20 Countries Where $150K Is More Than Enough To Retire

Above, American retirees can live in some foreign countries comfortably with
$150,000 in savings. Unfortunately, Japan isn't one of them. Photo by Armand Vaquer.

Many baby boomers are hitting (or already in) retirement age. With inflation running high these days in the U.S., thanks to our irresponsible federal government, many are wondering if there's any alternatives to retiring in the U.S.

Actually there is.

MoneyWise has a list of countries where $150,000 in savings will provide a comfortable retirement. Some of them are quite surprising. 

They begin their list with:

In 2020, American retirees are collecting average monthly Social Security payments of $1,503, or a mere $18,036 for the year.

That's hardly enough to afford a decent life, particularly when seniors are facing out-of-pocket health care costs of more than $13,000 per year.

But what if you didn’t retire in the U.S.? Health care, housing and daily expenses cost significantly less in other countries.

We count down our picks for the cheapest — and safest — countries for retiring outside the U.S., places where even $150,000 or less in retirement savings would be enough to live comfortably. Our recommendations reflect local daily living costs, changes to visa programs and political developments.

To see what countries are great for American retirees, go here.