Quote Originally Posted by stevewool View Post
....If you have enough cash to see you through your last years what else can go wrong, dont mention your health because there is little you can do to avoid health issues other then try to live healthily
Don’t believe everything you hear about very cheap Philippines Retirement.
Personally I could not live like a king on USD700 per month which is something banded about the internet.

The first thing I'd say is be extremely cautious about moving to the Philippines with only cash savings to see you through until any pensions become payable.
Money can easily slip through your fingers, even on normal daily living let alone touring around in 'holiday fashion'

I'd say wait until you have pension income.

If you want to enjoy your retirement with only a pension income and a good nestegg, and do all those things you want, the I say you'll easily need a minimum disposable income of around P30k-P50k. Means not including housing and utility costs.
Others may disagree, it does depend on the life you want. I want more than just existing in ex-pat bubble. I want to travel around, at least my surrounding areas. Living for me means eating out once in a while, shopping for clothes and some those bits and bobs that make life good. Living in a nice safe environment, in a place that has proper walls, a roof and garden. Having some kind of reasonable internet access and cable TV.
Arriving in the Philippines without adequate funding will very soon turn your dream into a nightmare.

Don't ask what is adequate. Define/list those things that you want out of your life here and everyone will help put a cost to each. Add it all up. You'll see what I mean.

Living off your nestegg just isn't viable. Well unless it runs to Pmillions
Living off savings for 5 years with a grand total monthly spend of say P80k will end up at P4.8M
That's a big chunk of over £68k gone forever.

Sorry if I misunderstood anything.
Just sharing something