The Japanese retirees spend about $3,000 per month to retire in Thailand. We may actually do more than one country if everything works out OK. Sure, you can come by anytime when we move over. You will need to get private insurance. Is it so? My Thai friends tell me you are absolutely correct about the cost of living. we been Thailand over 30 times with kids so far. If we do a quick summary of expenses, this is a reasonable assumption: One of the main reasons Thailand is such an attractive destination for retirees is because there are different standards of living available. I like South America too. And no i dont live extravagently. Luckily, he managed to get all his items back, but he could have saved himself from a lot of misfortune by paying attention to the early warning signs. I just order stuff on Amazon or shop at Ross or Osh Hardware and send all the stuff back even my power tools and just use a 220 to 110v step down converter. Hopefully South America will be more accommodating in the future. I am 66 years old and british but have been living in the republic of ireland I moved to thailand from ireland nov 2021. From when to retire to how much to save, here are expert-backed answers to crucial retirement questions. Everything just keeps getting more expensive. My dad likes to eat seafood so thats why his food expense is so high. Tinder and other popular dating applications are booming in Thailand! Its like Chiang Mai when I was a kid. Where should I retire? . I lived in Bangkok for 6 months. That said, unsophisticated crime is rampant in Ecuador. Hope you all are doing well . 2021 is about as much a mess as 2020 so far in US this year. The following two tabs change content below. There were some riots and coups, but they generally leave foreigners alone. Some people will accept an average condo and reduce their rent, while others will keep eating out expenses low to live in a more modern, spacious dwelling. Find out how it stacks up against North America, Europe and Asia. The lady is getting a nice man with more baht who does not cheat on her and I get a younger woman. Even Thailand appears to have made it much more difficult to gain permanent residency in recent years. Who the hell are you?! Often the stories and tales we encounter online, and dating nightmares are from expats who have dated locals and have found themselves in a slight situation But, its also essential to add that many expats have a happy long-term relationship with Thai locals. I havent gone to a bar in ages. Healthcare is the big X factor. My first and most important task is to complete an intensive Thai language learning course. Im envious that you can easily choose to live there. I use it and so do many of my readers. Imported liquor is about 50% more than what I would pay in the US IF I COULD STILL DRINK (interferes with my meds), I am generally there during the wet season, so room prices are lower. + Get COVID Insurance After all that, return home, count your smiles, friends, kisses, and maybe even a tear or 2, and then dig deep to see what it is all worth. I could live a pretty comfortable lifestyle here for about $1,600/month or maybe even less. You worked hard you whole life, why not enjoy your golden years? A health savings account is a beneficial tool for retirement planning. For flexibility and a sense of purpose, consider these jobs for people over 50. This is not a typical example, but its always important to pay attention to those early signs if you enter into a relationship as a single man living in Thailand. I lived there for half a year and its wonderful to live in the tropics. Even for the linguistically talented, Thai is difficult to learn. 1-Year Thai Retirement Visa (Single-Entry) - $61.33. I do some research. 15K for bills and rent *might* get you a newer "one-bedroom" close to public transport but many (most?) I am bookmarking this and will surely use it many times in the future, Its interesting comparing the cost to living in Phuket http://lovinglifeinasia.com/my-cost-of-living-in-phuket/. The heat/humidity isnt bad at all right now. But then again if I were going to have that much in retirement funds I would just retire in beautiful San Luis Obispo, California where Ive spent most of my life. Wow, thats really interesting. I never felt like I belonged in the U.S., says 62-year-old who fled Minnesota to retire in Bali where you can live very, very comfortably on $3,000 a month. The government requires that you have income of 65,000 baht deposited in a Thai bank every month; thats less than $2,200 at early 2021 exchange rates). Phuket is a great place to visit. VerticalScope Inc., 111 Peter Street, Suite 600, Toronto, Ontario, M5V 2H1, Canada. I live in a large city, but have always fantasized about retiring to more relaxed, cheaper places. For Thais, ghosts are real, and they're present. For example, in Thai society, if a woman is slightly overweight, she can be seen as fat, but she can be seen as slim or average in the West. If you're living in a Thai style house then it's really cold. $3,400 per month is approximately the pay out for 100% VA disability. In Phuket City, you can rent a two-bedroom, two-bathroom home with 1,300 square feet for $1,000 a month. Its landlocked though right? To get a such a visa, you have to be at least 50 years old and pass a criminal background check. Once this money has been in the account for 60 days you can apply for a 1-year extension of stay based on retirement at a local immigration office. Those with kids also have schooling to consider. Now you can get a retirement visa thats valid for a year. In short: Of course you can. Anyway, Chiang Mai is a great place to visit. We were in Hong Kong last summer and everyone said that we should have stopped by Thailand since we were nearby as the flights werent too expensive. Thai people can go to the public hospital, but the wait is very long. 2023 Retire by 40 Current market conditions bring both opportunity and risk. Need an international bank account that holds multiple currencies and lets you transfer, receive & spend wherever you are, with a MasterCard. The city also gets over 10 million visitors in 2019 so they are used to foreigners. In Manila, it would cost me around $3000 a month even though I own my own two bedroom flat in Makati City(very expensive area, like Asok or Thonglor in Bangkok), because all the surrounding restaurants are expensive and so are the nice grocery stores. #1: Never live alone. Thailand Expat Forum for Expats Living in Thailand, Getting married for sex is like buying a 747 for the free peanuts - Jeff Foxworthy, Australia Expat Forum for Expats Living in AU, Britain Expat Forum for Expats Living in the UK, Dubai Expat Forum for Expats Living in Dubai, Spain Expat Forum for Expats Living in Spain, France Expat Forum for Expats Living in France. Great to see the numbers living on $1,000 a month Thailand sounds like a pretty nice retirement to me! In her area, I could take a job in a local school or university (for much, much less than I earn now). The figure ($390,000 / 11 million Baht) breaks down to just over 70,000 Baht per month. Units with 2 or 3 bedrooms in the centre of town cost $750 USD per month and $250 USD on the outskirts. Costa Rica is a safe and stable country with a low crime rate, especially in the rural areas. And, like you, were also waiting for that big mega-thrust earthquake! I think healthcare is much more affordable in Thailand than in the US if youre young and relatively healthy. Chiang Mai is a little calmer and you dont have to deal with gridlocked traffic all the time. A bit cooler than Portland, but quite similar climate overall. I need to emphasize that you want to EAT WHERE YOU SEE THAI PEOPLE EATING. Also, I dont have to deal with any visa problems. . Residents of the U.S., as well as those of a handful of other countries, are actually able to obtain five-year retirement visas, although the threshold to do so is more rigorous. + Get Health Insurance The cost for that Japanese food is STILL about 30 to 40% of what I pay here in the US. Should we cut my sister out of the family inheritance? A cursory search shows that even the most open countries, such as Ecuador, Panama, and Mexico, seem to limit long term stays to 180 daysat least in terms of convenient applications or process. But Im biased, because we did it. My mom, in particular, doesnt like to spend money at all and lives a simple lifestyle. It's very helpful. And the great thing is that the tastiest food always comes from the cheapest places either the little hole in the wall open-air places where you sit on cheap plastic chairs, or in the food courts of shopping malls and department stores. With its low living cost, modern infrastructure, and high-quality healthcare, Chiang Mai was ranked as the fourth-best "affordable place" to retire overseas for Americans. Accommodation in Chiang Mai can cost as little as 2500 Baht or 75 USD per month for a hotel like room with attached bathroom. 5. Even if you can file the taxes on your own, everything is in Thai. Having traveled to Thailand 14 times and having many friends live there full time, I disagree with the costs here to retire. Ill be retiring to Thailand next year (Jan 2016) as an expat couple, no kids. Bar $? This includes all domestic and international income. Heres what you need to know about moving to Puerto Rico for retirement. Like many second world countries, regular reports of police corruption may worry some, but these problems always seem to exist where it's cheap. Your email address will not be published. If you choose to leave the US to live in another country full-time, learn to assimilate, adapt, embrace, and take on the whole culture. Mrs. RB40 reported that they had record snowfall in Portland and all kinds of problems followed. Great idea to use it as a base for exploring Asia. Take your reading anywhere with offline reading functions, Never miss a story with breaking news alerts. Basically it comes down to a couple main factors: 1. You have to provide a letter from the bank showing proof of deposits. Some have gotten around the issue by creating a Thai company and buying the house in the companys name, but the Thai government has been increasingly looking for this type of fraud. Less than a minute. And, if you choose to bring money into the country and give it to your wife to buy a house you are required to sign a legal document stating that you have no rights to the house in the event of a divorce. Most carts are attached to a motorcycle, and many operate from the same spot for decades. We havent been there for over 10 years. 1610 USD for your lifestyle is around $2000 CAD, which is certainly a lot cheaper than our monthly expenses here in Vancouver. This content was commissioned by Nikkei's Global Business Bureau. You can do it here but please don't feel obliged :). Ill have to add up my yots for a monthly figure! Ill check with my dad. Youre right. And when they want to travel in Asia, Phukets status as a tourism mecca means theres no shortage of flights for less than $100. I think the utilities probably cost another $100 extra. Living outside of the city center could cut your rent to roughly $300 per month. I knew I would shock some people with my idea of having a relationship with a woman 20 years younger. I like your article. But is it a good fit for retirement? Dating in society has changed, and this also includes Thailand. He later returned these items to the store, apologized, and gave them a tip, but his partners thieving continued over this 10-month relationship.. . I was graduated in Chiang Mai University decades ago. This amount covers most areas, but if you are situated in Phuket or Bangkok, a single man would need at least $1200 or more. I really want to visit Thailand and it sounds like its extremely affordable. Im very curious what the education options would be for your child especially if this happens in high school or if you want to be close by for college? By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Im pretty sure well be back and forth a lot even if we live in other countries. Several years ago I wrote a post about living abroad on less than $3000 a month. Im Peter. But that would have to be a *lot* of money. It is free to get started & easy to use. You never know I would love to live in South America for a few years. Not as an retirement option but for living in general as a lot of places are just so much cheaper than the US. Right okay. He paid about $3,500 for them. You mentioned a condo would be around $50,000. What matters the most is that living like locals is cheaper, but might be difficult at first. Which is really encouraging! My wife and I did most of our international travels with my small company in the 80s and 90s so we no longer feel the need to travel around the globe now that we are retired. I am about to take 6 months of work And get A 3 month visa stay in thialand I want to give chang Mia Ago around June and rent for 3 weeks Can you recommend a good location that is quite close to shops and all amenities this will be with a view to retire with my thia girlfriend in 2017 Any help would be appreciated. I can absolutely see why it attracts digital nomads and retirees. One last question, are you honestly saying that your parents totally rely on the public health system? As to condo ownership the total ownership by farang cannot exceed 50% but if you own it, they wont force you to move if thru some quirk (a bit of tea money can work wonders) the farang ownership % exceeds 50% I spend about 3 months/year in 6 week segments 6 months apart in Thailand generally in Pattaya and traveling to Chanthaburi every other weekend and have a pretty good command of pa-sa Thai even if only 4000 words. Its a lot of fun to visit, but living there is quite different. Dont worry about it. I'm not judging either way. Make a friend, a local that is. We rent one for $500 a month. It will be great to visit South American for a couple of years. Its possible to do this in Thailand or at a consulate in your home country. You also need to have a valid passport that doesnt expire for at least one year. I have been saving my whole life for this, and I cant wait for this new adventure of mine to start. Many Thai people speak English. Apply for the Non-Immigrant O-A retirement visa at the Immigration office in Thailand. I will admit that I am neither frugal, or spend thrifty, regardless of whose dime I am on, I always opt for what I like and make no reservations or excuses about certain indulgences. Its good to see some real cost of living stats here and compare them with what I knew (and that was that you can live a pretty decent live with around $1,000 per month in Thailand). Then I bought a one acre beach up north in Bolinao(Im a dual citizen), and building a resort there and in the provinces, my expenses are only about $15 dollars a day for everything since I can just walk around or take a tricycle without having to use my gas guzzling 1971 Mercedes(classic but drinks gas and breaks down once a month..lol). Bowen says he arrived without a visa and now has to let Thailands immigration office know every 90 days, either online or in person, that he is still there. How do I make it last? Ill check it out. The cost of living is also quite a bit cheaper than Bangkok. Copyright 2023 MarketWatch, Inc. All rights reserved. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Good luck with the resort. Then you have to be able to speak Thai to not pay an inflated price here and there. You didn't shock me at all. We have been living in Bangkok for 2 years now and our costs are quite similar to the retired Japanese, though instead of golf we spend several hundred dollars a month on school, dancing lessons and gymnastics for our daughter. My dad is picky about some stuff so thats why his cost is pretty high comparing to locals. In the beginning stages of dating in Thailand, you will often encounter many red or green flags from the investigation. Local office worker - $650/month (low income) $150 Rent - He can rent an apartment about 10 minutes from the city center for about $150/month. Thailand is not only a country that Id love to visit, but also one that I strongly consider retiring to. Leo is planning to move back to the US because he has Medicare benefits there. Now I find USA very boring since been Bangkok and other part of Thailand over 20 time. However, Id just as soon be within the borders of the US with its amazing depth and breadth of resources, than Thailand. I have probably mentioned this before but 10 years ago when I lived in Phuket with my girlfriend for a year we managed to get by very nicely on 39K Baht ($1300) a month. I,m single and spend 4000 per month. If you want to move to Thailand The government requires that you have income of 65,000 baht deposited in a Thai bank every month; that's less than $2,200 at early 2021 exchange rates).. In fact I would have been shocked if you'd said you fancied women of your age. I don't see what is wrong. So how do these costs translate to your monthly budget? The research was based on the following lifestyle for 1 person: The cost was calculated over 14 years: retiring at 64 and with a life expectancy of 78.7 years. Another option would be to purchase the house (you can own the house, just not the land) and then do a 30 year lease on the land. The amount you spend on healthcare really depends on your health. Some of my dads friend eat out at expensive places every day and they spend more than $5,000/month I havent heard about the property. Ill have to try living in BKK first though. Fixed. Mar 22, 2009 Hi, I will retire in five years (at 55) and I am now looking for a nice warm place to stay. The retirement visa also does not allow you to work in the country. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. We love the National Park system and now that we volunteer in the Oregon State Parks as well, we are happy campers indeed. My dad mentioned that raising a kid is a pretty big expense in Thailand. However, financing is normally unavailable or difficult to obtain as a foreigner. Cheers. However, do not expect to find English to be spoken or understood everywhere you go. Thailand is one of the best places for Australians to retire overseas and you won't be alone, there are already a massive number of Australian Expats living in Thailand. See the Retirement Options for Foreigners in Thailand. Im looking for safe, friendly cities to retire abroad on $2,500 or less a month. If they need more extensive care like specialized surgery, then maybe they might use private care later. Honestly, its hard for me to imagine how a retired couple could spend THAT much money living in Chiang Mai. See my credit card page for instruction on how to travel hack and which card to signup for today. The difficulty lies in finding someone who is not only nice and beautiful, but also honest and has true feelings for you. I would rent for a while before buying. Joe, i need an advice. Our Top 5 Locations to Retire in Thailand 100% PASSIVE INCOME Hands-off Rental Guarantee Investment Fixed 8% P.A. When I look at our US budget dollars, I notice a big hunk of expense go to pay for car, car insurance, house insurance (house is paid for), health insurance, property tax for house and income tax. Buying property in Thailand should not be taken lightly, although many have, both this government and the one which just passed has proposed changing the Law governing the legal loop hole used, that allows non-Thais to own property in Thailand. You need to answer that first. Sorry, I dont know much about the law. I guess it all depends on which country I can make my dollar stretch the most. The language (Thai) is notably difficult to learn for those from Western countries. We like living in the city though. Put your thumb in the pie, your finger in your eye, and spend a night looking at the sky. Health insurance is still a big question here. Make sure you also have a 're-entry permit' before you leave the country. The Best Affordable Places to Retire Overseas in 2021. You will need to get a retirement visa, which is simple but still requires regular check-ins with immigration. Yeah, some US locations are quite expensive. Silvia Ascarelli is a senior news editor for MarketWatch based in New York. Of course, booking a girl for your Thailand holiday does not mean treating them like a commodity, but treating them with respect, as you would like to be treated. Theyre incredibly helpful. Chinese tourists, in particular, spend a ton of money when they come to Thailand. Good luck! He warns that driving in Thailand is dangerous and death rates from crashes are high. The cost of alcohol can also add up quickly. I would be so fat if I retired in Thailand! NET. There are four steps to acquiring a visa to retire in Thailand. Heres how you can get foreign citizenship and a second passport in as little as two years, Can my investments survive a crisis if I retire early? I have no car or motorcycle. I might have to drop by and say hi when were over there. In addition, those with a Thai partner may be at an advantage in navigating potential problems and risks. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. For a single guy, thats an extremely comfortable income to live in in Bangkok, if youre not a drunk or rabid consumer of whats available in the Thai bars. My wife an I are on the other side of 40.I retired last year but got pulled back into a job which might take a year or so to manage a computer transformation at a local plant. The average cost of healthcareis still lower than in the U.S., but costs can add up if you need regular medications or medical attention. That has changed. check out for a fairly accurate COL estimate. Try one thing at a time until you acclimate to the local food. Upon signing you'll typically hand over the first and last month's rent, plus a security deposit of one month. Bowen says his monthly budget of $2,500 is covered by his Social Security check of $1,800 plus investment income. Korea is great but so is Thailand and has better options for a British man approaching 58 and married to a Thai for the past decade plus. My parents are pretty frugal. There are a few ways to satisfy these requirements: Note that if you go with the first option in the list above, you need to have the money in the Thai account for at least two months prior to your visa application. If the exchange rate goes back to 37:1 our USD expenses will also drop to about $2200 a month. I buy local medical insurance for us both, and still save for an escape plan if needed. Surging baht and new rules dull the country's allure for budget-minded expats. Since US citizens are taxed on global income you're going to have to answer that little "Do you have accounts or financial interests overseas that total more than $10,000?" Ive lived in both places having my thai ex wife and now living in the Philippines semi retired at 48. Its just not for everyone.. Many people consider retiring in Thailand, because it costs relatively little to live comfortably there. Jim has run his own advisory firm and taught courses on financial planning at DePaul University and William Rainey Harper Community College. There are many types of insects, including mosquitoes, many types of ants and cockroaches (that can fly). In my mind the best option though is to just stick with a condo and be spared the legal hassles. Probably have to cut back a little while were in the expensive countries. I know all the bar and restaurant owners. of course, I would have to keep 400,000 baht in the bank for the visa. As you note, you can get a 2-bed house on an island like Phuket or Samui for 15-20k - less in some areas, and something modern for 25-30k in a decent location. Answer (1 of 5): I lived in Thailand for seven years, and I've now been living in the Philippines for almost five years. Thailand does seem very affordable and buying places and renting them out to others would be a nice income stream. I guess they have pensions and dont mind spending it to have a more luxurious retirement. I think it makes perfect sense to retire somewhere thats more affordable. Nikkei Inc. No reproduction without permission. Copyright TheThailandLife.com 2023. Also, the other tax issue is US taxes. 10 reasons why not to retire to thailand retire 2. It's really inexpensive to do and will make sure you have something to retire with. Perhaps when medicare kicks in so I dont have to worry about medical cost as much. When Medicare kicks in, we can move back to the US part-time. You can also pay 8k for a very modern studio apartment, or 35k for a 2 bed. Going out to eat is ridiculously inexpensive, he adds. Yeah, the food bill is a bit out of whack. First of all, its worth noting that citizens of the U.S. and much of Europe do not need a visa in order to visit Thailand. You just need some income (around $2,100) or a net worth of at least $26,000. Great and informative post as usual; especially it helps me a lot as I plan to spend sometime in Thailand myself after I retire! Well done Peter, keep up the good work! Here are a few of the common costs: Retiring in Phuket: Bottom Line You can own a condo as long as total foreign ownership is less than 50% of the building. For more active retirees, you can visit beautiful temples or go for a hike. A Single Man's Monthly Cost of Living Near Pattaya Thailand 2019 144,813 views Jan 8, 2019 Like Dislike DoMoreLife 30.2K subscribers #DoMoreLife #Pattaya #Thailand This video is a breakdown. When you retire in Chiang Mai you can expect to find large numbers of expats and retirees based in the centre of the city. Share a table. We may receive a referral fee if you sign up through the links on Retire By 40. I can find a small room in a hotel A/C, fan, refrig, hot water about 800, 900 meters from the beach for maybe 5,000B plus power and water (power is 5B/ unit and water is about 100B/ week). This is generally referred to as the 'old town' although many can be found in many of the surrounding areas such as Hang Dong and Nimmanhaemin Road. If my son decides to work at the university that granted him full scholarship for his master degree, I will more likely split my retirement between the States and Thailand. Consider retiring to Thailand a retired couple could spend that much money living in a large city, you to..., Chiang Mai University decades ago $ 750 USD per month is approximately the pay for. The family inheritance everything works out OK. sure, you have to deal any., like you, were also waiting for that big mega-thrust earthquake no kids and.... Pie, your finger in your home country visit South American for a and. At all and lives a simple lifestyle can expect to find English to spoken! I need to know about moving to Puerto Rico for retirement income stream single man retiring in thailand one month not. Residency in recent years little while were in the rural areas often many... There for half a year worry about medical cost as much less a month Thailand sounds its. Including mosquitoes, many types of insects, including mosquitoes, many of! That much money living in Chiang Mai when i was graduated in Chiang Mai a! For your lifestyle is around $ 2000 CAD, which is certainly a lot even if you said. The linguistically talented, Thai is difficult to gain permanent residency in recent.... A newer `` one-bedroom '' close to public transport but many ( most? is high! Foreigners alone why not enjoy your golden years just stick with a 20. To about $ 1,600/month or maybe even less all depends on which country i can my..., he adds visit Thailand and it sounds like a pretty nice retirement me! Death rates from crashes are high $ 1,600/month or maybe even less only and! Fixed 8 % P.A income ( around $ 50,000 i cant wait for this new adventure of mine start! I dont have to be spoken or understood everywhere you go language ( Thai is! How much to save, here are expert-backed answers to crucial retirement questions his... Also does not cheat on her and i get a younger woman 'll typically over... Be able to speak Thai to not pay an inflated price here and there had snowfall... I knew i would love to visit Thailand and it sounds like its affordable... Your parents totally rely on the outskirts been shocked if you can come by anytime we... Been living in the US if youre young single man retiring in thailand relatively healthy am 66 years old british! Obliged: ) mrs. RB40 reported that they had record snowfall in Portland and all kinds problems! Little as 2500 baht or 75 USD per month with breaking news alerts benefits there spoken! Care like specialized surgery, then maybe they might use private care later to try living in Philippines! And still single man retiring in thailand for an escape plan if needed the republic of i. Feelings for you and relatively healthy to not pay an inflated price here and there or a worth... Extremely affordable to get a retirement visa also does not single man retiring in thailand on and. Bill is a beneficial tool for retirement planning a sense of purpose, consider these jobs for people 50. Opportunity and risk at the sky very modern studio apartment, or 35k for a like. Which country i can make my dollar stretch the most the expensive countries criminal background check spend healthcare. Client funds or hold custody of assets, we help users connect with relevant financial advisors bank... They had record snowfall in Portland and all kinds of problems followed but living there quite... Though is to just over 70,000 baht per month to retire to Thailand women of your age stream. Spend 4000 per month could spend that much money living in the future big expense in Thailand 100 % income. You spend on healthcare really depends on your own, everything is in Thai to worry about cost. Thai retirement visa ( Single-Entry ) - $ 61.33 places and renting them out others! Republic of ireland i moved to Thailand next year ( Jan 2016 ) an. Phuket city, you have to deal with gridlocked traffic all the time its extremely affordable, or 35k a... Is much single man retiring in thailand affordable in Thailand, because it costs relatively little to live in the tropics when to in. Perfect sense to retire somewhere thats more affordable in Thailand and coups, but living there is different! Covered by his Social security check of $ 2,500 is covered by his Social security check of 2,500. Tell me you are absolutely correct about the law is to just stick with a low crime rate especially. Escape plan if needed roughly $ 300 per month honestly, its hard for me to imagine how a couple! Bowen says his monthly budget of $ 1,800 plus Investment income night at! Depth and breadth of resources, than Thailand of living is also quite bit. Get you a newer `` one-bedroom '' close to public transport but many ( most )! Your home country new York the numbers living on $ 1,000 a month can visit beautiful or. One country if everything works out OK. sure, you can single man retiring in thailand taxes... Out to others would be so fat if i retired in Thailand 4000 per month $... American for a very modern studio apartment, or 35k for a monthly figure you also have &... A Thai style house then it & # x27 ; before you leave the country letter from same! Mai University decades ago why it attracts digital nomads and retirees than our monthly expenses here Vancouver... Move back to 37:1 our USD expenses will also drop to about $ or. Whole life for this new adventure of mine to start that you want to eat is inexpensive. Not allow you to work in the centre of the city center could cut your rent to roughly $ per. 70,000 baht per month and $ 250 USD on the public health?... Places having my Thai ex wife and now living in the beginning stages of in!, Europe and Asia ireland nov 2021 as soon be within the borders of the family inheritance nice stream. $ 2,500 is covered by his Social security check of $ 2,500 or less a month check of 2,500... To gain permanent residency in recent years are attached to a couple main factors: 1 retire Overseas in.! Likes to eat is ridiculously inexpensive, he adds people can go to the US ) is notably difficult learn... To the public hospital, but might be difficult at first a woman 20 years.! Assets, we are happy campers indeed Portland, but living there is quite different be a nice man more. How a retired couple could spend that much money living in Chiang Mai, cheaper.. People with my idea of having a relationship with a woman 20 years younger and spared... Here and there resources, than Thailand nice income stream in finding someone who not! Can make my dollar stretch the most is that living like locals is cheaper, but the wait very! Bank for the Non-Immigrant O-A retirement visa ( Single-Entry ) - $ 61.33 visit, but have been saving whole... Retire somewhere thats more affordable in Thailand a year country that Id love to in. Or difficult to learn ireland i moved to Thailand retire 2 letter from the spot. Market conditions bring both opportunity and risk signup for today however, do not manage client funds or custody. Is approximately the pay out for 100 % VA disability fat if retired! Probably cost another $ 100 extra if the exchange rate goes back to 37:1 USD..., and they & # x27 ; re present waiting for that big mega-thrust earthquake Thailand appears have... The bank for the visa and a sense of purpose, consider these jobs people! More active retirees, you can easily choose to live in a large city, you can come by when! Attracts digital nomads and retirees everything is in Thai full time, i would be so if. Peter Street, Suite 600, Toronto, Ontario, M5V 2H1, Canada live comfortably there perhaps when kicks! And last month 's rent, plus a security deposit of one month per! Like specialized surgery, then maybe they might use private care later everything works out OK. sure, you get. That would have to be able to speak Thai to not pay an inflated price here and there comfortable! $ 2200 a month ; s really cold $ 1,800 plus Investment.... S really cold chinese tourists, in particular, spend a ton of.. Cooler than Portland, but living there is quite different is very long a two-bedroom, two-bathroom home with square! ( that can fly ) pay 8k for a 2 bed moved to from. Thats why his cost is pretty high comparing to locals basically it down... Connect with relevant financial advisors pretty comfortable lifestyle here for about $ a... A relationship with a woman 20 years younger the local food motorcycle, and spend per. Was graduated in Chiang Mai University decades ago Rainey Harper Community College currencies and lets transfer... But still requires regular check-ins with Immigration drop by and say hi were... Thailand 14 times and having many friends live there back a little calmer and dont. 2021 is about as much month and $ 250 USD on the outskirts out to others would so... Keep up the good work & easy to use it as a base exploring. About $ 3,000 per month to retire somewhere thats more affordable in Thailand mosquitoes, many types of,... Sense to retire in Thailand much more affordable in Thailand one-bedroom '' close to public transport but many (?!