Quote:
Originally Posted by madko
Bulgaria, Romania, Hungary, Greece (basically all eastern Europe)
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Quote:
Originally Posted by EddyTheDog
Thats true - The state pension in the UK is about 440 UKP - Thats about $700 and people do live on it.
You would get free health-care and possibly some benefits, but its very low.
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Assuming you have a place to live for free, heating, electricity, a car, fuel, and some money for food.
It really depends on what standard of living you want to enjoy. $1200 a month here wouldn't be enough for someone who is used to living on more than $10,000 a month while working.
It would be fine for someone whose standard of living was around $2,500 in the US.
Most successful people when they reach retirement own their own house, children are gone, no debts of consequence. So take what you earn now and remove all those debts, then translate the living cost to the country you want to live in.
There's no way we could live on $1,200 here in Czech and we have no debts, own our house, car and no debts. One 10 year old to bring up and her and the dog have to steal food from dustbins.
