The SE Asian region is a spread of the following 10 or 11 countries, depending on whether East Timor is counted, offering a unique backdrop for designing your dream lifestyle in SE Asia.
THE SE ASIAN REGION SPOILS AN ASPIRING RETIREE FOR CHOICE
Each one offers a unique experience of cultures, history, food, landscapes, retirement options, religious beliefs, activities, public transport, healthcare, and political systems.
All are at different stages of economic development and population demographics; therefore, it can be rather a complex choice of selecting the one most suitable for you.
RETIRING TO SE ASIA: ASK THESE QUESTIONS?
Knowing, where and how to start, can sometimes be half the battle.
We aim to simplify this for you by offering the necessary information, tools, and current data to help you embark on designing your dream retirement lifestyle in Southeast Asia.
RETIRE TO ASIA’S RETIREMENT COST OF LIVING COMPARISON CALCULATOR
This free online tool contains data on 48 popular SE Asian retirement locations in six countries, with the cost of living, versus that of up to 40 Australian cities / towns / regions.
Australia (40 Locations)
Cost of living comparison
SE Asia (48 locations)
NOTE: An international version of the calculator will be released later in 2024.
The NEW Calculator TAB on our website links directly to our unique Cost of Living Calculator. It has been designed to help you answer the following questions:
IT IS ALL ABOUT YOU!
Even if you do not know exactly where you may wish to put down roots, in SE Asia, our website outlines popular destinations in each country, along with a snapshot of lifestyles, climate, property, healthcare, transportation accessibility, and other relevant information.
To further assist, I will share with you my own retirement plans that have been designed to allow me to do exactly that – Retire to SE Asia using this information and online tools.
Intrigued?… then read the information, use the tools we provide, and get started!
TAILOR THE REPORT WITH YOUR OWN PERSONAL SITUATION
Once you have researched where you might like to retire, you can plug in the following variables, into our online retirement cost of living comparison calculator.
These relevant inputs are as follows:
- Australian location(s) you wish to compare from: (40 choices from all states).
- SE Asian countries and specific location(s) to compare to: (6 countries / 48 locations).
- Your estimated or actual retirement budget in Australia,
- Income you may earn by renting your Australian home or costs to hold it here,
- Expected investment returns and your anticipated Inflation rate,
- Australian health insurance current costs (single / couple),
- Actual or estimated cost of renting overseas (1, 2 or 3 bedrooms in or out of CBD),
- Actual or estimated cost of International Private Health Cover (single / couple).
YOUR COST-OF-LIVING COMPARISON REPORTS ARE GENERATED
Once you enter the above data, push the calculate button, to generate your three main Cost of Living in SE Asia Comparison reports.
It contains both tables and graphs, which answer the following three questions:
Save to PDF, print, or do both.
The following tables and graphs will show you the financial viability of each scenario.
HOW I PLAN TO RETIRE TO SE ASIA – AN ONLINE EXAMPLE
The next four pages, highlight exactly how these reports can begin to assist you in considering the possibility and affordability of relocating or retiring to SE Asia.
ACCUMULATED COST OF LIVING SAVINGS OVER 1 TO 25 YEARS
EQUIVALENT POSSIBLE RETIREMENT BUDGET IN SE ASIA
YOUR SE ASIAN LIFESTYLE ANALYSIS SUMMARY
WHAT WAYS DO OUR CLIENTS (AND CAN YOU) RETIRE TO SE ASIA?
We have found that there are three common approaches:
- I’m all in: Where people say they are selling up and moving to SE Asia and planning never to come back. Only about 5% will be thinking this way.
- Try before we buy: About 60% initially plan to move up there for maybe a year, two years or more and “see how we go”. It’s important to remember that the move can be as long or as short as you wish it to be.
- Best of both worlds: The remainder of about 35% plan to alternate between SE Asia and home – for example spend six months in each location each year.
MAIN REASONS WHY PEOPLE WISH TO RETIRE TO SE ASIA?
We are all different and we all have our specific reasons for looking to SE Asia as either a part-time or permanent retirement destination. Having talked to thousands of people that have either made the move or are thinking about it, we found the following combination of reasons why people consider retiring to SE Asia:
- Financial reasons: SE Asia offers affordability. Typically, we find for a comparable Australian lifestyle, SE Asia offers a cost of living that is anywhere from 30% to 60% plus less expensive than back home depending on the chosen retirement destination.
- Lifestyle and adventure: Gone are the days when we retired and within five years were either dead or living in a nursing home. We are healthier, living longer, retiring earlier and we want to have some fun and adventure in our retirement years.
SE Asia offers an all-year-round tropical climate set amongst unique and welcoming local cultures. It is also an ideal base to explore the myriad of other cultures and experiences on offer throughout SE Asia and beyond.
- Community and companionship: Our modern Western lifestyle may leave many of us feeling less actively connected with the community. This can be because of permanently retiring from the workforce, children growing up or the end of a long-term relationship.
SE Asia offers both expat and local communities that are open and welcoming to newcomers of ALL generations. There are extensive networks of groups, clubs and organisations that will readily and happily assist in welcoming newcomers into the local community.
HOW THE RETIRE TO ASIA TEAM CAN MAKE IT HAPPEN FOR YOU?
For those of you who like to “research your topics” and do most or all of it yourself, then get familiar with our website and especially our “Issues to consider” Report. It outlines just some of the main issues that you may need to consider.
Professional help from Accountants, Legal, Real Estate Agents, Financial Planners etc, may be required. We have a referral panel of able professionals to assist you, if required.
Some other useful starting points include:
- Information on each of the 6 countries, under the Destinations TAB, outlines:
- Basic facts of each country,
- Popular retirement locations within,
- Separate detailed current Visa, Lifestyle, Property and Healthcare TABS.
- Our FAQ’s TAB answers some of the common questions we get from our clients.
- Under the TAB, “How R2A Can Help You” are listed a range of headings and in-depth topical information relating to these. Some, if not all, may be relevant to you.
- The PDFs in our Documents Library, outline some very helpful information that we already provide, via the website and our social media platforms. Plus, we also give a detailed description of our various service offerings, all for a modest fee, of course.
- Our Cost-of-Living Calculator is a must use online tool. Run scenario’s and compare multiple locations (40 Australian vs 48 SE Asian) to get a feel the options available.
- Read our library of 70 + blogs to get a feel for some of the lifestyle and locational options you may have to select from. Whilst some date back to 2016, most of the information remains highly relevant today.
- Join our regular newsletters, Facebook page and R2A Community group. SE Asia is in a constant state of flux, so we keep you abreast of the main developments.
AND, if it all seems too hard and overwhelming, we can help you with some or all the issues and procedures involved.
Remember, that’s what we do, we help clients Retire to SE Asia.
