Thanks for the video, If I have to live in Thailand forever in my early 50s now, at least $3K on monthly pension will be enough PLUS $100K of savings for emergency. I used to live in Pattaya for 6 months of 2023 and I budgeted that amount. Back in Cali working & planning to retire around 2026.
Do not forget you have to put 800,000 baht held in a Thai bank for a one year visa. There also is mandatory health insurance. Thailand now talking about taxing all transfers and pensions. If BRICS becomes reality many nations, EU, US ect will refuse to convert into the BRICS plastic card as currency will cease to exist in BRICS member countries.
You’re getting ahead of yourself. First, Thailand is not yet a full member of BRICS. Also, the law on taxes hasn’t changed and NOBODY from the government has said anything about taxing ALL incoming deposits. There are ways around this even if they did. Mandatory health insurance? Only on the O-A visa. If you have $200k the 800,000 baht is no problem. Hopefully you’re smart enough to leave whatever money might be left in the bank to a beneficiary.
Having some remote income when retired, maybe just 10 hours a week or something, can make a massive difference if you're living in SE Asia. I don't think I will ever have a big savings, but I feel there are other ways to achieving an early (semi) retirement overseas. Good topic and video
Not many people are coming there with that kind of savings, they would be lucky coming with fifty thousand in savings, I’m going to have fifteen hundred a month SS, with hundred thousand in savings, I’m seventy and still working, quite healthy and workout five days a week. I didn’t do all the necessary things to retire comfortably, but I don’t live above my means and of course I don’t party anymore, I’m looking forward to giving up going to work and Thailand seems to be an ideal destination for what I’m looking for, so 2026 God willing I can make it happen. Good video !
America is quite brutal. I arrived in New Zealand in 2010 with only 5k in my name, after cashing on my retirement contribution from the country i was in. 15 years later, if I was to liquidate my assets I could probably scrape together maybe 200k. You would think somebody born in the richest country would have lots saved at 60 or at least a fat equity in their home. I guess it's the divorce ?
Some people would stay in the US - believe that. Some are scared to leave, some don’t want to leave their friends and family and would rather live with their family.
I have heard or seen video of people coming with 10k and only ss. Heck a Brit in Mindanao, Philippines went there with like 10k and no pension. But I guess that's too optimistic of him
Nice video! Yes, with 200k nest egg is good but with social security. Then if you like Thai food, modest apt, and no bar girls life could be peaceful. I'm turning 57 soon, starting to plan
200k combined with 1500 dollars per month SS .. PLUS .. Buy a Condo for 50 grand. No Rent payments. Buy a used Toyota truck and motorcycle for 20 grand. Stay clean and sober.. You're off to the Races living like a King. BTW.. I've been in Thailand 30 years and my name is Scott 555 66 years old.. Training muay thai every other day since 2006. Started a charity in Buriram 12 years ago. I drive up once per month with supplies.. cheers mate
My friend has an old age pension. and I think he had 100K in the bank. Though without the pension no where near enuf. with the pension you can live adequately only
Planning on a Thai Retirement Visa later this year.. Sell everything along with 500k savings should get me around 800k usd. Conservatively invest 700k, stash 100k for emergencies.. add my SSDI.. I could get along ok.
@@DesDeNova-USA I am Canadian and about exactly same numbers as you. Will keep a good medical / emergency of say 5 million baht liquid so I sleep well 😴 😊
For the broke Canada gives about $1 300 cdn and free medical with subsidized rent to what you can afford so if heading into 65 years old Thailand presents risks if you do not have reserve finance
@@pryingi the streets back in the US on $500/month + food banks. A lot of people living in cars and vans because they can’t afford sticks and bricks housing.
How much you made and contributed determines how much you make from social security. Some people, a small percentage, do not receive anything. For example, a housewife or house husband who may not have contributed enough to the fund. I am not including social security and this makes the question irrelevant. Also, not everyone gets a “pension” from their government or it may be quite small.
Yes that's true but most retirees Are getting between 700 to 1000 A month that could supplement The 200k in savings at 62 That should get them up to Around at least 1500 month Total where they could have A nice retirement
Again, this is assuming NO SOCIAL SECURITY. 200k, that’s it, from 60. Not everyone is American receiving social security. And $700-$1000 a month is peanuts from social security. As of November 2024, the average monthly Social Security check for retired workers was $1,925.46.
Of course $200k including social security should work. Some people may not have any social benefits - and some have no savings. $200k without a safety net such as social security - forget about it. Existing. Even $300k is not much, especially if you have a GF or wife.
@@anamericaninbangkok Agree....but thats the course we are on at the moment.....could be even more..40%? 35 trillion in debt and climbing...doesn't ever end well
No it is not enough. 200.000 alone bring after tax 8.000 Euro not enough 300.000 are 12.000 or 1.000 a month. Realy you needv2.000 till 2500 per month so 750.000 make you safe.
you need an annuity now worth $418,000, earning 4%, to withdraw $2000/mo for 30 years. you need to invest $610mo, earning 4%, for 30 years to arrive at $418,000.
Whatever kind of money you have saved up, you might as well just pretend like $23,000 of it doesn't exist. That's approximately how much money you need to maintain in a Thai bank to keep your retirement visa. Also, you need to buy a car if you want to live a decent life here. So subtract another $20,000 - $50,000. Also, set aside about $100,000 for out-of-pocket healthcare for the duration of your retirement. And maintain health insurance for the younger years of your retirement. Once you get over 70, it will be impossible to find affordable health insurance. Whatever you have left over you can withdraw anywhere from 4 to 6% a year and probably not run out of money for the rest of your retirement. So I think a total of $750,000 plus social security, you can live well, even if you take care of a wife.
I’ve been with my wife 25+ years. We have a house - it was her mother’s. I have no problem buying a house for us. If something were to happen, I wouldn’t care because I know my kids would always have a place and it wouldn’t hurt me financially. Personally I don’t want a condo because I don’t want to have people living above, below or next to me. For young guys just coming here or who just hooked up years ago, it’s stupid of them to get anything in the woman’s name.
You must have an emergency plan in Thailand. You can live here as a single person for $1000-$2000 a month but you must have savings. Plenty of farang here who didnt plan or blew up the account and are just getting by. They then tend to try to scam newcomers. However, 200k in Thailand is better than 200k in the USA.
"They then try to scam newcomers?" WTF are you on about? Total bullshit post. Funny I literally know hundreds of people here and none of them are scammers.
if you have Social Security, you probably could make it. The problem is you don't have health insurance. As you get older, you cannot buy health insurance and foreign countries.
Probably Cambodia is a better choice for that budget, if you buy a peace of land and grow raise your own foods. Teach English to supplement your income. Live a simple single life. No fun at all.
Teaching English is NOT the way to go. I’ve been to Cambodia 55-60 times, sometimes for a month. I like Cambodia, the people but I definitely wouldn’t live there with my family.
No, You need 800k min at 50. at 60 . 600k minimum. If you are ploughing thru 20,000 dollars a year today, which offers a reasonable lifestyle, in 20 years, you will need 40,000 a year as the cost of living doubles every 20 years.
@@anamericaninbangkok Watch and Listen to the tubers that have lived in Thailand for 10/15 years. The ones living on a budget are scrawny and weak and dressed in cheap attire and kill their days out walking the streets of Pattaya recording anything and everything in the hope to make a dollar The ones that have the money are living a far better and fulfilling life, they look healthy and cleaner, they even shave daily. and get to go on lots of adventures. It goes up 1% for Thai Currency, when you adjust the figures to match the US and Convert to Baht, then cost of living is hitting 2% due to currency exchange rates and how they work. And when you are hitting 70, will you still be wanting to get around on a scooter, these are many things to consider as you age. You will need to live on a very tight budget for the first 10 years and then hope you have enough to last the next 10 years to cover the costs of old age medcial stuf.
I’ve lived in Thailand 30 years and frankly care only about myself. Whatever anyone else does or wants to do is up to them and none of my business. Believe me, when I’m 70, assuming I live that long, I’ll be just fine. We’re very comfortable.
$200,000 retirement at 60? - Well, at $1,000 per month that's 16.6 years, at $1,500 that's 11.1 years, and at $2,000 that's 8.3 years... So, best case scenario if you plan to live beyond 76.6 years old (which is likely) than you will surely run out of money. ( $1,000 per month is just surviving!).
Yeah, I found it helpful exploring that one source of income alone. I have a little more than $200k that affords me $500-700 a month. It's my Social Security that covers most living expenses.
Strategy is important. Use the 200k USD and put it into a high dividend ETF. For example 200k in SCHD will net 24k the first year and increase through a drip scenario yearly. This type of strategy enables your to make money and increase that 200k over time. Don't just move there and spend the money. Dividends are the way. If that money, 200k, was in SCHD and not touch for 20 years, you'd have a whopping $2,122,099
@@Kenelm-q1e Value vs income! You cannot spend value unless you sell the stock. If you are in the dividend game, like me, once you buy a dividend stock you never sell it. As long as the stock provide a dividend and the fundamentals are good such that the stock continues to increase the dividend, dividend kings or aristocrats, who cares about value.
Very good video. Im 42 single no kids never married. Im saving my $ hard as i can to move too Thailand r the Philippines. America is a mess and all about $.
Do you live here? I’m not only 62 but I know people who are in their 70s and 80s and are still kicking with few problems. I will say that for me, the air pollution and canal pollution is what I dislike the most in Thailand. There are a few places where the air is pretty good but not in any of the tourist areas. Pattaya, Hua Hin, Phuket…sometimes decent to good but many times it’s shit.
@anamericaninbangkok Been living in Thailand for 9 years. I would say well over half the retirees die in their 60s. A few live into their 70s, but most of them go back to their home countries because of mounting healthcare costs in Thailand. Really don't know anyone in their 80s still living here.
So why are there Thais who live into their 70s thru say, 100 years old? They’ve been exposed far longer than most expats. Your post is ridiculous. Rubbish.
So a million bucks from the age of 60 is craps? IMO THATS a decent amount to live off from 60. It’s not from 20. $33k USD Aa year not including stock earnings. Here, it’s a decent amount.
I'm not talking about me. People in general. As I said, even $300K is not all that much. 50,000 baht a month is not great, it definitely does not give you the high life.
not enough if you like to fall in "love". Really I tire of this "how long is a piece of string" topic. I could make 200k last 20 years while some stupid mofo's would be parted from it in mere weeks or months. I find those that ask questions like this to be a bit stupid. Go...DO...and find out...or just sit and wonder and calculate and make plans. Scott...what color shirt should I wear tomorrow?
$200k for 20 years is about $825 a month. Shit. That’s existing IMO. But you are right, most people would piss it away in quick fashion. I knew one guy who pissed away 200k baht a month and then got ripped off for a few hundred thousand dollars. He left and never lived in Thailand again. I know another guy who pissed say $100k in 11 months. He left and never came back. He did go back and get a better job about $12k a month, a hot Viet chick and he ended up on his feet dong well.
If you fail to plan, you plan to fail. I went to my local hospital in Bkk yesterday for my annual full body check up, 13,000 baht. Im getting old and attention is needed to specific parts, teeth, estimated 2000 US, Eyes, another 700. 200K wont last 5 years once you start aging and need medical attention, unless of course you are content to ignore the signs your body gives you and just die off 10 years earlier than anticipated.
You can do it on $100k if you simply learn the wheel strategy writing options. Writing, not buying options. You can easily make 2% to 3% a month in interest income. If your really on it, you can make 4% to 5% Easy to do if you simply learn how it works. Also assuming you have health insurance to cover catastrophic events. Great video.
Dude, then you’re not going to live in the USA for more than 5 years on that amount. Just because you have the cash, good for you. Some of us don’t have big pensions and retirements. I don’t get this whole video.
@ ok big guy. Thanks for clarifying. Just a video out in space. Your whole premise is what? Don’t retire to Thailand unless you have $300k or did I miss something? Tell me your alternative, stay in the USA on that same (less than) $300k and become homeless faster? I’m not trying to be provocative, just trying to figure out what I just watched. What’s your point to this video? It’s a valid question to someone who posted a video for public consumption.
You are looking at this all wrong , why have 200k in just cash and spent out of the cash, put the 200k into a hybrid of Jepi and other high yield weekly/mothly paying ETFs….200k can provide you 1,5-2k a month
It is quite possible for anyone to enjoy a long fulfilling life on 200,000 here in Thailand step one when you first get off the plane you go find your condo and you buy it get rid of your overhead step two you buy some cryptocurrency step 3 you have your Social Security transfer directly over to a Thai Bank. Your condo shouldn't cost you more than a hundred thousand that would leave you with 100,000 Surplus once you paid off your condo you have no overhead you got a hundred thousand that you can invest in cryptocurrency plus you have your Social Security paying you every month😅😅😅😅
I didn’t say anything about social security. Americans probably have it but others may not. $200k, that’s all you have to make it. I definitely wouldn’t bank on crypto.
Thanks for the video, If I have to live in Thailand forever in my early 50s now, at least $3K on monthly pension will be enough PLUS $100K of savings for emergency. I used to live in Pattaya for 6 months of 2023 and I budgeted that amount. Back in Cali working & planning to retire around 2026.
$1000 is survival. $1500 is living. $2000 is the sweet spot. $3000 living well/comfortable. Don’t forget inflation at the minimum 2-3% per year.
Inflation in Thailand is .8-1%
Do not forget you have to put 800,000 baht held in a Thai bank for a one year visa. There also is mandatory health insurance. Thailand now talking about taxing all transfers and pensions. If BRICS becomes reality many nations, EU, US ect will refuse to convert into the BRICS plastic card as currency will cease to exist in BRICS member countries.
You’re getting ahead of yourself. First, Thailand is not yet a full member of BRICS. Also, the law on taxes hasn’t changed and NOBODY from the government has said anything about taxing ALL incoming deposits. There are ways around this even if they did.
Mandatory health insurance? Only on the O-A visa. If you have $200k the 800,000 baht is no problem. Hopefully you’re smart enough to leave whatever money might be left in the bank to a beneficiary.
@@sonhuynh8222 yes
more like $800 survival, $1000 living, $1500 sweet spot, anything above $2000 is very well.
$200k with Social Security of around $1-1.2k is sufficient. $1.2k SS and $800 withdrawal from your capital for a $2k budget.
Sufficient... hahaha 🤣
Yo Dana White is back! for some reason none of your videos have appeared in awhile since I subbed, looking forward to this budgeting video
These are definitely the videos I really loved watching from you.
Cheers scott!
Having some remote income when retired, maybe just 10 hours a week or something, can make a massive difference if you're living in SE Asia. I don't think I will ever have a big savings, but I feel there are other ways to achieving an early (semi) retirement overseas. Good topic and video
Hard to find remote work though especially when older 😢
Not many people are coming there with that kind of savings, they would be lucky coming with fifty thousand in savings, I’m going to have fifteen hundred a month SS, with hundred thousand in savings, I’m seventy and still working, quite healthy and workout five days a week. I didn’t do all the necessary things to retire comfortably, but I don’t live above my means and of course I don’t party anymore, I’m looking forward to giving up going to work and Thailand seems to be an ideal destination for what I’m looking for, so 2026 God willing I can make it happen.
Good video !
Good luck. Been here 30 years and I’m not going anywhere. In a few years we may live part-time in South America or Europe but we’ll see.
America is quite brutal. I arrived in New Zealand in 2010 with only 5k in my name, after cashing on my retirement contribution from the country i was in. 15 years later, if I was to liquidate my assets I could probably scrape together maybe 200k. You would think somebody born in the richest country would have lots saved at 60 or at least a fat equity in their home. I guess it's the divorce ?
I guess you should look up what the average American has in their bank account.
Nice Viking boat t-shirt. 'liked'
$1,000 month living low budget in thailand or $1,000 a month living in the US on the streets, which would u choose?😮
Some people would stay in the US - believe that. Some are scared to leave, some don’t want to leave their friends and family and would rather live with their family.
@anamericaninbangkok They are crazy to stay in America. Its not gonna get any better.
@gif24gt60 Only a bum would have such low standards. Someone that broke needs to continue working.
Interesting video, Scott. I think 200k is definitely not enough.
I have heard or seen video of people coming with 10k and only ss. Heck a Brit in Mindanao, Philippines went there with like 10k and no pension. But I guess that's too optimistic of him
Agree
Nice video! Yes, with 200k nest egg is good but with social security. Then if you like Thai food, modest apt, and no bar girls life could be peaceful. I'm turning 57 soon, starting to plan
A plan is the key. Depending on how much your Social Security will be, even at an early filing age, may be adequate and use your nest egg as a top-up.
200k combined with 1500 dollars per month SS .. PLUS .. Buy a Condo for 50 grand. No Rent payments.
Buy a used Toyota truck and motorcycle for 20 grand. Stay clean and sober.. You're off to the Races
living like a King. BTW.. I've been in Thailand 30 years and my name is Scott 555
66 years old.. Training muay thai every other day since 2006. Started a charity in Buriram 12 years ago.
I drive up once per month with supplies.. cheers mate
Hi Scott. I just subscribed. If you don’t mind me asking , how old are you now ? I love your videos !
Thanks for subscribing. I’m 62.
@ thanks, Scott. All the best to you and your family.
My friend has an old age pension. and I think he had 100K in the bank. Though without the pension no where near enuf. with the pension you can live adequately only
Happy New Year Stephen!
Planning on a Thai Retirement Visa later this year.. Sell everything along with 500k savings should get me around 800k usd. Conservatively invest 700k, stash 100k for emergencies.. add my SSDI.. I could get along ok.
put your stash into vanguard for fidelity, they give 4.2 to 5.1% a year on your cash pay monthly.
@@DesDeNova-USA I am Canadian and about exactly same numbers as you. Will keep a good medical / emergency of say 5 million baht liquid so I sleep well 😴 😊
I retired at 50 with 900k, have lived in Bkk for 6 years now and with the cash invested, I now have 1.1 mill, I spend about 20,000 US a year.
@@BangkokBurbs you can spend a lot more than that. Live a little..555
I know some people that live on 500...but it's horrible...but it can be done...and hope u don't get sick
@@ThaoNguyen-jv4up some people don’t have a choice. Can you imagine what that person’s life would be in the West living on 500?
For the broke Canada gives about $1 300 cdn and free medical with subsidized rent to what you can afford so if heading into 65 years old Thailand presents risks if you do not have reserve finance
@@pryingi the streets back in the US on $500/month + food banks. A lot of people living in cars and vans because they can’t afford sticks and bricks housing.
isn't that if you are US citizen then your SSA will kick in at 62 around $1,500 min depend on how much you pay in tax?
How much you made and contributed determines how much you make from social security. Some people, a small percentage, do not receive anything. For example, a housewife or house husband who may not have contributed enough to the fund. I am not including social security and this makes the question irrelevant. Also, not everyone gets a “pension” from their government or it may be quite small.
Yes that's true but most retirees
Are getting between 700 to 1000
A month that could supplement
The 200k in savings at 62
That should get them up to
Around at least 1500 month
Total where they could have
A nice retirement
Again, this is assuming NO SOCIAL SECURITY. 200k, that’s it, from 60. Not everyone is American receiving social security. And $700-$1000 a month is peanuts from social security. As of November 2024, the average monthly Social Security check for retired workers was $1,925.46.
How do you even put the $160K in stocks in the first place when you're an American in Thailand (or abroad)? And and 8% return? wow
Easy. You open the account while in the US. I have a phone number and address in the US and there is nothing illegal about it.
Are you a veteran?
Yes
@ thank you for your service
You’re welcome.
Dont forget social security. For US residents. You could live on $200k at 60 until your SS kicks in and then you should be ok?
Of course $200k including social security should work. Some people may not have any social benefits - and some have no savings. $200k without a safety net such as social security - forget about it. Existing. Even $300k is not much, especially if you have a GF or wife.
in 2034 Social Security will take about a 20% reduction unless the Govt. fixes the issue.
Nothing is certain in life and that goes for a 20% decrease of social security.
@@anamericaninbangkok Agree....but thats the course we are on at the moment.....could be even more..40%? 35 trillion in debt and climbing...doesn't ever end well
Rubbish. It is not going to happen. Any cut would be political suicide and would set the masses off.
No it is not enough. 200.000 alone bring after tax 8.000 Euro not enough 300.000 are 12.000 or 1.000 a month. Realy you needv2.000 till 2500 per month so 750.000 make you safe.
Thank you Scott
200k, 10 years, if your lucky
Nice one 👍
Living on US$3800 a month on the west coast of Mexico. Wife do not want to live too far from The US otherwise I would be in Southeast Asia.
Who needs a wife when there are so many ladies in SEA 😂?
@@moi20003 are you a veteran?
Live where you can afford and happy is the bottom line.
Enjoy life 🎉
@@smileoften-ft3hq True that!
@@rein3684 No, I am not.
you need an annuity now worth $418,000, earning 4%, to withdraw $2000/mo for 30 years. you need to invest $610mo, earning 4%, for 30 years to arrive at $418,000.
the real question is, how old are u? if you are 80 i think 200k is enough, if you are 50 i dont think is enough
As I said in the video, the start age is 60.
If you want to make a small fortune in Thailand go with a large one
I'm not sure Buzzin is exception to the Rule😂😂😂😂
Whatever kind of money you have saved up, you might as well just pretend like $23,000 of it doesn't exist. That's approximately how much money you need to maintain in a Thai bank to keep your retirement visa. Also, you need to buy a car if you want to live a decent life here. So subtract another $20,000 - $50,000. Also, set aside about $100,000 for out-of-pocket healthcare for the duration of your retirement. And maintain health insurance for the younger years of your retirement. Once you get over 70, it will be impossible to find affordable health insurance. Whatever you have left over you can withdraw anywhere from 4 to 6% a year and probably not run out of money for the rest of your retirement. So I think a total of $750,000 plus social security, you can live well, even if you take care of a wife.
If you live in Bangkok you definitely do
not need a car. Grab, Skytrain, Subway, motorcycles…all quick and easy.
@@anamericaninbangkokyes, true about Bangkok.
Bangkok, Phuket, Pattaya, Chiang Mai and Kanchanaburi - perhaps a few others. No vehicle necessary.
@anamericaninbangkok I can not imagine not owning a car. It's a huge convenience.
You look at it as an inconvenience. I call someone up 5-10 minutes before I want to leave and they chauffeur me to wherever I want to go.
What about buying a house though Thai wife small land with house
Easy to do with $200k - even half that - but then what do you live off?
rents are falling in S.E Asia, no point in taking the risk to buy.
extremely stupid - buy condo on you name house can only be on wife's name
I’ve been with my wife 25+ years. We have a house - it was her mother’s. I have no problem buying a house for us. If something were to happen, I wouldn’t care because I know my kids would always have a place and it wouldn’t hurt me financially.
Personally I don’t want a condo because I don’t want to have people living above, below or next to me.
For young guys just coming here or who just hooked up years ago, it’s stupid of them to get anything in the woman’s name.
Social security will help
You must have an emergency plan in Thailand. You can live here as a single person for $1000-$2000 a month but you must have savings. Plenty of farang here who didnt plan or blew up the account and are just getting by. They then tend to try to scam newcomers. However, 200k in Thailand is better than 200k in the USA.
200k almost anywhere is better than the USA
"They then try to scam newcomers?"
WTF are you on about? Total bullshit post. Funny I literally know hundreds of people here and none of them are scammers.
Not enough
if you have Social Security, you probably could make it. The problem is you don't have health insurance. As you get older, you cannot buy health insurance and foreign countries.
No way you can live with $200K in 2025. Inflation is just too high
Probably Cambodia is a better choice for that budget, if you buy a peace of land and grow raise your own foods. Teach English to supplement your income. Live a simple single life. No fun at all.
Teaching English is NOT the way to go. I’ve been to Cambodia 55-60 times, sometimes for a month. I like Cambodia, the people but I definitely wouldn’t live there with my family.
No, You need 800k min at 50. at 60 . 600k minimum. If you are ploughing thru 20,000 dollars a year today, which offers a reasonable lifestyle, in 20 years, you will need 40,000 a year as the cost of living doubles every 20 years.
The cost of living in Thailand goes up about 1% a year.
@@anamericaninbangkok Watch and Listen to the tubers that have lived in Thailand for 10/15 years. The ones living on a budget are scrawny and weak and dressed in cheap attire and kill their days out walking the streets of Pattaya recording anything and everything in the hope to make a dollar The ones that have the money are living a far better and fulfilling life, they look healthy and cleaner, they even shave daily. and get to go on lots of adventures.
It goes up 1% for Thai Currency, when you adjust the figures to match the US and Convert to Baht, then cost of living is hitting 2% due to currency exchange rates and how they work. And when you are hitting 70, will you still be wanting to get around on a scooter, these are many things to consider as you age. You will need to live on a very tight budget for the first 10 years and then hope you have enough to last the next 10 years to cover the costs of old age medcial stuf.
I’ve lived in Thailand 30 years and frankly care only about myself. Whatever anyone else does or wants to do is up to them and none of my business. Believe me, when I’m 70, assuming I live that long, I’ll be just fine. We’re very comfortable.
Plenty enough, to live in a village if you can hack it (I can't)
Well, I not have $200k but I have about $4,250 a month income.
income and social security are not the same..
@lmimssoi6978 No, I don't receive S.S. at my age.
@@expat3572 are you a veteran?
@@rein3684 Yes, I did a brief 4 year term over 10 years ago.
No. Need like 800K
$200,000 retirement at 60? - Well, at $1,000 per month that's 16.6 years, at $1,500 that's 11.1 years, and at $2,000 that's 8.3 years... So, best case scenario if you plan to live beyond 76.6 years old (which is likely) than you will surely run out of money. ( $1,000 per month is just surviving!).
@rlwings true but of course the nest egg would still be earning interest
@@GUITARTIME2024 Forgot about that. :)
If the person is american and qualifies for social security 200k is more than enough. This is fear mongering
Not everyone is American. Nowhere did I say anything about SS. $200k, that’s it.
As a single guy, you can live a lot better off in Thailand on $1,500 than you could in the USA.
Yeah, I found it helpful exploring that one source of income alone. I have a little more than $200k that affords me $500-700 a month. It's my Social Security that covers most living expenses.
Strategy is important. Use the 200k USD and put it into a high dividend ETF. For example 200k in SCHD will net 24k the first year and increase through a drip scenario yearly. This type of strategy enables your to make money and increase that 200k over time. Don't just move there and spend the money. Dividends are the way. If that money, 200k, was in SCHD and not touch for 20 years, you'd have a whopping $2,122,099
High risk mean s Capital will 🌬️ up sooner or later.Today 12% is high risk.
@stevef7798 High dividend stocks lose their value over time. That's why most investors avoid them.
@Kenelm-q1e that's wrong. High value etfs do not. That's the purpose of an etf.
@@Kenelm-q1e Value vs income! You cannot spend value unless you sell the stock. If you are in the dividend game, like me, once you buy a dividend stock you never sell it. As long as the stock provide a dividend and the fundamentals are good such that the stock continues to increase the dividend, dividend kings or aristocrats, who cares about value.
@@stevotropics how do i find a good etf broker ? im interested
Very good video. Im 42 single no kids never married. Im saving my $ hard as i can to move too Thailand r the Philippines. America is a mess and all about $.
No retired man in Thailand will live much past age of 70 because of the air quality.
Do you live here?
I’m not only 62 but I know people who are in their 70s and 80s and are still kicking with few problems. I will say that for me, the air pollution and canal pollution is what I dislike the most in Thailand. There are a few places where the air is pretty good but not in any of the tourist areas. Pattaya, Hua Hin, Phuket…sometimes decent to good but many times it’s shit.
@anamericaninbangkok Been living in Thailand for 9 years. I would say well over half the retirees die in their 60s. A few live into their 70s, but most of them go back to their home countries because of mounting healthcare costs in Thailand. Really don't know anyone in their 80s still living here.
absolute rubbish
Air quality??? How's about cancer and stress where you are???
So why are there Thais
who live into their 70s thru say, 100 years old? They’ve been exposed far longer than most expats. Your post is ridiculous. Rubbish.
500-1mill don’t do it to yourself
Stress and crap living no thanks
So a million bucks from the age of 60 is craps? IMO THATS a decent amount to live off from 60. It’s not from 20. $33k USD Aa year not including stock earnings. Here, it’s a decent amount.
@ no the 2-300k is crap you want 500-1mill 🤣
I'm not talking about me. People in general. As I said, even $300K is not all that much. 50,000 baht a month is not great, it definitely does not give you the high life.
@@anamericaninbangkok ok 👌
Not in Bangkok
not enough if you like to fall in "love". Really I tire of this "how long is a piece of string" topic. I could make 200k last 20 years while some stupid mofo's would be parted from it in mere weeks or months. I find those that ask questions like this to be a bit stupid. Go...DO...and find out...or just sit and wonder and calculate and make plans. Scott...what color shirt should I wear tomorrow?
$200k for 20 years is about $825 a month. Shit. That’s existing IMO. But you are right, most people would piss it away in quick fashion.
I knew one guy who pissed away 200k baht a month and then got ripped off for a few hundred thousand dollars. He left and never lived in Thailand again.
I know another guy who pissed say $100k in 11 months. He left and never came back. He did go back and get a better job about $12k a month, a hot Viet chick and he ended up on his feet dong well.
If you fail to plan, you plan to fail. I went to my local hospital in Bkk yesterday for my annual full body check up, 13,000 baht. Im getting old and attention is needed to specific parts, teeth, estimated 2000 US, Eyes, another 700. 200K wont last 5 years once you start aging and need medical attention, unless of course you are content to ignore the signs your body gives you and just die off 10 years earlier than anticipated.
40k a year..........ok
No
Depends on your ROI I could make 30% on 200k and never run out of money.
You can do it on $100k if you simply learn the wheel strategy writing options. Writing, not buying options. You can easily make 2% to 3% a month in interest income. If your really on it, you can make 4% to 5% Easy to do if you simply learn how it works. Also assuming you have health insurance to cover catastrophic events. Great video.
LOL no you cant
looks like an AI scam/bot
what is the wheel strategy?
There is risk to that strategy
@@dawsonmp123 maybe you can't. But you can learn.
Dude, then you’re not going to live in the USA for more than 5 years on that amount.
Just because you have the cash, good for you. Some of us don’t have big pensions and retirements.
I don’t get this whole video.
I'm not talking about me pal.
@ ok big guy. Thanks for clarifying.
Just a video out in space.
Your whole premise is what? Don’t retire to Thailand unless you have $300k or did I miss something?
Tell me your alternative, stay in the USA on that same (less than) $300k and become homeless faster?
I’m not trying to be provocative, just trying to figure out what I just watched.
What’s your point to this video?
It’s a valid question to someone who posted a video for public consumption.
It’s a hypothetical question. Someone left a comment for me saying if I had $100-$200k I could live here the rest of my life.
You are looking at this all wrong , why have 200k in just cash and spent out of the cash, put the 200k into a hybrid of Jepi and other high yield weekly/mothly paying ETFs….200k can provide you 1,5-2k a month
It is quite possible for anyone to enjoy a long fulfilling life on 200,000 here in Thailand step one when you first get off the plane you go find your condo and you buy it get rid of your overhead step two you buy some cryptocurrency step 3 you have your Social Security transfer directly over to a Thai Bank. Your condo shouldn't cost you more than a hundred thousand that would leave you with 100,000 Surplus once you paid off your condo you have no overhead you got a hundred thousand that you can invest in cryptocurrency plus you have your Social Security paying you every month😅😅😅😅
I didn’t say anything about social security. Americans probably have it but others may not. $200k, that’s all you have to make it. I definitely wouldn’t bank on crypto.
@@anamericaninbangkok me neither. how would you live with +/-$10,000 USD steady income per month?
@@moneymachinegun8574 Oh yeah, there's your answer, buy cryptocurrency, let's gamble, that's a great idea.
That’s plenty of money in Thailand .
Explore investment in crypto, those main coins not those meme ones. Your life will be transformed.
At age 60, you can earn about $660/month per 100k for life with an annuity but you lose the principle ...