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And if its not enough?
The good news is there are many countries where retirees would be able to comfortably retire with $500,000.
In alphabetical order, these seven countries are ideal forretiring on $500,000 in savings.
Bulgaria
Bulgaria landed in 12th place in our ranking of the most affordable places to retire abroad.
The average rent for a one-bedroom apartment, per August 2024 data, is a reasonable $400.
Czech Republic
Rent for the average one-bedroom in the Czech Republic costs $758.
Retirees able to swing this cost and still want to remain true to their budgets may head to Brno.
Their cost of living per month with rent included is roughly double at $1,720.
That said, if rent is not a factor, its worth exploring making a move to Porto.
The cost of living for one person is $740 a month without rent.
Solo retirees may look into Valencia.
The cost of living without rent is $749 while it bounces up to $2,033 with rent.
Vietnam
What if you have even less than $500,000 in savings?
Consider Vietnam, where the average one-bedroom rent costs $298 a month.
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