Retire To Ecuador On Your Military Pension Or Social Security

“Kathleen, I’m retired military, and I’m 70. With my Social Security and retired from the military pension, it comes to about US$1,800 per month. I don’t know if that would be enough to live in Ecuador, but that is what I am thinking.

“If I decide to make a move, do they have medical facilities? I live alone, so I wouldn’t want to rent a large apartment. I’m in good health, but a hospital is a must. I would like to near shopping, open-air markets, etc.

“Thank for taking your time to get back to me, Kathleen. I’m looking forward to hearing from you.”

— Jim A., United States

Yes, US$1,800 a month is plenty to live a comfortable life in Ecuador. The best place to consider, given your interest in having a good hospital nearby as well as shopping, etc., would be the colonial city of Cuenca. This is probably the most expensive location in Ecuador but a good example of getting what you pay for. Cuenca is a city with all the amenities and services that suggests. And, again, even here, probably the most expensive option in this country, US$1,800 a month is a very reasonable budget.

In fact, Cuenca is such an appealing retire-overseas option, perhaps the best choice in this hemisphere for the retiree looking to retire well on a budget, that we’re planning a special project focused on Cuenca. I can’t reveal the details yet, but I’ll be in Cuenca for several days in advance of our Live and Invest in Ecuador Conference next month to launch this new effort. More soon.

Continue Reading: Calculating Your Budget For Retiring Overseas

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