How much money do I need for early retirement in 3rd world country?
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M23, Still in uni but like they say plan early. So I m planning to retire by 30+. How much do I need to retire in a 3rd world country in Asia or Africa? Since retiring early in SG is near impossible.
Netizens’ weigh in
- $500k can get you around $15k interest (conservative 3% a year) which translates to roughly 15 million Indonesian plus you can get a long term digital nomad pass by showing you have 200k in your account. The long term pass is for 10 years. Rental can be as cheap as a few hundreds a month for a villa in Bali.
Sounds like the perfect retirement plan chilling by the beach - Your annual expenditure should represent 3-4% of your total capital invested in the stock market.
So if you’re living somewhere very cheap and expecting to spend all in say 2.5k USD per month, that’s 30k USD per year, meaning you should have 1m USD invested in a diversified ETF.
Then you can withdraw 30k per year from your investment account every year, and as per historical returns you won’t run out of money.
You can read up on the concept of SWR (safe withdrawal rate) if you wanna learn more. - Bro I’ma be 100% with you, most Singaporeans aren’t nearly street smart or tough enough to live in true third world shitholes. Worst most of y’all can tahan is Malaysia or Indonesia or maybe Thailand
You don’t want to know how they feel about Chinese looking types in Africa or other parts of Asia. Police won’t help you if someone steals you shit and beats you up, and once you leave coming back to sg will impoverish you even further
You maybe think you’ll live like a king but the rich people in those countries aren’t protected by money, they’re protected because they own the generals/politicians that run the army. Your 200k sgd will be lining some modern Idi Amin’s pocket while you rot in some shithole on fake espionage charges. Sg govt might not even be able to save you - If you want something like in tge middle range , you could retire in india for about $200000+ probably your flat to , very comfortably with a landed house and a nice car
- 35 yo can buy 300-350k resale rent out $3k/month
Can sustain indefinitely in any neighboring country