How much do you need to retire comfortably in Thailand by age?

Mar 6, 2024
9 months ago
Sam ********
ORIGINAL POSTER
How much is needed by age bracket to retire comfortably in Thailand?

Age 50-55 = $XXXk?

60-65 = $XXXk?

I ask because there was a post recently (another group) where a 52yo woman was planning to retire in Thailand with GBP 200k savings and GBP 1600/mth income.

To me that seems too small for retirement considering she may need that amount to survive another 30+ years.

What do you think, is that enough? Or much more needed?

(I'm thinking a minimum of $1000/mth is needed for a satisfactory, stress-free living)
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TLDR : Answer Summary
The amount needed for a comfortable retirement in Thailand varies significantly based on individual lifestyle choices, location, and personal circumstances. Responses in the community suggest a range from $1,000 to $3,000 per month as a general guideline for living comfortably. For example, one commenter indicated that GBP 1,600 per month coupled with GBP 200,000 in savings might be sufficient depending on lifestyle, while others argue that a more substantial budget is necessary to cover potential rising living costs and health-related expenses as one ages. In popular areas, living more luxuriously may require a higher budget. Overall, the consensus is that personal financial needs should align with one’s desired lifestyle and location.
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Steve *******
How long is a piece of string.if you want sensible responses you need to define your lifestyle, do you want to own or rent a hous/condo/car etc. Do you want medical Insurance. Do you want western food daily or thai, the list goes on and on. Not being diffult mate just realistic
Rod ********
F
Tulip ********
Do not forget the costs of being nursed with lung cancer. Almost certain to kill you here at your age because of burning season
Todd ***********
US $1,000 to $3,000
Michael *******
GBP 1600 per month is plenty, especially with £200k safety net. Look to live in Ekkamai or ONut if your in BKK, otherwise Hua Hin, Jomtien and Chang Mai are all reasonably priced too.
Terary **********
If you want to eat only rice and sleep on the beach, $50/month

If you want to live in a beach side condo and eat steak every day, $3000/month
Gary **********
£1600 a month is plenty to live here.
Евгений **********
Muchlis ********
Just cofuse with this sentences

"GBP 200k savings and GBP 1600/mth income.

To me that seems too small "

VS

(I'm thinking a minimum of $1000/mth is needed for a satisfactory, stress-free living)"

If u think £1600 too small for you, how $1000, will make u satisfy?
Jon ******
Depends what interest you earn on the 200k. I can survive basic on £25 per day. Depending on how comfortable you want to be it will go up from there. If you have no other income coming in it will be a stretch over 30 years but what the hell, life’s too short. Worry about it in 15 years 🙂
Andy ************
The usual bla bla back and forth. There’s a lot of variables the only the individual can figure out.
Don *********
As you grow older your health insurance premiums will rise - decent inpatient cover for a 50 year old will cost THB70k a year and will steadily rise year on year.

As most people have stated there is a huge range of standards and costs of living here.

GBP200k is about THB9m - in popular expat areas such as Phuket / Samui / Hua Hin that will buy you a house or decent condo and a new / near new car without any / much change.

GBP1600 is about THB70k per month. Say 10k for health and 15k per week for everything else. Depends what you like doing: a nice meal with wine can cost 2k-3k, a round of golf 2k-5k, a night in a cheap beer bar with food maybe 1k. A massage 300-700, an afternoon at the beach 500, an afternoon / evening at a beach club 3-5k, the list goes on.

So in summary I agree with you, the GBP200k/1,600 per month is a bit tight. Double that and you’re very comfortable, triple that and you’ll have a fantastic life
Wyn **********
£800 to £1000 a month for me and some savings as back up. Just keep the distractions under control.
Nikki ********
Does anyone know if I have

 $1700 a month and about 3000 in savings would I be able at 61 to live comfortably and  simply

CHINGMAI,

Koh samui?

I have no habits no drinking no smoking. I just like peace and quiet and beach. I am currently in the USVI. St Croix have no quality of life here anymore. They think they’re like the US USA charging ridiculous rents, ridiculous electric right now. I’m in a house that I watch, but I’ve always lived for 15 years in an affordable studio apartment different ones but all under $700 Now after the hurricane and lime tree and oil refinery, that’s all closed down. The rents are for a studio about $1000 a month just a room no divider nothing you have to possibly pay utilities on top of that. Some people are now starting to realize that’s just too much, but if they can get it, they’ll get it, I’ve never had a bedroom apartment ever in St Croix USVI and I’ve heard that you can get a cottage or one bedroom cottage for ฿14,500 is this true
Jae *******
Impossible to answer, location makes all the difference in terms of cost of living, plus everyone has a different idea of what a comfortable lifestyle is...
David *****
What's comfortable?
Josh *********
Two people can live comfortably on $700/month in a rural community, with home-cooked food, no car and no bars.
Tangerine *********
Your last sentence does not make sense.
Thomas ********
It also depends on how old you will get! If you drink plenty of alcohol you surely need more money - but you might pass away earlier which makes it easier to survive with the 200 K
Peter **********
Depends on the age you arrive and where you want to be. If you arrive at 50 in the poor areas then don’t worry about 60+. By then you’ll be all worn out by the local women… 🤣🤣🤣
Pertti *************
25.000.000฿ my guess for pocket money and may run out if you get health issues or live long.. 50.000฿ per month is good starting point for pocket money and then you think your housing and healthcare top of that. How long...
Sam ********
ORIGINAL POSTER
Thanks everybody (not you Paul), I got the answers I'm looking for 🙂
Oliver ********
How much you will need to retire depends much more on your lifestyle and future medical issues than anything specific to Thailand, especially for younger retirees as costs of living tend to converge across locations over time.

Many people have got caught out by deciding to retire in Thailand based on overly simplistic calculations, and then end up having to move to even poorer countries as living costs rise or return home due to uninsured healthcare needs.
Paul *********
Beg packer. Stay home
Sam ********
ORIGINAL POSTER
@Paul ********
STFU old bogan, I have more money than she does, just wondering what is the amount people require for retirement. Clown.
Cee *****
@Sam *******
don’t mind him…there are too many like him in this group: gate keeping retirees-turned-wannabe comedians mocking others while pretending they didn’t choose SE Asia for its low COL
Duncan ******
I'm retired ere and live on £1100 month! No problem omb 556
Robert ******
All about lifestyle but you can have a pretty good lifestyle on 1600pm without touching the capital
Stefan **********
I live very comfortably on about £1000 /
*****
Thai baht per month

But I do not drink alcohol or pay for bar girls…
Mark **********
@Stefan *********
yet you employ the term "living"?.......hmm......?
Nick *******
@Mark *********
and what is wrong with him saying living??
Mark **********
@Nick ******
It was but a joke. Go buy yourself a sense of humor.
Nick *******
@Mark *********
we have, obviously u yanks don't.
Mark **********
@Nick ******
Warning: emotional immaturity on display....
Nick *******
@Mark *********
don't worry ur get over it
Stefan **********
@Mark *********
I’m more into my health and fitness therefore do not drink, and have a willing girlfriend😂
Neil ********
Depends where you live and the life style you want. Her 1600 pounds is 2000 dollars and for a single person that is fair. I pay for 2, rent an apartment, run a truck and a scooter, live in BKK, support the family and travel. We do that on 3000 dollars a month plus the odd bigger spend.
Neil ********
Same cost if you are 50 or 70 but as you say you may live to you are 100
James **************
I've got less than that. And no monthly income
Shane ********
@James *************
do you live in Thailand?
Nick *******
Wasting your time asking that sort of question on here. Everybody has different lifestyles. You can live on as low as 15,000b a month or live comfortable on 50,000b a month.
Muchlis ********
@Nick ******
totally agree.

While some people will need more than 100k thb a month to live comfortably.

All depends on lifestyle
Harris **********
All depends on many factors, impossible question to answer because we are all individuals and require different needs and life style's, your probably better off coming over and spending time here then you will probably then have a fair idea what you're going to need.
Steven *********
Sound’s plenty to me. Especially if you live outside of Bangkok, Phuket etc
Brad *******
I would say $2k-3k month would be more than sufficient. And you could do it on less if you lived in a small studio vs a 1 br unit.

Of course, if you have a medical catastrophe you'd need some savings or good insurance.
Darren ******
All depends where U want to live , what U want to do , do U drink alot do U need bars.

I don't drink , I live in issan and just built a 2 bed house for £7k so no rent and me , my partner and daughter live fine on £1000 a month, alot better then in the UK.

These people who say £5 and £10k a month etc are full of .......
Frazer ******
@Darren *****
We just returned from Thailand after 3 months. We do have a home in Nonthaburi and have our own car, so we get away with some of the expenses. We do take a little vacation every month, like 3 - 5 days, depending on the location etc. This year we spent in the range of 125,000 baht for 90 days. We usely budget for around 50,000 bath per month.
Mark ************
Comfortably is subjective. 
Keith *******
1600 pounds a month and 200,000 pounds in the bank for a single person, plenty!
Sam ********
ORIGINAL POSTER
Good to know, thanks
Ruth *******
@Keith ******
and she was moving to Hua Hin…definitely enough unless she only eats western food.
Keith *******
@Ruth ******
even going out eating western food every night its plenty in my opinion
Sarah ******
VERY subjective question and will attract different responses based on people's lifestyles. I could quite easily live comfortably for my needs on that amount and even less. I don't smoke or drink anymore and I am no longer interested in eating at fancy restaurants, or one for glitz and glamour.
Sam ********
ORIGINAL POSTER
@Sarah *****
Thanks, yes I'm expecting some people will quote bigger figures but they expect to retire in Thailand with the same lifestyle and eating habits they had back home in Western countries.
John **********
Her income covers the financial requirements for a retirement visa. Depending on her lifestyle she could easily live on that without touching her capital
Garrett ***********
What? Why wouldn't 72k baht a month be enough to live on?
Sam ********
ORIGINAL POSTER
@Garrett **********
Just asking, that's all. I don't know and wanted to ask. I'm talking about retirement for 30+ years, for a 50yo. Assuming she doesn't own property and the income might only be temporary, then she might have to rely more on the 200k, but I'm wondering how long that will last. Plus the high cost of health insurance or emergencies that arise after the age of 70.
Nick ************
@Sam *******
go to Icon Siam and £200k could last around ten minutes. Depends on how you want to live doesn't it?
Ken ********
@Garrett **********
70 odd K is a great life in Chiang Mai im saving money easy street
Ashley *********
Gwen *********
@Ashley ********
if it’s invested properly, she could with draw the interest to supplement her monthly income. £1600 is 75,000 tbht per month plus … that’s not do-able?
Sam ********
ORIGINAL POSTER
@Ashley ********
Yes, I know the FX rates, I work in finance. The USD vs GBP isn't a big difference maker, I was referring more to the 200k of savings and how far that might go if the monthly income is uncertain or temporary.
Oliver **********
1600 gpb is more than twice that
Sam ********
ORIGINAL POSTER
@Oliver *********
yes, I know, but I'm referring more to the long haul of retirement for 30+ years, is the 200k sufficient, assuming the monthly income might only be temporary.
Oliver **********
@Sam *******
sorry but i think your post is unclear then. The last sentence is very misleading, draws the focus to income rather than savings
Gordon ************
Try $3000
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