Is it possible to retire in Laos with this much money?
I am looking for a country to retire to and I found Laos. I did some calculating (but my math is terrible) and came up with the figure of 72,000,000 kip, give or take, to live there. Can I live cheaply in Laos with that much money, retired?
It's a good question. I would say yes and no. There are many things to take into account. It's also depends where you'll be living in Laos and how you plan to live. If you'll totally be retired (won't do anything to earn even a small income) then this amount may last for around 2-3 year max.
Here is my estimation:
Rent: $200/month --> $2,400/year
Food: $150 or 200/month -->$1800 or 2,400/year
Electricity+water supply: $30/month --> $360/year
Total: $4560 or $5160 (this is more than half of the money already)
This estimation is base on living expenses in city like Vientiane and Luang Prabang where things are more expensive. You can live cheaper in the countryside, but Lao countryside might not be what you might have in mind.
if you can and want to work, it's possible to find a teaching job in private schools in your community for few hours a week to earn an income which might cover your food or rent (in cities).
While it might be hard to find anything to do to earn an income in the country side, your $ can go longer as rent and other expenses are lower. And if you adapt well and/or can volunteer to do somethings like teaching English to the kids in the community you might be considered one of their family members, which means they will share with you their food and help you in anyway they can. This way your $ can even go further.
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retire in laos
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