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][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]

NHS is a mess indeed, though.  [/quote]
it really depends on where you live, but even so, at least they can get some care. If you tell a Brit that they will have the same healthcare system as we do in the US they would riot.

Ours is also a mess given how many people have to choose between food and medicine, and go bankrupt due to medical bills.

If you have wonderful insurance from the fed as a retiree, then lucky you.  The vast majority of us do not work for the feds, and we are on our own for healthcare.  I pay private for mine, and it sucks, and it's expensive. My DC went to an urgent care in the UK, and they charged us all of $0.  Also had to take DC to a doctor in Spain, and got some rx drug - all of $35, including the drug, which costs $70 here in the US.  To see the doctor, I would pay $105.

So, don't tell me that our system is not broken.  OP definitely would go bankrupt in the US at $500K in retirement if OP had serious health issues in retirement.   [/quote]

Yikes. Most people don't even have 500k for retirement in the US. [/quote]

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