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Money & Policy

8 Countries Where $200K Will Last 30 Years of Retirement

If you're coming up short, consider retiring to one of these places


By Amy Knapp

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Panama

Credit: Getty Images

Financial advisers often recommend using the 80 percent rule when estimating how much to save for retirement, meaning you'd aim to replace 80 percent of your pre-retirement income. But if you're like many people, you're a long way off from hitting that target. Does this mean you'll never be able to retire? Not necessarily.

Rebecca Lake recently offered hope for those with smaller nest eggs in her article for Investopedia titled 8 Countries Where $200K in Retirement Savings Will Last 30 Years.

"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," Lake writes.

Click through to see which countries made the list.

Ecuador

Credit: Bryce Kirchoff

Nicaragua
Monthly expenses for a couple including rent: $1,484

Nicaragua

Credit: Bryce Kirchoff

Nicaragua
Monthly expenses for a couple including rent: $1,181

Thailand

Credit: Bryce Kirchoff

Thailand
Monthly expenses for a couple including rent: $1,740

Belize

Credit: Bryce Kirchoff

Belize
Monthly expenses for a couple including rent: $1,500

Panama

Credit: Bryce Kirchoff

Panama
Monthly expenses for a couple including rent: $2,554

Costa Rica

Credit: Bryce Kirchoff

Costa Rica
Monthly expenses for a couple including rent: $1,925

Malaysia

Credit: Bryce Kirchoff

Malaysia
Monthly expenses for a couple including rent: $1,557

Spain

Credit: Bryce Kirchoff

Spain
Monthly expenses for a couple including rent: $2,283

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By Amy Knapp
Amy was formerly the associate digital editor for Next Avenue. She previously was an editor for InnoVision Health Media's consumer publicationNatural Solutions Magazine.  
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