approximation to a U.S. lifestyle in Ecuador. I’m talking about malls, restaurants, and gated communities, basically everything you’d expect in any big city. Also, Quito has the best preserved historic center in all of Latin America. The cost of living for a couple per month is just around $1,700 equaling a yearly total of $20,400.
3. Mazatlan, Mexico. Mazatlán is located about midway along Mexico’s Pacific coast and is one of the few places in the world where you can walk for miles on an uncrowded beach. It has busy outdoor cafes and international restaurants, shopping malls. So go and soak yourself up in Mexico’s culture. The estimated cost of living in Mazatlan is $1,400 per month, roughly $16,800 per year.
2. Chiang Mai, Thailand: The cost of living in Thailand can be temptingly affordable. The way of life is exotic and pastoral, full of adventure and new discoveries. You could spend your time shopping in open markets, meeting new people, volunteering, and taking hikes. It is unbelievably affordable to live in this Asian city as the estimated cost of living goes from $1,200 per month, about $14,400 annually.
1. Hanoi, Vietnam: known for its French colonial architecture and rich culture with Chinese and French influences, Hanoi has maintained its traditional charm while becoming a lively, modern city. With four distinct seasons to enjoy, Hanoi has one of the lowest costs of living of any major city in Southeast Asia. The monthly budget circles around $900, just about $10,800 a year.
So there you go, 7 affordable, yet high-quality cities to relocate to and enjoy your early retirement with ease. If you liked the content of this video, then go ahead and do the right thing by giving this video a thumbs up, share and subscribe to this channel for more.