Retirement on a Budget
“I receive a pension of US$1,071 a month, and I’m thinking of retiring to the Philippines. How comfortable of a life would I have on this budget? Or do you have any suggestions as to where I could retire comfortably with this small pension?”
—Donald E., United States
Asia Correspondent Wendy Justice responds:
“Yes, you could live comfortably in the Philippines for US$1,071 a month. I’d recommend taking a look around Cebu and Dumaguete where you could live a middle-class lifestyle without having to worry about money. It’s very inexpensive there, and you could enjoy a fine quality of life for US$1,000 or less a month.
“Other areas to consider would be around Chiang Mai, Chiang Rai, and Pai in Thailand and Nha Trang, Hoi An, and Danang in Vietnam. All of these places have a much lower cost of living than in the West. There are also some parts of Malaysia, such as Kuching, where you could live a comfortable, middle-class lifestyle for US$1,000 or less per month.”
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