HomeFAQ’sCost of Living in ThailandHow much does it cost to retire in Phuket?

How much does it cost to retire in Phuket?

The cost of living in Thailand may be lower than that of your home country, but this is dependent on your living style. You should therefore plan to live in Thailand on a budget of at least $1,500 per month, with $2,000 being a more reasonable benchmark.

This will allow you to live comfortably without breaking the bank. It is possible to live on a lower budget of $1,000 per month, however, this may be challenging. If you are able to afford a budget of $5,000 per month, you can expect a luxurious lifestyle. In general, most people wish to maintain a similar standard of living as they did prior to retirement.

However, studies have shown that unexpected financial difficulties may arise, leading to a depletion of savings earlier than anticipated. It is therefore recommended that you establish a detailed retirement plan and begin saving regardless of your age.

This plan should include considerations such as your expected retirement age, the desired lifestyle during retirement, the anticipated cost of living, sources of income, level of risk associated with potential income sources, and strategy for meeting your goals.

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