Retirement math looks completely different depending on where someone decides to spend it, and a new graphic breaks down just how much the number swings.
Using data from NetCredit and Numbeo, the map estimates what Americans need to retire comfortably in countries around the world. The figures cover a retirement span of 14 years and 8.4 months, tied to average U.S. retirement age and life expectancy. Taxes and healthcare costs are left out of the calculations.
Turns out staying home isn’t cheap. The U.S. lands at $738,000, making it the fifth most expensive country on the list. Only Singapore, Iceland, Switzerland and Luxembourg cost more.
Meanwhile plenty of countries let that same nest egg stretch much further. The gap between the priciest and cheapest spots on the map is massive, enough to make some retirees seriously consider a move overseas once they see the difference in black and white.
Location changes everything when it comes to how far savings actually go. For anyone weighing where to spend their retirement years, geography might matter just as much as the amount sitting in the bank account.
My Take…
Retirement math, apparently, is just geography wearing a trench coat. NetCredit and Numbeo crunched numbers for a 14 year, 8.4 month retirement (taxes and healthcare not invited). America’s price tag? $738,000, fifth priciest globally behind Singapore, Iceland, Switzerland, Luxembourg. Some countries stretch that same cash way further. Location’s basically your new 401k strategy.
Click on the link below for the full article:
https://www.visualcapitalist.com/mapped-how-much-americans-need-to-retire-comfortably-around-the-world/
