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20 Places Where You Can Retire With $150K
Despite having saved for retirement for many years, you may not have saved enough to retire well. Of no fault of your own, you may not have raised enough money to retire well yet, or so you think. If you relied on Social Security for savings, in 2018 numbers you’ll collect, at most, $1,404 per month. That’s $16,848 per year which is hardly enough to retire well. Chances are you did save more than that. According to the Government Accountability Office (GAO), Americans between the ages of 55 and 64 saved about $107,000 for retirement. Add to that the fact that in the US, seniors face about $13,000 in out-of-pocket health care costs and you’ve eaten up most of your Social Security.
What if you moved to another country though? You’d instantly cut your day-to-day expenses, health care and housing costs. We examine 20 places you could retire on $150,000 or less in savings and still live comfortably. This list uses local day-to-day living costs, political developments and changes to visa programs.