A recent study carried out by NetCredit estimated that a person needs approximately $390,000 (US) to retire in Thailand.
The study covered most countries of the world, with the goal of estimating the cost of retirement based on the equivalent quality of life you’d enjoy back home.
The research was based on the following lifestyle for 1 person:
- Renting a 1-bedroom apartment in a city centre, like Bangkok
- Two vacations a year
- Moderate drinking
- No smoking
- Eating out: 15% expensive restaurants, 75% inexpensive restaurants
- Eating Western food at home
- Two round trips on public transport per week
- Moderate coffee takeout
- Moderate buying of clothes
- No taxis/ride shares, but moderate car use
- Gym membership
The cost was calculated over 14 years: retiring at 64 and with a life expectancy of 78.7 years.
But how does this translate to the real world? And considering the outcome, is it cost effective to retire in…
