Is there any where in the world i can retire on $500.00 a month?

Question

Is there any where in the world i can retire on $500.00 a month?

Answer 1

Yes.

But the real question is: can you retire WELL on $500/mth?

Answer 2

Sure, lot's of places, but they all have crappy health care.  So as long as you're healthy, go for the Third World lifestyle!

Answer 3

i think from reading all the other replies - pretty much if you want to live in the USA you'll never make it on $500.00 per month.  I know people who spend close to that just on their medications and it costs YOU over $2,000. per year for Medicare.  Mmmmm something to really think about.

Answer 4

Japan.

Answer 5

Nicaragua. And, you could have a maid!

Answer 6

Actually Thailand, I am thinking of heading there myself to retire,

I am not really retiring age but decided why wait!

There is free health  care and it is actually quite good, the food is delicious and will cost about $2.00 a day.......housing you can find from $100.00 a month, quite quaint....., the people are wonderful, the scenery spectacular.  

It gives a new perspective in life, away from so much materialism!

You must go north however....Chiang Mai and surroundings!

Answer 7

The Philippines maybe?

Answer 8

egypt. 500 USD equals about 3000 Egyptian pounds. it should be sufficient for one/two ppl a month to live hmmm modestly well (compared to if u were at the US). although the average family income is more or less 400 Egyptian pounds/month depending on your location. Upper egypt (southern part..like near state of minya) is poorer and hotter in temp. life would be very crowded and noisy... the hospitals..i wouldn't call it a hospital, more like a poorly maintained homeless shelter.

Answer 9

Probably Mexico. Don't expect the same level of service and comfort you could get for 10 times that in the U.S. though.

Actually you could do it in the U.S. too, by living on the street. So you need to specify all kinds of other details for a realistic answer, like what kind of house you would live in and what kind of food you would eat and what kind of medical care you would want and so on. If you don't need much, living can be really cheap.

Answer 10

Zimbabwae.  I bet they'd convert your $500 into one of those fancy 10 millions dollar Zimbabwe bills that they have now thanks to Mugabe.

http://www.zimbabwesituation.com/

Seriously though, if you like the creature comforts that you have now, it's doubtful in the US.  Unless you really want to put a lot of your own labor into growing/harvesting your own food, building your own house off of the land (sod, hand sawn lumber), and heating your house some how....  Not to mention transportation if you don't have everything you need nearby...

Answer 11

yes, Anywhere in Africa. From what I have been told $100 is like $1,000,000 to them.

Answer 12

China.

There are many places in the world you can live well on 500 dollars per month, if you are willing to give up most of the conveniences of North American living.  Most people don't live like us.

Answer 13

Burma. a dollar can feed people there for like a month. only problem is there's no electricity, no running water, and people live in little mud huts.

Answer 14

Costa Rica!