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

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

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July 11, 2016
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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: Getty Images


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


Nicaragua

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


Thailand

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


Belize

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


Panama

Credit: Getty Images


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


Costa Rica

Credit: Getty Images


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


Malaysia

Credit: Getty Images


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


Spain

Credit: Getty Images


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


 

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