Several thousands among the Australian retiring population are departing from the traditional lifestyle of retirement years. Instead of living a modest life in the cities or just-about-decent life in the suburbs, they are migrating to South East Asia. While a few of them are looking for a cultural crossover and diversity of adventure, a majority is certainly looking at low cost of living in South East Asia as a major plus- one that can give their retirement savings longer legs.
In this article we compare the cost of retirement living in Australia and retiring overseas in 8 countries spread across Asia (6 of them in South East Asia). We also look at the biggest threats to your ambitions of retiring overseas.
Most of us cannot deny that we daydream about our lives post retirement. In those dreams, we may be cruising half way across the globe or just indulging the gardener in us. We dream of an easy life full of small nothings and crazy ‘somethings’. This is how we are programmed: we know we have to slog it out while we are part of the active workforce and get rewarded for it with a leisure-filled retirement.
