What does it cost to retire in Asia?

Retiring in Asia can be a desirable option for many people seeking affordable living costs, cultural immersion, and access to modern amenities. The cost of retirement varies significantly depending on the chosen country or region within Asia. Here’s an overview of how much you might expect to spend in some popular destinations:

  1. Thailand: Known as one of the most affordable Asian countries for retirees, Thailand offers a relatively low cost of living compared to Western nations. Budget-conscious expats can comfortably live on around 800-1,000 THB/day (approximately $700-1200USD per month), covering expenses such as food, accommodation, transportation, and leisure activities.
  2. Philippines: The archipelago’s warm hospitality and lower living costs make it an attractive retirement destination for many foreigners. While prices vary across different regions within the country, retirees can generally expect to spend around 20,000-30,000 PHP (around $400-$600 USD) per month on essential expenses such as housing, food, healthcare, transportation, and entertainment.
  3. Cambodia: This lesser-known Southeast Asian gem offers an even more affordable lifestyle compared to Thailand or the Philippines, making it an appealing option for budget-conscious retirees. Basic apartments start from as little as 100-200 USD per month, with some expats opting to live in this country on as little as $500-$1,000 USD per month.
  4. Malaysia: As a more developed and expensive Asian nation compared to Thailand or Cambodia, retiring in Malaysia requires a higher budget. However, the cost of living remains relatively low when compared to Western countries, with many expats comfortably settling down for around 3,000-5,000 MYR (approximately $700-$1,250 USD) per month.
  5. Singapore: Known as one of Asia’s most expensive cities, retiring in this tiny island nation comes at a higher price point. Basic living expenses can range from 2,500 to over 4,000 SGD (around $1,800-$3,200 USD), depending on personal preferences and lifestyle choices.
  6. Japan: While Japan is generally considered an expensive country, retirees may be surprised by its overall affordability compared to other developed nations like Singapore or Western Europe. Basic living costs for expats range from 100,000-300,000 JPY (around $1,200-$2,700 USD) per month, covering essential expenses such as housing, food, transportation, and healthcare.
  7. Vietnam: As a relatively affordable Asian destination with an ever-growing tourist industry, retiring in this Southeastern nation offers attractive living costs compared to Western nations. Basic expenses for expats typically range from 1-3 million VND (approximately $40-$130 USD) per day or around 30,000,000-60,000,000 VND ($1,300-$2,500 USD) per month.