Where do you guys want to retire?
Dream Retirement Budget- 20-30 millies (ik thats rather difficult but with good investments and a good RE portfolio, 10% chance that it might be possible)
Like personally it depends on the situation of the world when I would be in my late 30s mid 40s but if you take the current scenario, I personally think 2 modest homes and one big mansion estate in my home country one rather high end apratment would be the best.
One of the modest ones in SoCal near the beaches with a large pool and great outdoors but a rather medium living space, the other one in Iceland/SwissAlps/NorthernCanada in a cold scenic "middle of nowhere" location with beautiful surroundings, basically a holiday home. High Rise apartment probably in NYC or another major city like London, Dubai or Sydney. And finally, a large mansion in the very LCOL Indian mountainous region with a large coffe farm estate.
With $20-30m you could retire anywhere and have an amazing life. Unless you're particularly drawn to somewhere, you might as well retire in NYC or wherever else you have personal connections etc.
My ambitions are somewhat more modest: $5m would suit me just fine. Hoping to live in one of the EMs I've worked with: Uzbekistan recently created a new residency visa that only requires a $400k investment (into property for example) - and that would almost buy you a palace in that part of the world. Ukraine and parts of SE Asia have similar schemes.
But that's just me. I've always loved travelling off the beaten track and learning languages, new ways of life etc. I don't need a high roller lifestyle; I just want the freedom to wake up in a nice apartment, get in a decent car, and drive in any direction for as long as I want without any obligations to anyone or anything.
Same. Would like to have my own farm with cows and chickens and a garden with vegetables in a cheap EM country and humble wife with many children, but am aiming for 20-30mil like OP.
How many children?
My wife's family is from a beautiful, super low COL country on the Mediterranean, so 100% there. Although I don't see myself having a full retirement.
I'm more interested in board seats, maybe a chairman emeritus role, and teaching a class at business school. I'm going to have worked for like 40 years for these connections, might as well not throw them away.
where?
Croatia, it's incredible there
La Jolla
Beautiful place.
Place is pristine, if you can afford a place near Windansea beach you’re in paradise. Top of my list for retirement
Truly amazing place, but expensive as hell :(
I'm not gonna lie for every crazy liberal social media post or story about schools teaching 6 year olds to be transgender I see, it pushes me closer and closer to just moving to Saudi or Dubai or somewhere in the middle east. I find the culture pretty interesting and its free of all the degeneracy from the west. Somewhere East Asia would be cool as well. I've heard a couple rappers say once they've made enough money they want to move to the Middle East for their kids to grow up.
Plus tax free capital gains is very attractive.
Dubai is an absolute hellhole of degeneracy, dunno what you're talking about.
Yeah but at least they don't teach your kids in school that white people are evil and there's 64 genders
Go have a look what's taught in schools in Saudi...
Well if you have kids there they'll almost certainly go to an international school, which if anything are even more progressive than the US public school system.
If they went to a local school (God forbid) they'd barely learn anything. The local population aren't expected to add value: they simply grow into an oil funded public sector job that they never have to show up for.
They instead have kids as young as 15 pushing crack at the international schools. I know a few people who grew up in Dubai, it’s probably the worst place in the world to raise kids. Plus as a foreigner you’re a second class citizen e.g. if an Emirati crashes into your car legally it’s still your fault and your entire family gets deported.
bro you must be weird af to want to leave the US to live in the Middle East. Don't you have family or friends?
Problem with the Gulf is it's f***ing boring. Cities like Dubai, Qatar etc are just concrete and steel jungles in the desert with very little to do beyond restaurants/shopping etc. And Saudi? Yeah Jeddah might be OK, especially if you're into diving, but anywhere else and you're essentially restricted to living in an expat compound bubble. Forget dating or nightlife, hell they didn't even have cinemas until a few years ago.
In any of these places the justice system can be pretty heavily biased against you too: say you get into a wreck with one of the (many) local drivers who'll be tailgating you at 100mph, you can expect it to somehow be your fault.
If you're bent on living in a very low tax city state with more conservative values than in the west, either Hong Kong or Singapore would be much, much better.
Yeah Saudi would be extreme but UAE and Qatar still seem decent. I get that they can be seen as boring but a lot of expats seem to stay there
This is sarcasm, right.
No, just pure stupidity.
What do you mean?
You've been tricked by the media to think Arab = conservative. That may be true for some Arabs, but the Gulf countries are all actually clamoring to be the most "Western." The only reason there's even a veneer of religiosity or conservatism in Saudi is because the royal family relies on the religious scholars for legitimacy. Saudi Arabia would already have the world's leading gender studies university if it weren't for the royal family's dependence on the scholars.
Disagree tbh pretty sure it is mainly the religious culture. Its not just Saudi its all over the middle east + africa + parts of asia. There's no gender studies teaching in Malaysia, Egypt, Nigeria etc
you can also consider Afghanistan then, very conservative, should just tickle your fancy
There's a youtube guy that focuses primarily on what countries treat you best. Nomad Capital. Saudi or Dubai sounds boring though.
Yeah just checked him out. Personally I like the idea of living in multiple places. You don't see rich people living in one city their whole life they usually live in different places.
I'm from the middle eastern origin (US Born) western culture has changed us for the worst with in the last 10 years shit went from 0 to 100. They slipped through the cracks and got through. Still not as bad but much worse than where we started. I heard Romania is good though they haven't got to them yet from what I heard.
Dubai and Saudi is the worst place to go. That is the SJD of the Arabs countries. I'm from Middle Eastern descent just get you a heads up Western culture has changed the Arab world a lot with in the last 10 years.Not as bad as the US but just not as good as it used to be. I heard Romania is good a good place.
Honestly I don't really want to retire and it will depend on my net worth, but London may be nice if I have enough money to buy in Mayfair.
mayfair is very very expensive idk anyone who buys a house there apart from rich businessmen and foreign money
Well that's why I said it would depend on my net worth haha
San Clemente, California
somewhat related but would be great to convince In n Out to give me a franchise to cash flow in my golden years
Malta
Oahu, Hawaii. Been there plenty of times and the views never get old. Give me 4-5,000 sq ft overlooking Waikiki and I’m all set.
Ranchos palos verdes , Los Angles CA
If your going PV...should splurge for PVE...
Some parts of rancho are very nice, especially the ones with city views. RHE is king
I grew up in PV, such a beautiful place. I hope to be able to afford it in the future. Plus the public schools are great.
Cap d'Agde, France
Look it up if you don’t know what this is.
I shouldn't have expected better from you. I did and made a mistake.
Sorry if it made you horny
Montecito, Monterey, Malibu, or Park City would be nice. Need to have a few of these criteria: good weather, skiing, coastal, racetrack, restaurants.
If you're rich there's always Aspen... you can walk to the lifts.
Barbados
Ideally somewhere in Tuscany, having bought a relatively cheap old property in the countryside with plenty of land. Have dozens of dogs, a small vineyard, 2-3M EUR in the bank and some form of very passive activity (likely investments) that yield 100K a year. Good situation to be in.
Depends on how much money I have. I definitely don't want to retire in FL.
If I have millions I'd happily buy a home in Del Mar, San Diego, CA.
Alternatively I'd be happy to buy a cheaper home in somewhere like Montenegro that's projected to become an EU member. Getting Montenegro citizenship is really cheap so it's like a discount way to become an EU resident one day.
I would go somewhere like Serbia rather than Montenegro. Serbia uses locan currency rather than Euros so COL is cheaper. There's way more to do in Serbia whereas Montenegro is mainly a seaside resort place, plus Serbian cities feels a lot more European.
The beachfront is precisely why I'd want it. Check out this friggin house for 550k euros https://tranio.com/montenegro/adt/1829725/
Grab yourself a boat and then go to Italy without overpaying for a hotel.
Newport Beach, only bad thing is that it's in California
that's why its nice tho...
Exactly, it's quite the conundrum
Home.
tomorrow
I would want to buy a couple different mountain homes and travel between them all.
Aspen ??
Maybe not aspen per say. but a lot of those towns, Maybe part of the Yellowstone club, Whistler. The goal would be own them all over North America and rent them out, but still have the option to travel to all the places
Travel the world, place in nyc, villa in south of france, place in vermont or monteal.
Costa Rica or Panama
Virgin Islands would be nice for a winter home? I like the cold tho… and skiing.
I don’t want to be all over the place, not when I’m older.
Florida has always gave me tacky vibes. Naples maybe.
A nice home up east, maybe have a place in Europe. (Greece or Italy)
Thing is you can always go on vacations
Dream is ~£17m net worth
allocated to-
£6m: family house in South Ken
£2.5m: Tuscany villa with vineyard
£2.5m: Nice small Paris pied-a-terre
£6m: Savings in passive investments. At a 6% yield per year (blend between RE, Equity, FI actively managed) that gives £360k a year income to book flights, holidays, pay for food, pay for any remaining years of kids schooling.
I love skiing (and also spending time in the sun) but I wouldn't buy a house to do those things, I'd rather just take trips to hotels and different resorts every year. £50k p/a on holidays of the £360k seems reasonable for a family of 4/5.
Aim is to hit that by 55, let's see how it goes! So far, 3 years & ~£150 of the way there, getting hands on bigger paychecks & carry soon, hopefully, should speed things up. Maybe finding a wife who does this too would make things easier
Probably just get some shitty cabin up in NH or something as soon as possible. No need to get fancy.
Somewhere in the mountains, probably Jackson Hole area, and somewhere at the beach, maybe Belize
That'd be awesome. Haven't made it out JH yet, but Belize is amazing
The Dream: Hvar, Croatia
The Reality: The Villages, Florida
sechelleyes
Somewhere in the mountains. Planning to spend my retirement days doing mountaineering and long distance hiking.
Either in Thailand, or a remote area in Virginia/North Carolina with trees, a stream, a nice cleared field, and no fucking neighbors.
Honestly, would probably spend most of the time in NYC - easy to get around, mentally stimulating, around people I know, things are close by, great medical care, altogether seems like a good place to keep myself young. So many people focus on the right natural environment and ignore the social environment... I've had relatives retire in places like Kansas City and Knoxville but lived happy, fulfilling retirements because they were surrounded by friends and family. Possibly a beach house wherever the greatest density of friends ends up, although I would also consider something like Inspirato that lets me travel regularly without anchoring to one place (though I may feel differently about that at 85 than at 65)
With the way J-Pow’s hoisting inflation Rafiki-style, $20-30M nominally may be well within reach man. Godspeed
LMAO OP listed about 20 - 30M in personal real estate by that time. What the fuck are you going to use to pay for all of that shit with?
Portugal is nice. The whole country is quite nice but somewhere on the south coast would be great. You'd be a 1.5 hour flight from Ibiza and your next-door neighbor is Spain. Alps for winter skiing. Yes please.
Naples, FL
I'd want to live somewhere in SoCal full-time but have a place in Park City or Vail or something
Similar to you my dream retirement would be to retire with 30-40 million.
For real estate I would split that up with
2-3 million $ house in Montara / Half Moon Bay / Pacifica OR equivalent value place in Marina District / Pacific Heights area of SF.
4-10 million $ house in La Jolla. (this or the Bay area home would be my primary residence)
2ish million $ apartment in NYC. (Would likely spend a lot of time here during winter months, I love NYC winters with the snow and Christmas markets & decorations.)
2-3 million $ estate in Zakopane or Warsaw (Poland). My home country and I would like to have a place there as a European Base.
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