The cost for the average American to retire in the U.S. is $737,997 — the fifth-highest figure for any country, according to a study by NetCredit. However, many Americans have far less than that saved.
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Fortunately, there are several countries where Americans can retire comfortable with less than $250,000 in savings, so if you’re willing to move abroad, you can live well for less. According to the NetCredit study, here are the countries where a smaller retirement nest egg will still get you far.
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1. Pakistan
Cost to retire comfortably: $187,065
2. India
Cost to retire comfortably: $188,901
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3. Bangladesh
Cost to retire comfortably: $189,625
4. Egypt
Cost to retire comfortably: $189,893
5. Nepal
Cost to retire comfortably: $214,396
6. Algeria
Cost to retire comfortably: $221,604
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This article originally appeared on GOBankingRates.com: 6 Countries Where Americans Can Retire Comfortably With Less Than $250K in Savings
