I'm currently living in one of the most expensive cities in the world, Vancouver, British Columbia, Canada. This got me thinking that instead of trying to save and earn more so that I can one day retire, I could retire earlier and live a better lifestyle in a more affordable city.
The fast lane to your retirement may lie in finding a locale that is more affordable than the place you're currently living. Of course it also needs to be close to family and friends, and provide the lifestyle you currently enjoy. You may not need to live all year round in your retirement getaway, but perhaps a few months a year.
I found this article in US News that lists the 9 most affordable places to retire overseas:
9 Affordable Places to Retire Overseas
I've summarized the locations and sorted them by the average monthly budget:
Rank
|
City
|
Country
|
Montly Budget
(US$)
|
1
|
Nha Trang
|
Vietnam
|
$650
|
2
|
Chiang Rai
|
Thailand
|
$750
|
3
|
Ipoh
|
Malaysia
|
$897
|
4
|
Dumaguete
|
Philipppines
|
$1,000
|
5
|
Cayo
|
Belize
|
$1,100
|
6
|
Loja
|
Ecuador
|
$1,100
|
7
|
Granada
|
Nicaragua
|
$1,300
|
8
|
Tralee
|
Ireland
|
$1,500
|
9
|
Carcassone
|
France
|
$1,750
|
See you in the south of France!
Here's a video which lists "25 Of The World's Cheapest Places To Live":
