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.
Check Out: The Money You Need To Save Monthly To Retire Comfortably in Every State
Read Next: 4 Housing Markets That Have Plummeted in Value Over the Past 5 Years
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.
1. Pakistan
- Cost to retire comfortably: $187,065
2. India
- Cost to retire comfortably: $188,901
Explore More: 50 Cheapest Places To Retire Across America
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
More From GOBankingRates
- 6 Costco Products That Have the Most Customer Complaints
- Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard
- 10 Unreliable SUVs To Stay Away From Buying
- 25 Places To Buy a Home If You Want It To Gain Value
This article originally appeared on GOBankingRates.com: 6 Countries Where Americans Can Retire Comfortably With Less Than $250K in Savings
