Is 1 million baht enough to retire in Thailand?

[Celsius]

Times are tough and I am going through some financial difficulties. All I have left in my bank account is 1,042,356.23 baht. Will this be enough until i get my government pension in 14 years?

[CharlieH]

That equates to around 5,952.38 per month with no allowance for inflation so NO it wont be.

 

As per Govt guidelines you need between 40k-65k per month depending on lifestyle.

 

If you are careful, it might last you 2 years.

[CallumWK]

Didn't the OP posted just yesterday that he was going back to Canada, and that he was financially strong?

 

[Celsius]

2 minutes ago, CharlieH said:

That equates to around 5,952.38 per month with no allowance for inflation so NO it wont be.

 

As per Govt guidelines you need between 40k-65k per month depending on lifestyle.

 

But Thais can do it

[The Cyclist]

That equates to about Baht 6000 a month for the next 14 years.

 

Not enough to live on, not enough to even exist on.

[Will B Good]

 

A fag packet calculation shows 200 Baht a day......good luck with that.

[CharlieH]

1 minute ago, Celsius said:

 

But Thais can do it

 

Not unless they are cohabiting etc and are not paying rent or bills, living with family etc.

[scubascuba3]

Maybe you'll need to work sex too

[Bohemianfish]

Maybe find a girlfriend to cohabitate with. Teach English online or classroom. Maybe Cambodia can be cheaper for you. 

[SAFETY FIRST]

17 hours ago, Celsius said:

Times are tough and I am going through some financial difficulties. All I have left in my bank account is 1,042,356.23 baht. Will this be enough until i get my government pension in 14 years?

These threads should be posted in the Pub forum. 

Hilarious 😂

 

Maybe get yourself a job, beer bar manager on Soi 6. 

 

Apparently there are rooms upstairs (beds with soiled sheets), somewhere for you to sleep. 

 

 

[arick]

There is dumb and very very stupid 

[arick]

42 minutes ago, Bohemianfish said:

Maybe find a girlfriend to cohabitate with. Teach English online or classroom. Maybe Cambodia can be cheaper for you. 

Gay marriage in January find a rich Thai man !

[Presnock]

I kinda agree with all the frivolous responses.  If you cannot get a govt retirement check for 14 more years, then you are a relatively youngster compared to many on this forum like me 78 years old and therefore you are still young enough to go out and find a job that doesn't even require many skills in order to survive until that check comes along.BTW just how old are you?

 

[Hummin]

18 hours ago, Celsius said:

 

But Thais can do it

My parents in law life for less, unless they have some extraordinary coming up.

 

No tax, no rent, 600,- baht a month water and electricity, gas 400. Food? But they have family, and can live a decent life because of them. 

[Skeptic7]

Seriously❓

[vukovar77]

You can find a job, live there, or stay in some Thai temple occasionally.

[soi3eddie]

1 million US Dollars might be enough to retire in Thailand.

 

[Jingthing]

Heck NO!

[KannikaP]

19 hours ago, CharlieH said:

As per Govt guidelines you need between 40k-65k per month depending on lifestyle

That of course, depends on whether your house and car are paid for, as mine are, and her kids are out of school now.

We manage quite well on 35k per month from my UK pension, with the odd supplement from Investments/Crypto profits. I am lucky that my IO allows the Combination Method, so I transfer only 35k per month with 420k in the Bank, adding up tp over 800k.

[crazykopite]

Absolutely no way unless you eat a bowl of rice a day and live in a tin shed 

[novacova]

19 hours ago, Celsius said:

Times are tough and I am going through some financial difficulties. All I have left in my bank account is 1,042,356.23 baht. Will this be enough until i get my government pension in 14 years?

Rent a 18 meter fan room for about 2200-2500฿ a month, that leaves you, say ~3700 a month use minimum amount of electricity, ~500฿ a month. 3200฿ left to live on /30=~100฿ a day for rice, beans and evading immigration.

[Kinok Farang]

On the extremely rare case that this is not a wind up is to tell this gent "sure you can live off 1 million baht for 14 years" but you might have to sell your arse a couple of times a week to manage it.

[Kinok Farang]

1 hour ago, arick said:

Gay marriage in January find a rich Thai man !

I'm free.

[jippytum]

Dream on

 

[Celsius]

9 minutes ago, novacova said:

Rent a 18 meter fan room for about 2200-2500฿ a month, that leaves you, say ~3700 a month use minimum amount of electricity, ~500฿ a month. 3200฿ left to live on /30=~100฿ a day for rice, beans and evading immigration.

 

Thanks. I was doing some research and found some rooms for 1,800 baht a month which should give me more money to live on for daily expenses.

 

What I love about Thailand is that you can live on any budget.

[saintdomingo]

On Thursday he was commenting on older condo buildings, so would seem to have enough knowledge and experience of Thailand to answer his own question.

[BritManToo]

20 hours ago, Celsius said:

Times are tough and I am going through some financial difficulties. All I have left in my bank account is 1,042,356.23 baht. Will this be enough until i get my government pension in 14 years?

Just live off your wealthy educated Chinese wife.

[OldmanJ]

1,000,000 baht for 14 years.You have two chances nil and none

[ChaiyaTH]

Retire with? No. Make a business or living with, sure can, I use half of that to make 2K usd monthly since 7+ years. Just some years ago, you could have bought 10 bitcoin with it too.

 

A fool needs tons of money.

[Daniel Cully]

When time comes, your CPP from Canada won't be much unless you're contributing each month.