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    Super Cheap

    • Chitré, Panama
    • Santa Marta, Colombia
    • Phuket, Thailand
    • Dumaguete, The Philippines

    Cheap

    • Medellin, Colombia
    • Boquete, Panama
    • Kyrenia, Cyprus
    • Hua Hin, Thailand
    • The Algarve, Portugal

    Affordable

    • Valencia, Spain
    • Cascais, Portugal
    • Las Terrenas, The DR
    • Pisa, Italy
    • La Rochelle, France
    • Mazatlán, Mexico

    Luxury

    • Ambergris Caye, Belize
    • Kotor, Montenegro
    • The Panama City Beaches
    • Paris, France
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  • Home
  • Countries

    Top Destinations:

    Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

    • Spain
    • Portugal
    • Panama
    • Belize
    • Colombia
    • Cyprus
    • Mexico
    • France
    • Montenegro
    • Browse All Countries

    Best For:

    • The Best Places To Retire
    • Health Care Abroad
    • Cost Of Living
    • Investing in Real Estate
    • Establishing Residency
    • Gun Laws In The World
    • English-Speaking Countries
    • Safest Places For Retirement
    • Best Places In Latin America
  • Budgets

    How Much Will It Cost You To Live Overseas?

    The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

    Super Cheap

    • Chitré, Panama
    • Santa Marta, Colombia
    • Phuket, Thailand
    • Dumaguete, The Philippines

    Cheap

    • Medellin, Colombia
    • Boquete, Panama
    • Kyrenia, Cyprus
    • Hua Hin, Thailand
    • The Algarve, Portugal

    Affordable

    • Valencia, Spain
    • Cascais, Portugal
    • Las Terrenas, The DR
    • Pisa, Italy
    • La Rochelle, France
    • Mazatlán, Mexico

    Luxury

    • Ambergris Caye, Belize
    • Kotor, Montenegro
    • The Panama City Beaches
    • Paris, France
  • Resources

    Global Living

    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore & Diversification

    Making Money

    • International Real Estate
    • Banking
    • Employment
    • Investing

    Follow Us:

    • Meet Our Experts
  • Real Estate

    Buying Real Estate For Cashflow

    • Discover tips and strategies used by global property investing veterans

    Explore Our Latest Posts

    • Learn how to invest and purchase property abroad…

    Go To The Overseas Property Alert Site

    • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
  • Conferences

    Upcoming Events

    • Explore Our Events Site

    Live and Invest In Spain Conference

    Offshore Wealth Summit

    Greece Workshop

    VALENCIA, SPAIN

    Sep. 17-19, 2025

    PANAMA CITY, PANAMA

    Oct. 15-17, 2025

    VIRTUAL

    Nov. 13, 2025

    LEARN MORE
    DISCOUNT
    LEARN MORE
    PRE-REGISTER
    LEARN MORE
    PRE-REGISTER
    • MORE EVENTS

    Contact Our Events Team

    Toll-Free U.S. and Canada:
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    From Outside North America:
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    Reach us with your questions by email at: events@liveandinvestoverseas.com

  • Store

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    Your passport to a life well-lived abroad

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    overseas living letter offers affordable retirement guidance
    The Simon Letter Wealth Protection Insights
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    Our Customer Service team is here to assist with any questions or concerns CustomerService@LiveandInvestOverseas.com

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Home news Retirement

Where To Retire On $2,000 A Month

by Sophia Titley
May 27, 2024
in Retirement, Retirement/Living
0 0
Tropical beach in caribbean sea, Saona island, Dominican Republic

Adobe Stock/fazeful

“How much money do I need to retire?”

This is one of the questions we’re asked most often at Live And Invest Overseas.

Budget is a crucial criterion for anyone considering retirement.

The fact is that we’re living longer than ever before, so we need bigger retirement budgets than ever before.

If the average American retires at age 62 and aspires to live to age 100 (which 54% of Americans do), then you have to be prepared to finance 38 years of retirement.

How much does 38 years of retirement cost?

According to the U.S. Census Bureau, about $2.3 million.

The median household income was $74,580 in 2022.

If you figure that you need 80% of that income in retirement, your retirement budget should be $60,000 per year (or $5,000 per month).

Most Americans’ retirement budgets are much smaller than this. The average Social Security benefit is $22,884 per year (or $1,907 per month).

To make the numbers work and your dollars stretch, look overseas. There, you’re sure to find an appealing destination with a lower cost of living… where even on a Social Security budget, you can enjoy a better quality of life… and retire in style.

I know of a handful of places that are friendly on the pocketbook… places where you can live well on $2,000 per month—just slightly more than the average Social Security benefit and a whopping 60% less than the $5,000 per month you’d need for a comfortable retirement in the United States.

These are places that are not only cheap; they also offer great health care, safety, entertainment options, welcoming communities, solid infrastructure, and more… all the ingredients that make up desirable, high-quality retirement havens.

You’ll find my full selection of 12 havens where you can retire in style on $2,000 per month in the current issue of our monthly Overseas Living Letter. (Right now you can take out a subscription for just $17 in our Memorial Day Sale. Full details here.) But here’s a sneak peek of a few of my preferred bargain havens overseas…

In this European hotspot, you can rent a comfortable home from $735 a month… dine out for $20… cover your monthly grocery bill for $350… All-in, your total monthly outgoings would come to $1,700.

Plus, this country is home to one of the world’s best health care systems, offers abundant sunshine and beaches, and a safe environment in which to enjoy low-stress, low-cost living. Get the full low-down starting on page 13 of this month’s Overseas Living Letter. Access it here.

If you’re retirement dream involves white-sand beaches, virgin jungle, and mountain hideaways, then this Caribbean escape could be perfect for you. And you can settle in here easily thanks to one of the world’s most user-friendly residency and citizenship programs.

A monthly budget of $1,669 will cover your costs here—rent included. Turn to page 25 of this month’s Overseas Living Letter for more.

If you’re looking for a cool-weather mountain retreat offering a low-key lifestyle then this exotic escape fits the bill. The cost of living is an absolute bargain, too. Large, conveniently located apartments rent for $500 to $750 a month; the spring-like climate means energy costs are low and often included in the rental fee, and $80 would cover a couple’s weekly grocery bill.

On a monthly budget of $1,500, a couple could live very well here. Find out more on page 28 of this month’s Overseas Living Letter.

Sincerely,


Sophia Titley
Editor, Overseas Living Letter

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Sophia Titley

Sophia Titley

For Sophia Titley, home is a subjective concept. She was born in Singapore but grew up in Indonesia and Saudi Arabia… and has since lived in Canada, Spain, Colombia, and, most recently, Panama. She studied political science and Spanish at the University of British Columbia, and in her free time enjoys trying new recipes, playing soccer, and salsa dancing.

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Top Countries

  • Spain
  • Portugal
  • Panama
  • Belize
  • Colombia
  • Cyprus
  • Mexico
  • France
  • Montenegro

Best For:

  • Health Care Abroad
  • Retirement Living
  • Cost Of Living
  • Investing in Real Estate
  • Establishing Residency
  • Gun Ownership
  • English Speakers
  • Safety
BROWSE ALL COUNTRIES

Budgets

How Much Will It Cost
To Live Overseas?

Super Cheap

  • Chitré, Panama
  • Santa Marta, Colombia
  • Phuket, Thailand
  • Dumaguete, The Philippines

Cheap

  • Medellin, Colombia
  • Boquete, Panama
  • Kyrenia, Cyprus
  • Hua Hin, Thailand
  • The Algarve, Portugal

Affordable

  • Valencia, Spain
  • Cascais, Portugal
  • Las Terrenas, The DR
  • Pisa, Italy
  • La Rochelle, France
  • Mazatlán, Mexico

Luxury

  • Ambergris Caye, Belize
  • Kotor, Montenegro
  • The Panama City Beaches
  • Paris, France

Resources

Global Living

  • Living & Retiring Overseas
  • Raising A Family Abroad
  • Foreign Residency & Citizenship
  • Offshore & Diversification

Making Money

  • International Real Estate
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  • Employment
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Reach us with your questions by email at: events@liveandinvestoverseas.com

Store

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Lahardan Books

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