Retiring abroad certainly has its benefits, such as less costly healthcare, a refreshing change of scenery and a lower cost of living. That last detail is especially important for retirees who haven’t saved as much as they had hoped. Fortunately, there are a number of countries where you can retire comfortably with a smaller nest egg. (For more, see: Retirement Funds Too Little? Retire Abroad.)
Living on the cheap is even easier when you’re receiving Social Security benefits. As of 2016, the average benefit amount came to $1,341 for the typical retired worker. If you have $200,000 tucked away in a retirement plan, that, along with your Social Security payments, should be enough to last three decades in these eight international locales.