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budgeting for retirement
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I am getting feedback that $2,800 USD per month is not enough money for a couple to retire in Chiang Mai Thailand. I'm 73 wife is 64. We're not party people. We have 2 dog and a couple of cats. We would like to rent a house in one of the moobans around Chiang Mai. Any thoughts?
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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