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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]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.[/quote]

Which country?[/quote]

Austria. You might not like it but cities are multicultural, international and affordable. [/quote]
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.[/quote]

I believe it. If rent is covered you could also live on half the amount that my aunt needs, an hour outside of Vienna. It’s very doable. But OP would have to speak German in order to participate socially. She can get by with English but if 5 friends get to gather and they all speak German, I doubt they would all want to switch to English just to accommodate the OP. Since most people would t want to learn German, it’s not an option for them.[/quote]

^ get together[/quote]

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