Sitting at home in Edmonton, Alberta, Canada on a -40 day, it can make exploring the idea of retirement somewhere warm with a beach and a beer quite attractive.
Where to go though?
I based mine on some pretty extensive searches….so you don’t have to.
This article really helped.
http://finance.yahoo.com/news/worlds-9-most-affordable-places-132700908.html
This website was a useful cost of living calculator
http://www.numbeo.com/cost-of-living
The finalists for me were :
Nha Trang Vietnam
http://money.usnews.com/money/blogs/on-retirement/2013/10/22/retire-in-the-new-vietnam
https://www.liveandinvestoverseas.com/retirement-living/retire-to-nha-trang-vietnam-jan-13-2011.html
http://owee58.com/2014/08/27/retire-in-vietnam/
Here’s a property Samson found in 5 minutes on tripadvisor $300 – $500 a month https://www.tripadvisor.ca/VacationRentalReview-g298085-d9731779-Studio_with_Seaview_Balcony_in_Foreigner_Area-Da_Nang_Quang_Nam_Province.html
Changmai and Chiang Rai for Thailand
(Remember $30000 = $1 million baht)
One problem he did find was that to retire in Thailand to get the 1 year Retirement Visa you had to be 50! Since he were only going to be 45 this made retiring and buying a house here before then not possible without constantly revisiting their visa/passport issues.
http://www.1stopchiangmai.com/living/cost/
The requirement for a retirement visa is 65,000 baht per month (about $2,000) or savings of 800,000 baht ($25,000) in a Thai bank account
http://www.chiangraitimes.com/how-much-money-do-you-need-to-retire-in-thailand-2.html
http://www.thaivisa.com/forum/topic/700145-retire-to-chiang-rai-compared-to-chiang-mai/
http://www.lannarealty.com/artistic-house-overlooking-mountains-899.html
$20 a night hotels
https://www.tripadvisor.ca/Hotels-g293917-Chiang_Mai-Hotels.html
Bangkok was still in the running .
http://www.thaiapartment.com/AboutUs.asp
Dumaguete (rhymes with spaghetti), Phillipines
http://liveinthephilippines.com/content/dumaguete-the-best-and-cheapest/
Manila hotels around $30 doesn’t seem to get you as much: But Air B and B had some interesting choices.
https://www.tripadvisor.ca/Hotels-g298573-Manila_Metro_Manila_Luzon-Hotels.html
http://www.tripadvisor.ca/Tourism-g616032-Dumaguete_City_Negros_Oriental_Negros_Island_Visayas-Vacations.html
http://www.livinginthephilippines.com/live-and-retire/living-like-a-king-in-the-philippines
http://money.usnews.com/money/blogs/on-retirement/2013/08/12/4-options-for-enjoying-the-most-affordable-retirement-on-earth
Loja or Cucena, Ecuador
Cambodia