Can you retire on 1200 dollars a month in panama?

Question

Can you retire on 1200 dollars a month in panama?

Answer 1

Yes you can.

Answer 2

sure

Answer 3

For how many?  One, two, or a family of ten.  One, yes.  If you live frugally.  If you can do it in the US you can do it here.  Housing cost have gone off the charts in the last couple of years.  The place we are in is about 2000 sq ft and it sold for 199,000 asking price around 2005 now they are asking 280,000 for the same unit.  Effectively housing is the same as the US now.  However, everything else made or grown in Panama is still cheap.  So, if you have the ability to cash out on a house or condo then you will easily be able to live on your 1200 a month.  That is unless you need things like Ralph Lauren, or Liz Claiborne.  If you can be happy with name brands you don't know and stay away from US imports in general you should be fine.

Answer 4

YES! BUT WHY DO YOU WANNA GO THERE WHEN YOU CAN STAY HERE AND LIVE UNDER A BRIDGE IN NYC FOR 1200 A MONTH CONSIDER IT CAMPING AND SEEING WILDERNESS