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[2020] Cost of a Comfortable Retirement in Rest of Asia & Oceania


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By Barbara Davidson

Posted on January 31, 2021

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The Cost of a Comfortable Retirement Around the World

https://www.netcredit.com/blog/cost-comfortable-retirement-around-world/

 

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Do you have $600k put aside for your retirement? If you’re depending on your savings to keep you in your present lifestyle when you quit work, that’s how much you might need. Just 14% of Americans in their 40s and 50s have more than half a mil put away – and if you’re in a similar position, you could enjoy a fuller retiremen

 

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Cost of Living Estimator in Bangkok, Thailand

Restaurants 4,115.92 ฿
Meal, Inexpensive Restaurant 70.00 ฿ x 14.88 = 1,041.60 ฿
Meal for 2 People, Mid-range Restaurant, Three-course 817.54 ฿ x 1.86 = 1,520.63 ฿
Domestic Beer (0.5 liter draught) 66.32 ฿ x 0.8835 = 58.59 ฿
Imported Beer (0.33 liter bottle) 130.00 ฿ x 0.8835 = 114.85 ฿
Coke/Pepsi (0.33 liter bottle) 17.65 ฿ x 2.6505 = 46.77 ฿
Water (0.33 liter bottle) 8.83 ฿ x 2.6505 = 23.41 ฿
Cappuccino (regular) 70.43 ฿ x 18.60 = 1,310.07 ฿
   
Going out 825.49 ฿
Cinema, International Release, 1 Seat 220.00 ฿ x 2.10 = 462.00 ฿
Domestic Beer (0.5 liter draught) 66.32 ฿ x 0.525 = 34.82 ฿
Imported Beer (0.33 liter bottle) 130.00 ฿ x 0.525 = 68.25 ฿
Coke/Pepsi (0.33 liter bottle) 17.65 ฿ x 0.525 = 9.26 ฿
Water (0.33 liter bottle) 8.83 ฿ x 0.525 = 4.64 ฿
Cappuccino (regular) 70.43 ฿ x 3.50 = 246.52 ฿
   
Cigarettes 0.00 ฿
Cigarettes 20 Pack (Marlboro) 150.00 ฿ x 0.00 = 0.00 ฿
   
Food at Home 3,553.14 ฿
Loaf of Fresh White Bread (500g) 42.67 ฿ x 2.48 = 105.83 ฿
Rice (white), (1kg) 39.32 ฿ x 6.20 = 243.77 ฿
Eggs (regular) (12) 56.54 ฿ x 4.96 = 280.43 ฿
Chicken Fillets (1kg) 82.12 ฿ x 4.96 = 407.32 ฿
Beef Round (1kg) (or Equivalent Back Leg Red Meat) 297.05 ฿ x 2.48 = 736.67 ฿
Apples (1kg) 94.27 ฿ x 6.20 = 584.45 ฿
Banana (1kg) 39.52 ฿ x 6.20 = 245.05 ฿
Oranges (1kg) 68.95 ฿ x 3.72 = 256.51 ฿
Tomato (1kg) 51.45 ฿ x 4.96 = 255.21 ฿
Potato (1kg) 47.95 ฿ x 4.96 = 237.85 ฿
Onion (1kg) 47.13 ฿ x 2.48 = 116.88 ฿
Lettuce (1 head) 33.53 ฿ x 2.48 = 83.15 ฿
   
Drinks at Home 596.81 ฿
Domestic Beer (0.5 liter bottle) 60.24 ฿ x 2.5595238 = 154.20 ฿
Imported Beer (0.33 liter bottle) 105.73 ฿ x 0.5119048 = 54.13 ฿
Bottle of Wine (Mid-Range) 700.00 ฿ x 0.3839286 = 268.75 ฿
Water (1.5 liter bottle) 15.97 ฿ x 7.50 = 119.74 ฿
   
Car and Gasoline 0.00 ฿
Gasoline (1 liter) 25.43 ฿ x 0.00 = 0.00 ฿
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 1,500,000.00 ฿ x 0.00 = 0.00 ฿
   
Public Transport and Taxi 18,195.00 ฿
Taxi Start (Normal Tariff) 35.00 ฿ x 62.00 = 2,170.00 ฿
Taxi 1km (Normal Tariff) 35.00 ฿ x 403.00 = 14,105.00 ฿
Taxi 1hour Waiting (Normal Tariff) 120.00 ฿ x 5.1666667 = 620.00 ฿
One-way Ticket (Local Transport) 33.00 ฿ x 0.00 = 0.00 ฿
Monthly Pass (Regular Price) 1,300.00 ฿ x 1.00 = 1,300.00 ฿
   
Leisure and Sport Memberships 1,216.28 ฿
Fitness Club, Monthly Fee for 1 Adult 2,029.05 ฿ x 0.00 = 0.00 ฿
Tennis Court Rent (1 Hour on Weekend) 288.00 ฿ x 0.00 = 0.00 ฿
Vacation and Travel (Monthly Approximate Amount) 1,216.28 ฿
   
Utilities 2,345.96 ฿
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment 3,080.48 ฿ x 0.6547619 = 2,016.98 ฿
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 1.80 ฿ x 20.00 = 36.07 ฿
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 585.82 ฿ x 0.50 = 292.91 ฿
   
Clothing and Shoes 435.09 ฿
1 Pair of Jeans (Levis 501 Or Similar) 1,698.28 ฿ x 0.05 = 84.91 ฿
1 Summer Dress in a Chain Store (Zara, H&M, ...) 1,162.93 ฿ x 0.05 = 58.15 ฿
1 Pair of Nike Running Shoes (Mid-Range) 3,016.00 ฿ x 0.05 = 150.80 ฿
1 Pair of Men Leather Business Shoes 2,824.67 ฿ x 0.05 = 141.23 ฿
   
Rent 20,416.67 ฿
Apartment (1 bedroom) in City Centre 20,416.67 ฿ x 1.00 = 20,416.67 ฿
   
Childcare 0.00 ฿
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 10,174.24 ฿ x 0.00 = 0.00 ฿
International Primary School, Yearly for 1 Child 490,237.43 ฿ x 0.00 = 0.00 ฿
   
Other Goods and Services 2,584.63 ฿
Household Supplies, approximation using (Groceries index + 20) / 100.0 x 20EUR x 1 family members 602.86 ฿
Electronics, approximation using 20.0EUR * (household members + 1) formula 1,459.54 ฿
Other, approximation using Cost of Living Plus Rent Index 522.24 ฿
   
 
Overall estimate monthly spending* 54,285.00 ฿

* Note that our estimator is limited in number of items it uses to do an estimate. It doesn't include insurance, health related expenses, parking fees or domestic help. It doesn't take into calculations income tax.

 

https://www.numbeo.com/cost-of-living/city-estimator/in/Bangkok

 

@Yamato San, how accurate is the estimates above?  (See link for input perimeters)

 

Kapunkrap!

 

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i buy sgd2m worth of this share.

 

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then every yr get at least minimum sgd60k foc and tax-free for retirement like sakti teochew towkay in bkk.

 

song bo, kgks?????

 

wahahahhahahahha

 

Murder is Everywhere: Vice and Virtue

 

 

Edited by socrates469bc
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8 hours ago, Bigbird said:

Cost of Living Estimator in Bangkok, Thailand

Restaurants 4,115.92 ฿
Meal, Inexpensive Restaurant 70.00 ฿ x 14.88 = 1,041.60 ฿
Meal for 2 People, Mid-range Restaurant, Three-course 817.54 ฿ x 1.86 = 1,520.63 ฿
Domestic Beer (0.5 liter draught) 66.32 ฿ x 0.8835 = 58.59 ฿
Imported Beer (0.33 liter bottle) 130.00 ฿ x 0.8835 = 114.85 ฿
Coke/Pepsi (0.33 liter bottle) 17.65 ฿ x 2.6505 = 46.77 ฿
Water (0.33 liter bottle) 8.83 ฿ x 2.6505 = 23.41 ฿
Cappuccino (regular) 70.43 ฿ x 18.60 = 1,310.07 ฿
   
Going out 825.49 ฿
Cinema, International Release, 1 Seat 220.00 ฿ x 2.10 = 462.00 ฿
Domestic Beer (0.5 liter draught) 66.32 ฿ x 0.525 = 34.82 ฿
Imported Beer (0.33 liter bottle) 130.00 ฿ x 0.525 = 68.25 ฿
Coke/Pepsi (0.33 liter bottle) 17.65 ฿ x 0.525 = 9.26 ฿
Water (0.33 liter bottle) 8.83 ฿ x 0.525 = 4.64 ฿
Cappuccino (regular) 70.43 ฿ x 3.50 = 246.52 ฿
   
Cigarettes 0.00 ฿
Cigarettes 20 Pack (Marlboro) 150.00 ฿ x 0.00 = 0.00 ฿
   
Food at Home 3,553.14 ฿
Loaf of Fresh White Bread (500g) 42.67 ฿ x 2.48 = 105.83 ฿
Rice (white), (1kg) 39.32 ฿ x 6.20 = 243.77 ฿
Eggs (regular) (12) 56.54 ฿ x 4.96 = 280.43 ฿
Chicken Fillets (1kg) 82.12 ฿ x 4.96 = 407.32 ฿
Beef Round (1kg) (or Equivalent Back Leg Red Meat) 297.05 ฿ x 2.48 = 736.67 ฿
Apples (1kg) 94.27 ฿ x 6.20 = 584.45 ฿
Banana (1kg) 39.52 ฿ x 6.20 = 245.05 ฿
Oranges (1kg) 68.95 ฿ x 3.72 = 256.51 ฿
Tomato (1kg) 51.45 ฿ x 4.96 = 255.21 ฿
Potato (1kg) 47.95 ฿ x 4.96 = 237.85 ฿
Onion (1kg) 47.13 ฿ x 2.48 = 116.88 ฿
Lettuce (1 head) 33.53 ฿ x 2.48 = 83.15 ฿
   
Drinks at Home 596.81 ฿
Domestic Beer (0.5 liter bottle) 60.24 ฿ x 2.5595238 = 154.20 ฿
Imported Beer (0.33 liter bottle) 105.73 ฿ x 0.5119048 = 54.13 ฿
Bottle of Wine (Mid-Range) 700.00 ฿ x 0.3839286 = 268.75 ฿
Water (1.5 liter bottle) 15.97 ฿ x 7.50 = 119.74 ฿
   
Car and Gasoline 0.00 ฿
Gasoline (1 liter) 25.43 ฿ x 0.00 = 0.00 ฿
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 1,500,000.00 ฿ x 0.00 = 0.00 ฿
   
Public Transport and Taxi 18,195.00 ฿
Taxi Start (Normal Tariff) 35.00 ฿ x 62.00 = 2,170.00 ฿
Taxi 1km (Normal Tariff) 35.00 ฿ x 403.00 = 14,105.00 ฿
Taxi 1hour Waiting (Normal Tariff) 120.00 ฿ x 5.1666667 = 620.00 ฿
One-way Ticket (Local Transport) 33.00 ฿ x 0.00 = 0.00 ฿
Monthly Pass (Regular Price) 1,300.00 ฿ x 1.00 = 1,300.00 ฿
   
Leisure and Sport Memberships 1,216.28 ฿
Fitness Club, Monthly Fee for 1 Adult 2,029.05 ฿ x 0.00 = 0.00 ฿
Tennis Court Rent (1 Hour on Weekend) 288.00 ฿ x 0.00 = 0.00 ฿
Vacation and Travel (Monthly Approximate Amount) 1,216.28 ฿
   
Utilities 2,345.96 ฿
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment 3,080.48 ฿ x 0.6547619 = 2,016.98 ฿
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 1.80 ฿ x 20.00 = 36.07 ฿
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 585.82 ฿ x 0.50 = 292.91 ฿
   
Clothing and Shoes 435.09 ฿
1 Pair of Jeans (Levis 501 Or Similar) 1,698.28 ฿ x 0.05 = 84.91 ฿
1 Summer Dress in a Chain Store (Zara, H&M, ...) 1,162.93 ฿ x 0.05 = 58.15 ฿
1 Pair of Nike Running Shoes (Mid-Range) 3,016.00 ฿ x 0.05 = 150.80 ฿
1 Pair of Men Leather Business Shoes 2,824.67 ฿ x 0.05 = 141.23 ฿
   
Rent 20,416.67 ฿
Apartment (1 bedroom) in City Centre 20,416.67 ฿ x 1.00 = 20,416.67 ฿
   
Childcare 0.00 ฿
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 10,174.24 ฿ x 0.00 = 0.00 ฿
International Primary School, Yearly for 1 Child 490,237.43 ฿ x 0.00 = 0.00 ฿
   
Other Goods and Services 2,584.63 ฿
Household Supplies, approximation using (Groceries index + 20) / 100.0 x 20EUR x 1 family members 602.86 ฿
Electronics, approximation using 20.0EUR * (household members + 1) formula 1,459.54 ฿
Other, approximation using Cost of Living Plus Rent Index 522.24 ฿
   
 
Overall estimate monthly spending* 54,285.00 ฿

* Note that our estimator is limited in number of items it uses to do an estimate. It doesn't include insurance, health related expenses, parking fees or domestic help. It doesn't take into calculations income tax.

 

https://www.numbeo.com/cost-of-living/city-estimator/in/Bangkok

 

@Yamato San, how accurate is the estimates above?  (See link for input perimeters)

 

Kapunkrap!

 

Under clothing got jeans and dress but no shirt or t-shirt? Go topless ar? Also no need underweat?

Where chiu hide the budget for drinking coconuts? 

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14 hours ago, Standing Birdy said:

Under clothing got jeans and dress but no shirt or t-shirt? Go topless ar? Also no need underweat?

Where chiu hide the budget for drinking coconuts? 

 

You for to the website and go through the notes bah!

 

Perhaps u just wear dress lah! :hehe: 

 

But most of the time AMDK no need wear t-shirt, also go commando lah!

 

1 hour ago, XianGe said:

61% prefers to pay $1m to retire

 

Not only 61%, all of us that are still in SG & remains in SG are asking for it!

 

By remaining here, is just a physical acknowledgement of support & accepting faith, no matter how much one complains!

Edited by Bigbird
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1 hour ago, Bigbird said:

 

You for to the website and go through the notes bah!

 

Perhaps u just wear dress lah! :hehe: 

 

But most of the time AMDK no need wear t-shirt, also go commando lah!

 

 

Not only 61%, all of us that are still in SG & remains in SG are asking for it!

 

By remaining here, is just a physical acknowledgement of support & accepting faith, no matter how much one complains!

Basically olden days ppl way... Cos to them they fall into comfort zone and have refugee mentality

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lol buying retirement home in indo now! :good:

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On 3/10/2021 at 12:07 AM, XianGe said:

Basically olden days ppl way... Cos to them they fall into comfort zone and have refugee mentality

 

Yes, those Pioneer/merdeka Gen dont get to travel much and when they go oversea for holidays.  They only see attractions with back to back itineraries!   The LKY "i must obey Poopies & whatever Gof says is right mentality" syndrome, is so ingrained into the Pioneer/merdaka Gen that all of them are like the Jap "Hachiko" obedient dog (sinkies) who still wait for lky master even he is dead liao!

 

Those who are born in the 70's & 80's should be expose to global business travels!  So should have some global exposures and  background on what's the pros & cons of each countries!  These are those who are the early explorers taking business outside outside of SG,   These are the most fun days where many things are cheap and good!

 

Now in the 20th Cen,with budget travels, everyone is traveling and to capitalist better prospects and opportunities Eg,  the cecas leaving for better income and getting out of their indian caste systems (without leaving indian, they will always have their caste stigma.)   This is their motivation to get to SG.

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11 hours ago, Bigbird said:

 

Yes, those Pioneer/merdeka Gen dont get to travel much and when they go oversea for holidays.  They only see attractions with back to back itineraries!   The LKY "i must obey Poopies & whatever Gof says is right mentality" syndrome, is so ingrained into the Pioneer/merdaka Gen that all of them are like the Jap "Hachiko" obedient dog (sinkies) who still wait for lky master even he is dead liao!

 

Those who are born in the 70's & 80's should be expose to global business travels!  So should have some global exposures and  background on what's the pros & cons of each countries!  These are those who are the early explorers taking business outside outside of SG,   These are the most fun days where many things are cheap and good!

 

Now in the 20th Cen,with budget travels, everyone is traveling and to capitalist better prospects and opportunities Eg,  the cecas leaving for better income and getting out of their indian caste systems (without leaving indian, they will always have their caste stigma.)   This is their motivation to get to SG.

 

i know of a few sgp and bolehsian towkays who venture into indochina during the 1990s and really make it big.

 

but the real sakti one is a bolehsian towkay who went hk to do biz with tiongland in the 1960s.

 

some records indicate he may have dealings with them as early as 1950.

 

5 Things You May Or May Not Know About Robert Kuok | Lifestyle | Rojak Daily

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12 hours ago, socrates469bc said:

 

so based on this living expenses, i can afford to bao 2 chulalongkorn uni sisters for thb80k per mth.

 

really is song song to top of iconsiam!!!!!!

 

Bordelurile din Bangkok pompează apa direct din pânza freatică - Black News

 

Senpai!

You should widen your scope. There are many others in other parts of the world besides Thais!

 

As long as i am mobile, i wont stay in 1 place for long!  The world has so much to offer to remain in a little red dot or SEA!

 

I like to Make new friends, Learn new things & Make Love, Not War! :hehe:

Edited by Bigbird
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1 hour ago, Bigbird said:

 

Senpai!

You should widen your scope. There are many others in other parts of the world besides Thais!

 

As long as i am mobile, i wont stay in 1 place for long!  The world has so much to offer to remain in a little red dot or SEA!

 

I like to Make new friends, Learn new things & Make Love, Not War! :hehe:

 

i stay bkk, only 1 hr away from kl bolehsian bus, 3 hrs away from shanghai atbs, 1 hr away from saigon vietbus, 2 hrs away from pinoy bus and only 5 minutes away from chulalongkorn sisters.

 

wahahahhahaha

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22 hours ago, socrates469bc said:

 

i stay bkk, only 1 hr away from kl bolehsian bus, 3 hrs away from shanghai atbs, 1 hr away from saigon vietbus, 2 hrs away from pinoy bus and only 5 minutes away from chulalongkorn sisters.

 

wahahahhahaha

 

Senpai,

When u retiring?  Your budget can FIRE & retire well already!

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  • 2 months later...

Taiwan actually buaypai oso, language isnt a barrier for me personally either. Taiyu is basically Hokkien, so yeah....

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On 3/12/2021 at 11:15 PM, Bigbird said:

 

Senpai!

You should widen your scope. There are many others in other parts of the world besides Thais!

 

As long as i am mobile, i wont stay in 1 place for long!  The world has so much to offer to remain in a little red dot or SEA!

 

I like to Make new friends, Learn new things & Make Love, Not War! :hehe:

Got big bird easy la. You get it free

 

some got only small kukubu

 

every where must pay

 

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Helping a friend to gain more subscribers. He is quite a talented music creator. Look for "Thee Influence" in Youtube

   
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8 minutes ago, ManOfTheHour said:

how much is this place?

 

current price ard sgd300k for a 1-bedroom now.

 

but sure will have firesale as many were sold to tiongs at ard sgd600k or more in 2016-2018.

 

i shld have bot in a unit at sgd150k during the soft launch in 2011.

Edited by socrates469bc
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