Can I retire in a low COL country with $500K?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t know how much money I will have when I retire. But my aunt is retired in one of the most beautiful countries in Europe, definitely 1st world. Healthcare is excellent. She lives on €2200 per month pension and wants for nothing. Cultural amenities are boundless and subsidized. That’s how it’s done.

Which country?

Austria. You might not like it but cities are multicultural, international and affordable.

My IL is retired in the UK and lives on the equivalent of $1300 per month. Not central London, obviously, but not in a rural town, either.

When you retire, other than rent/mortgage, the next biggest expense will be healthcare, and US healthcare is the most expensive in the developed world.

NHS is a mess indeed, though.

The Brits that I know really like it and think it works very well. They’re lawyers, doctors, C Suite and they’re all super happy with it.