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Can You Retire With $100,000?

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I've seen some nonsense on YouTube and this up there. HIs plan is have 100k USD and use the 4% rule which allows to use 4% of the money and this will be enough to get you through (or returns from investments).

 

So this is $4000/year or $333/month. He has some great suggestions like Cambodia, Egypt and India. Even in Thailand you have just a few thousand more than a minimum worker and you're pretty much screwed. Rent probably can't exceed 2000-3000 baht so single room row houses with fans will be where you're sleeping and eating most of your meals out of a bag from the market and cooking rice at home.

 

I think Cambodia is hardly any better but maybe India will work. Funny he leaves out Africa which is out of the question although no doubt the cheapest. Egypt he says is a Muslim country but liberal! Looks like hell on earth to me though.

 

People are getting desperate out there I guess. Boomers are retiring in earnest now and many finding themselves in such a position but this guy is selling false dreams if you ask me. This retirement is going to be far worse than he's letting on and could trick some poor souls.

 

 

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  • rattlesnake
    rattlesnake

    I haven't watched it as I can't stand YouTubers, but there are a lot of similar videos going around now, lots of them centered around Thailand.   The endeavour by the Thai government to attr

  • NO, you can't do it on $333 in TH, or more like, you really wouldn't want to.   We lived on about $360 a month last year ... BUT ... we are all bought in.   ... no rent ... no electric

  • Why would anyone want to do it?     

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I haven't watched it as I can't stand YouTubers, but there are a lot of similar videos going around now, lots of them centered around Thailand.

 

The endeavour by the Thai government to attract foreigners – and therefore money – has completely backfired as the country is flooded with farangs who spend less than Thais.

  • Author
27 minutes ago, rattlesnake said:

I haven't watched it as I can't stand YouTubers, but there are a lot of similar videos going around now, lots of them centered around Thailand.

 

The endeavour by the Thai government to attract foreigners – and therefore money – has completely backfired as the country is flooded with farangs who spend less than Thais.

This guys seems to be selling a program. Imagine some guy sells everything and moves to Egypt with 333 big ones a month as his budget. It would be hell. I've seen people living this life before in Thailand and even Cambodia and man it's depressing. This is coming from a  guy who does just fine with $1000/month for my typical daily expenses.

19 minutes ago, NorthernRyland said:

This guys seems to be selling a program. Imagine some guy sells everything and moves to Egypt with 333 big ones a month as his budget. It would be hell. I've seen people living this life before in Thailand and even Cambodia and man it's depressing. This is coming from a  guy who does just fine with $1000/month for my typical daily expenses.

You want people to come on here and write that they can do it 

 

You are trying to convince yourself that it can be done , so rather than ask if it can be done  ,your using reverse psychology and saying look at what this guys says ...he's wrong isn't he? 

You Sir can fool others ,but not this little black duck !

 

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Why would anyone want to do it? 

 

 

  • Author
19 minutes ago, mogandave said:

Why would anyone want to do it? 

 

 

because you're broke and desperate. Many such cases.

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1 hour ago, NorthernRyland said:

This guys seems to be selling a program. Imagine some guy sells everything and moves to Egypt with 333 big ones a month as his budget. It would be hell. I've seen people living this life before in Thailand and even Cambodia and man it's depressing. This is coming from a  guy who does just fine with $1000/month for my typical daily expenses.


$333 is ฿11,000… what else is there to say? It's appaling that anyone would even consider it.

8 minutes ago, rattlesnake said:


$333 is ฿11,000… what else is there to say? It's appaling that anyone would even consider it.

Yes but I have heard from a foreigner "I'm going to live like a local".  From time to time I see him in line with the other locals at street food stalls.  Lately he complained coffee at his usual spot went up by 5 baht.  Once he got angry at the water dispensing machine because he didn't the right amount after putting in 5 baht.  

  • Author
9 minutes ago, rattlesnake said:

$333 is ฿11,000… what else is there to say? It's appaling that anyone would even consider it.

 

I think what this guy did is visit once and look at that GDP per capita and say yeah you can afford that! Imagine the horror of living there in retirement. 

 

image.png.8bc076fe8818c3e40bafb6d608893e7a.png

 

image.png.8fcc64b6f8d6a865022df1b34edb6a56.png

 

 

  • Author
Just now, sqwakvfr said:

Yes but I have heard from a foreigner "I'm going to live like a local".  From time to time I see him in line with the other locals at street food stalls.  Lately he complained coffee at his usual spot went up by 5 baht.  Once he got angry at the water dispensing machine because he didn't the right amount after putting in 5 baht.  

Living like a local in Thailand can be a reasonable life. Again I'm fine with on 1000/month in northern Thailand because it's actually a nice place to live. I could afford to go back to US and blow my entire monthly wage or I can stay here and save lots of money. 

 

11,000k/month is not just living like a local, that's the the lower class. No Thai person wants to live like that even.

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NO, you can't do it on $333 in TH, or more like, you really wouldn't want to.   We lived on about $360 a month last year ... BUT ... we are all bought in.

 

... no rent

... no electric bill

... no real transportation bill

... full kitchen, ability to eat in, very good & inexpensive (buy bulk)

... if not for garden, wouldn't even have to pay for water

... no major health issues or health insurance payment

 

11k THB  a month, barely an existence.  Just another silly idiot.  11k would only cover our PEA, PWA & petrol bill if we weren't all bought in.  Or simply rent for a box room w/fan & food (cheapest & crappiest), maybe 

 

trying to live a relaxing retirement on insufficient funds is just not doable.

work would be preferable to scraping through like that.

It’s easy out in the boonies ,no trouble at all , plenty of loose women too

8 hours ago, NorthernRyland said:

I've seen some nonsense on YouTube and this up there. HIs plan is have 100k USD and use the 4% rule which allows to use 4% of the money and this will be enough to get you through (or returns from investments).

 

So this is $4000/year or $333/month. He has some great suggestions like Cambodia, Egypt and India. Even in Thailand you have just a few thousand more than a minimum worker and you're pretty much screwed. Rent probably can't exceed 2000-3000 baht so single room row houses with fans will be where you're sleeping and eating most of your meals out of a bag from the market and cooking rice at home.

 

I think Cambodia is hardly any better but maybe India will work. Funny he leaves out Africa which is out of the question although no doubt the cheapest. Egypt he says is a Muslim country but liberal! Looks like hell on earth to me though.

 

People are getting desperate out there I guess. Boomers are retiring in earnest now and many finding themselves in such a position but this guy is selling false dreams if you ask me. This retirement is going to be far worse than he's letting on and could trick some poor souls.

 

 

There is no way a person from the West could live on $333/month.   The average Social Security check is 1700/month.  I guess it's doable in Thailand.  

4 hours ago, KhunLA said:

 

 

11k THB  a month, barely an existence.  Just another silly idiot.  11k would only cover our PEA, PWA & petrol bill if we weren't all bought in.  Or simply rent for a box room w/fan & food (cheapest & crappiest), maybe 

 

A room without AC and hot water.  

  • Author
4 hours ago, TedG said:

There is no way a person from the West could live on $333/month.   The average Social Security check is 1700/month.  I guess it's doable in Thailand.  

For Americans basically everyone is going to get SOME SS. Not sure what the minimum amount is but it should take you to $1000/month along with your measly $333.

 

But this can't be right. $50/month? That's enough to buy enough gas to drive to McDonalds for a cheese burger. I was guessing it would be like $700 or so.

 

image.png.1619662efcb6d131df3b700eb7272501.png

31 minutes ago, NorthernRyland said:

For Americans basically everyone is going to get SOME SS. Not sure what the minimum amount is but it should take you to $1000/month along with your measly $333.

 

But this can't be right. $50/month? That's enough to buy enough gas to drive to McDonalds for a cheese burger. I was guessing it would be like $700 or so.

 

image.png.1619662efcb6d131df3b700eb7272501.png

The SS payout is based on ones highest 35 years of earnings. If someone only work 11 years, they will have lots of zeros in the equation.  

  • Author
2 minutes ago, TedG said:

The SS payout is based on ones highest 35 years of earnings. If someone only work 11 years, they will have lots of zeros in the equation.  

makes sense but $50/month is worthless. What's more likely is that AI answer from Google is worthless too and totally wrong. It gave some other totally wrong facts on Thai salaries so I wouldn't trust it.

33 minutes ago, NorthernRyland said:

makes sense but $50/month is worthless. What's more likely is that AI answer from Google is worthless too and totally wrong. It gave some other totally wrong facts on Thai salaries so I wouldn't trust it.

I found this on the dept of SS

 

 

Special Minimum Benefits.png

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The “4%” rule is what you need to be making after taking inflation (currently 3% in the US but you probably need to factor in the inflation from where you’re living) into account so you would need your $100K to generate around 7% pa to stay still after you’ve taken your $4K out. 

 

Very easy to do in some years but if in one of the early years you’re investment returns less than 7% & you take $4K out, it’s difficult to get that back. 
 

if somebody can show me a guarantee 7% risk free return on an investment I’d be all ears but I’ve invested through the dot.com bubble, 2007/2008 Global Financial crisis, Brexit & Covid so am painfully aware of how things can quickly go South with investments.and would never base my retirement solely on being able to make a 7% return year in, year out. 

 

When I first moved here, maybe 15 years ago, I lived 30k outside the city. My rent was 2000 Baht, and everything except electric was 2000 Baht. I rode the train into the city for 15 baht. Now-- not a chance. My wife and I do quite well on 1000US even helping to pay for my wife's sister's daughter's room and board at the University.

13 hours ago, NorthernRyland said:

Living like a local in Thailand can be a reasonable life. Again I'm fine with on 1000/month in northern Thailand because it's actually a nice place to live. I could afford to go back to US and blow my entire monthly wage or I can stay here and save lots of money. 

$1000usd is not enough for comfortable living in the north. Go back to the US and earn a comfortable retirement. 

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15 hours ago, NorthernRyland said:

Can You Retire With $100,000?

No. This is a thread of desperation of poor folks who never had success and should never leave their home country.

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I do agree with the 4% rule and adhere to this myself. However, you need to have substantially more than 100kUSD in the first place. Over any rolling period of say, 5-7 years you should not have any reduction in your 'pot' if you stick to withdrawing 4% per annum. My overall 'pot' has significantly increased by rigidly sticking to this principle. 

 

As I said though, you need a big enough 'pot' to start with.

  • Author
50 minutes ago, TedG said:

I found this on the dept of SS

I don't know the terms but even 1700 looks small. Maybe that's 30 years earning the minimum number of credits. 50/month is worthless and even 20 years is 800 which is enough to pay for rent in the cheapest parts of the country. Surely the program isn't this bad?

  • Author
18 minutes ago, novacova said:

$1000usd is not enough for comfortable living in the north. Go back to the US and earn a comfortable retirement. 

LOL been dong it for years. The average is even less than that. We're all doing just fine.

1 hour ago, TedG said:

I found this on the dept of SS

 

 

Special Minimum Benefits.png

That chart definitely gives the wrong impression.  No need to work 40 yrs, unless only earning 1 pt a year.  You can earn up to 4 pts a year.   So 10 good years, will qualify you for SS.

 

Myself ... 

... worked 28 taxable years (1973 - 2001)

... 6 of those, no income, no SS tax, so 22 years paying SS tax

... SS benny was calculated on my last 18 months of work

... Total 'salaried' income, (22 yrs), was less than $600k

... Last 10 years of work, accounted for about $400k of that.

 

I receive more than enough SS for retirement visa extensions, shy of 1M THB in 2024.

 

As stated elsewhere, I banked all of my SS, and simply lived on my company pension ($357 / month) + 60k THB worht of gold we sold, in 2024.   Also as stated above, all 'bought' in, and basically no monthly payments, except phone / internet, PWA, auto ins. & minimal medical costs (check ups).

 

Again, it would by impossible to live on $333 as in OP, without being 'all bought in', and, with a nice oops fund.   As one minor oops, and you'd be doing the 'go fund my stupidity' route.

 

 

  • Author
2 minutes ago, KhunLA said:

Myself ... 

... worked 28 years (1973 - 2001)

... 6 of those, no income, so 22 years paying SS tax

... SS benny was calculated on my last 18 months of work

... Total 'salaried' income, (22 yrs), was less than $600k

... Last 10 years of work, accounted for about $400k of that.

 

I receive more than enough SS for retirement visa extensions, shy of 1M THB in 2024.

 

 

this makes more sense to me. We all know about SS being "bankrupt" but how could that be possible unless they're paying out more than they're taking in. If you're paying as low as $50/month for some people it would seem unlikely you could break such a program. FICA tax is 15% and all workers are paying this. It's a massive fund.

I just claimed online for my UK state pension, which will start in 3 months from now when I get to 66 years old.  I will get about $1,000 a month.  As a single person, that is plenty to live on 🙂

 

I do have an online teaching income, but my UK state pension allows me to rent a nice studio at Jomtien Beach AND a country property in the hills/mountain of north Thailand with 2 rai of land.... and the rental price for both totals 13,000 baht/month.

 

Your money can go a long way if you don't fling it around like confetti 🙂

On 3/1/2025 at 11:12 AM, novacova said:

No. This is a thread of desperation of poor folks who never had success and should never leave their home country.

 

Ironically, you define success with moving to a 3rd world craaphole?

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