How much money does a couple need to retire in Lake Chapala, Mexico?


How much money do you need to retire in Lake Chapala, Mexico? If you’re earning Social Security benefits, the payments would likely be more than enough. 

But for my expatriate friends….assuming you earned just $500 per month (2015 equivalent) from Social Security and you sold 4% of a stock and bond market portfolio each year, here are some estimated investment portfolio sizes required, assuming inflation averages 3.5%:

If retiring in 2015, you would need $390,000. Those retiring in 2020 would need $463,197.

If retiring in 2025, you would shoot for at least $550,133. And those seeking retirement in 2030 would need about $653,386. 

It’s always better to shoot for more, of course. But aren’t these figures a lot lower than you thought?

Forgive me for linking to the same article twice.  But you can check out my article on Lake Chapala, for a few specifics on costs.  

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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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