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20 countries where you can retire comfortably on $150K

MoneyWise Logo By Esther Trattner of MoneyWise | Slide 1 of 41: In 2019, American retirees are collecting average monthly Social Security payments of $1,461, or a mere $17,532 for the year. That's hardly enough to afford a decent life in America, particularly when seniors are facing out-of-pocket health care costs of more than $13,000 per year. But what if you didn’t retire in the U.S.? The fact is that health care, housing and daily expenses cost significantly less in several other countries, where you can enjoy a good standard of living. Click to see a countdown of our picks for the cheapest — and safest — countries for retiring outside the U.S. These are places where even $150,000 or less in retirement savings would be enough to live comfortably.

Living abroad can help stretch your retirement funds

In 2019, American retirees are collecting average monthly Social Security payments of $1,461, or a mere $17,532 for the year.

That's hardly enough to afford a decent life in America, particularly when seniors are facing out-of-pocket health care costs of more than $13,000 per year.

But what if you didn’t retire in the U.S.? The fact is that health care, housing and daily expenses cost significantly less in several other countries, where you can enjoy a good standard of living.

Click to see a countdown of our picks for the cheapest — and safest — countries for retiring outside the U.S. These are places where even $150,000 or less in retirement savings would be enough to live comfortably.

© Cheapism

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