According to Fidelity Investments in 2012, those aged 55 and older had an average balance of $143,300 in their 401k account. But is this enough to retire on? Maybe not in the U.S., but retiring overseas can be much more affordable than retiring in the U.S.
Every time you turn around, another travel piece appears about Ecuador’s capital city, Quito. Mainstream travel writers, it seems, are just now discovering what we’ve known for years… that the city is a worthy destination that blends new and old in alluring ways. It doesn’t hurt that Quito is one of the world’s most affordable cities.
Retirement in the States is getting more expensive all the time. But in the right places overseas…you can upgrade your lifestyle and live better than you could at home for a small fraction of the price. We asked our editors from around the world to send in their monthly budgets. Read on for the 5 cheapest countries in the world to retire comfortably today.
Montevideo, Uruguay’s capital, intrigued me with its historic architecture, plazas, and café culture. Punta del Este, South America’s premier beach resort, awakened my senses, with its beautiful beaches and endless menu of activities. The Rocha region, with its palm tree-dotted prairies and pristine Atlantic beaches, filled me with primal wonder.