How Much Money Needed
Many Thailand travelers dream of saying goodbye to their current situation of mortgages, routine bills, taxes and cold winters and moving to paradise. Some folks just do it without much thought of planning, but like me, it’s always nice to have a plan, so you can afford to live in Thailand.
The biggest factor is your age and current life expectancy determines how many years you have to support yourself. What is your general health, if you have a family history of some type disease this factor must be considered, this will help you determine how much to budget for healthcare.
Lifestyle is critical on how much you need to retire. I know folks that can live in Thailand for less than 30,000 Baht per month, the average is right around 75,000 – 90,000, this figure will be much higher if you plan to travel and spend a good portion on entertainment.
Most folks that I know, like some of my retired military friends find they can live pretty modest; have a small apartment or house, travel around on a motorbike and eat cheap food. Budgeting to eat is very easy to do, living of $5.00 USD per day for food is very common, if you like to enjoy the more lavish restaurants on a weekly basis, your food costs will go through the roof.
Testing the waters is the best thing you can do before you make your decision, my advice is come here for a month or two, keep a good log of all your expenses; food, entertainment, etc this will really help you out in your retirement planning success.