How much money to retire in Thailand.

[HampiK]

32 minutes ago, watcharacters said:

 

 

15 million THB at a  very minimum for emergencies in my opinion.

 

Better to have a greater cushion if possible.

 

 

If you have an insurance, for what you need 15 million baht emergency money?

 

For the OP, what I see little bit dangerous is with the health Insurance from his wife. because what happens if he become a cronic condition and the wife run away? THen he not will find a new insurance who cover. Or will the government Insurance still pays if the wife dies before him?

I hear again and again, that people over 60 will become problems go obtain an health insurance so start early enough before any cronic conditions start...

[HampiK]

2 minutes ago, Lacessit said:

Bad news sells, Nancy. That's why on Thai Visa we hear constant stories of the broke, sick, sad losers. Very few stories of the retirees who see out their lives happy and contented, with wives and girlfriends who take much better care of them than they would get from a woman back in their home country. Those people would never appear at the doors of Lanna Care Net. Statisticians call it a biased sample of a population.

Now what was that you were saying about idiots on TV?

 

That is the same as many trash TV (Television). Nobody want see successful stories. everybody want see how other people fail. 

And which successful people you read in here at ThaiVisa?

[sirineou]

3 hours ago, NancyL said:

Amykat speaks the truth.  In my involvement with Lanna Care Net, I've seen many new male retirees who came over here in their late 50s, as excited as a 5-year old on their first day of school only to turn into bitter 70-year olds after being worked over by a few Thai women (or Burmese boyfriends) and/or suffering some expensive health problems, or getting into some ill-advised business ventures.  Some of these men die horrible, lonely, painful deaths, too poor to return to their home countries of conditions that are entirely treatable like skin cancer, prostate cancer.  They lack the funds for a plane ticket home.  

 

Life in Thailand can be very exciting for a man in his 50s.  Not so good for one in his 80s.

 The above should be required reading !

When you join TVF a window should pop up  asking you to read the above and click  I read it.

I cringe  when I read of someone asking " if I sold everything I own and have an X  amount can I afford to live in Thailand" as if that person will never get old, and when the money runs out will go back home, stay at a friends house who we all know will be waiting for you to return and crush on his couch (I am sure his wife would not mind). And get one of those plentiful jobs offered to 70 year olds!

Why not  work hard and spend a litle for one or two years, save 15 -20 thousands, then rent your place back home , come to thailand and with your savings rent a place for a year and use the rent proceeds to live on! See how things work out.

In a year you don't need to ask anyone,  You will know the answers yourself.

 This is pretty much what I did. NowI have being back in the US for about five years working and coming to thailand every year for a few weeks for my Thai fix,

Mortgage in the US almost paid off, property value has increased substantially, New house paid for in Thailand,  Pension and Social security substantially more, And savings in the bank.

Sixty one in June, one more year after that and  Thailand here I come! watch out!

[IsaanUSA]

Since you are an older gentleman with a girlfriend, I would recommend at least $2000 USD per month (2500 AUD).  You will need money for health related things, and money for taking your gf on vacation sometimes.  1600 AUD per month is not enough to be comfortable.  You will be stressing about every purchase over 500 baht.

 

amykat's post was fantastic.

[outofafrica]

On 2/14/2018 at 1:14 AM, smotherb said:

Well, he has yet to know if he will marry or even stay with his current girlfriend. So, if she goes, he has no house, no car, and certainly no wife's insurance. Don't you think he would be better off having enough to live without those potential bennies? As you said, you had B100k/mo when you came, now down to B70k/mo. If he does marry, then he can afford to give to their home together.

I will be able to survive without the Girlfriend House and Car. I know my capabilities!!!! 

[outofafrica]

8 minutes ago, outofafrica said:

 

 

8 minutes ago, outofafrica said:

!

9 hours ago, colinneil said:

Is there any need for you to be offensive to other posters?

You come on here seeking advice, then when a person posts something you dont like you get offensive.

You posted about your girlfriends health insurance, saying you would use that, when i pointed out you could not use it, you commented you knew that, well if that was the case why did you post it?

I will be over in Match/April do you want to repeat that in my face or are you happy hiding behind a key board!!!

If you take your blinkers off and read all post you will see that when we marry i will be able to go onto her medical.Does that make sence???

Edited February 14, 2018 by outofafrica

[Elkski]

I think if the wife dies the surviving spouse health coverage continues as well as her parents.   Can someone verify this?

 It would be nice if the guy who says you need 15 mill for emergency would say where you park that money and what it's purpose is for? 

[Dante99]

3 hours ago, outofafrica said:

I will be able to survive without the Girlfriend House and Car. I know my capabilities!!!! 

So you must have it all figured out and know what things cost.  Why are you asking here?

 

 

[Ahab]

10 hours ago, watcharacters said:

 

 

15 million THB at a  very minimum for emergencies in my opinion.

 

Better to have a greater cushion if possible.

 

 

Of course 15 million THB for emergencies would be good, 30 million THB would be even better. However, what kind of emergency would cost 15 million THB?

 

The cost of a heart bypass operation at Bangkok hospital (a good hospital in Bangkok) costs a maximum of $42k USD (works out to about 1.4 million THB).  So while I agree that 15 million THB would be a good cushion for any possible emergency, I completely disagree that it is a minimum or that more is a requirement for living here. Routine procedures are even more affordable, I spent 3 nights and 5 days in a private hospital in Nang Rong a few years ago for an upper urinary tract infection.Total cost for the stay, including food was less than $600 USD (~20,000 THB). I thought the level of care was good, and I had a private room.

 

If you have 15-30 million THB ($450,000-$990,000 USD)  in cash more power to you, but it is not a very reasonable statement to say that it is anywhere near a minimum.  Not many people (except maybe Trump) retiring in Europe or the USA have anywhere near that sort of nest egg stashed away for retirement, let alone a cushion in case of emergencies during that retirement.

 

 

[outofafrica]

1 hour ago, Dante99 said:

So you must have it all figured out and know what things cost.  Why are you asking here?

 

 

It's got Nothing to do with you. Move on .play your keyboard games somewhere else.

[colinneil]

4 minutes ago, outofafrica said:

It's got Nothing to do with you. Move on .play your keyboard games somewhere else.

Somebody is very touchy again, you need to calm down.

[theguyfromanotherforum]

I think 

12 hours ago, Lacessit said:

Bad news sells, Nancy. That's why on Thai Visa we hear constant stories of the broke, sick, sad losers. Very few stories of the retirees who see out their lives happy and contented, with wives and girlfriends who take much better care of them than they would get from a woman back in their home country. 

 

What a bunch of crap.

 

Do you have any facts to support this silly statement with?

[Lacessit]

9 minutes ago, theguyfromanotherforum said:

I think 

 

What a bunch of crap.

 

Do you have any facts to support this silly statement with?

Just a few of my friends. With your attitude, I doubt you would have any.

[MadMuhammad]

On 13/02/2018 at 10:22 PM, xylophone said:

You make a valid point IMO, and with that experience the OP should be able to work it out to at least a liveable sum.

 

There are items which some folk forget like health insurance/self insurance, everyday outgoings like power and water etc as well as trips back home. In addition there are things like wine which are expensive here and perhaps a few other luxuries thrown in.

 

I did exactly what you suggested and realised that I couldn't afford to retire here if I spent like I did on a vacation, so changes were needed.

 

Everyone to their own, but I could't live on 40k baht pm here.

I agree, for myself 40Kthb a month wouldn’t work. 

I’ve done a very detailed budget for my own costs and needs and come up with a figure of 70K pcm. Admittedly that does include 1000thb a day for whatever tickles my fancy after all costs, utilities, Insurance’s, registration fees, cable tv, internet etc. I’m confident I won’t be spending 1000 a day I just allowed for the high side. 

[tonray]

5 hours ago, outofafrica said:

If you take your blinkers off and read all post

Reading while driving is dangerous

[Bill97]

This is all a waste. The girlfriend will wake up and toss out the bugger who is using her house, car and insurance and is unpleasant as demonstrated repeatedly here. Anyone would.


Sent from my iPod touch using Thaivisa Connect

[smotherb]

6 hours ago, outofafrica said:

I will be able to survive without the Girlfriend House and Car. I know my capabilities!!!! 

Perhaps you've missed the point of YOUR post; You wanted to know if you had enough to live on here considering you could get on her insurance and she has a house and car; did you not?

 

If you know your capabilities so well, why are you asking?

[xylophone]

This does seem to be getting a little emotive; so looking at the original post: –

 

"I'm Australian and 58 years. I have $400 000 in super and my house is payed and will give me an income of $1600 a month. My Thai Girlfriend is a Government Official so i can go onto her medical if need be. Will this money be enough to retire in Thailand? I'm not a big spender and the Girlfriend has a good job, own house and Car".

 

Now it is worthwhile remembering that the poster has a good-sized pension fund and a mortgage free house which he can sell if needs be, so basically he has a good source of backup funds if needed, and if one does the maths, then this will probably last him until the end of his life (esp if he can access the Oz Govt pension, if not, still no problem).

 

Now to answer his original question............. YES YOU CAN, if you want to.

 

What I can't understand is the emotive responses around the question, this especially if some folks say they need much more to live on, so surely that is up to them?

 

Reminds me of the age-old Q & A...........

 

Q: "why do dogs lick their dicks?"

A: "because they can".

 

Applying that to the folks who don't want to live on 40,000 baht a month........

 

Q: "why do some folks spend more than 40,000 baht per month here to live on?"

A: "because they can".

 

Simple really.

[Rimmer]

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