Title: How to retire to Thailand: A complete guide - Wise, formerly TransferWise
Headings: How to retire to Thailand: A complete guide
How to retire to Thailand: A complete guide
What’s the money like there?
What's the cost of living like in Thailand?
How much money do I need to retire in Thailand?
What’s daily life like?
What are the best places to retire to in Thailand?
What are the visa requirements for me?
Requirements for American retirees
Australian requirements to retire in Thailand
UK pensioners looking to settle in Thailand
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Content: Item
Estimated cost in Thailand
loaf of bread
35 THB
chicken breast
43 THB
one beer in a bar
100 THB
McDonald’s meal for one
170 THB
monthly pass for fitness club
1,700 THB
meal for two at mid-range restaurant
600 THB
one pair of jeans
2,000 THB
monthly rent, one-bedroom apartment
13,800 THB
monthly rent, three-bedroom apartment
29,000 THB
petrol, one gallon
105 THB
Volkswagen golf, new
800,000 THB
one-way ticket on local transport
20 THB
monthly transport pass
1,000 THB
basic utilities for an apartment
2,247 THB
How much money do I need to retire in Thailand? To retire comfortably in Thailand, there are a few baseline numbers to think about. With a cushion of $25,000 in savings, or on a modest salary of $2,000 per month, a retired couple could live a simple but comfortable life. Even though many people move to Thailand because it’s cheap, it’s still smart to have some savings to account for surprise expenses. Still, the average Thai resident lives on less than $1,000 a month. To live cheaply, you could survive on a budget around this amount. You’ll probably have to skip out on travel, eating in restaurants and paying for premium healthcare. A luxurious retirement in Thailand is available for around $5,000 a month. This means employing maids and cooks, living in a premium location downtown or by the beach, and still having enough for entertainment. If you’re looking to buy property in Thailand, you can also pay for a spacious condominium on this budget.