8 countries where you could retire on $150,000

8 countries where you could retire on $150,000

The average Social Security payment doesn't go far in the US, but it could make a great life elsewhere.

Who doesn't love dreaming of a life in another country? Often the tendency is to write off those dreams as impossible, but they might be closer than you realize. Many of the places we idealize in our minds are more affordable to live than our home country. So much so, in fact, that it might even make sense to retire to a foreign country in order to make your savings stretch further.

MoneyWise compiled an interesting list of 20 countries where a couple could, in theory, retire with only $150,000 in savings. These are countries where the cost of living is low enough that the monthly Social Security payment that the average American received in 2018 -- $1,404 -- would be sufficient to rent a home, pay for food, get adequate health care, and live in safety.

From that list, I've chosen the countries that surprised me the most. There are plenty of lists out there that describe great places to retire, but the same destinations pop up all the time, such as Mexico, Panama, Malaysia, and Ecuador. These, however, are different.

1. Croatia

Bernd Thaler -- Valun, Cres, Croatia/CC BY 2.0

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