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.

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Comments (78)

Sep 26, 2021 - 3:14am

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. 

Sep 26, 2021 - 3:38am

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. 

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Sep 26, 2021 - 12:52pm

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.

Most Helpful
  • Teller in PE - Other
Sep 26, 2021 - 4:28pm

monkey0114

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...

Sep 27, 2021 - 6:45am

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. 

Sep 27, 2021 - 1:47pm

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.

Sep 26, 2021 - 1:44pm

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. 

Sep 26, 2021 - 3:24pm

monkey0114

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.

This is sarcasm, right.  

  • 1
Sep 26, 2021 - 8:24pm

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.

Sep 28, 2021 - 4:37pm

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.

Sep 28, 2021 - 4:45pm

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.

  • Intern in IB-M&A
Sep 26, 2021 - 1:09pm

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.

Sep 26, 2021 - 4:11pm

somewhat related but would be great to convince In n Out to give me a franchise to cash flow in my golden years

Quant (ˈkwänt) n: An expert, someone who knows more and more about less and less until they know everything about nothing.

Oct 11, 2021 - 10:54pm

I shouldn't have expected better from you. I did and made a mistake.

Array

  • 1
  • Senior Consultant in Consulting
Sep 27, 2021 - 9:14am

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.

Sep 27, 2021 - 3:55pm

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.

Sep 28, 2021 - 4:02pm

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.

Sep 28, 2021 - 10:29am

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 

Sep 27, 2021 - 11:19pm

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

  • Associate 1 in PE - LBOs
Sep 28, 2021 - 3:17am

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

Sep 28, 2021 - 10:40am

Probably just get some shitty cabin up in NH or something as soon as possible. No need to get fancy.

Sep 28, 2021 - 4:19pm

That'd be awesome. Haven't made it out JH yet, but Belize is amazing 

  • Associate Director in IB - Gen
Sep 30, 2021 - 9:55am

Either in Thailand, or a remote area in Virginia/North Carolina with trees, a stream, a nice cleared field, and no fucking neighbors. 

Oct 11, 2021 - 8:35pm

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  • Associate 3 in PE - LBOs
Oct 11, 2021 - 10:47pm

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Oct 11, 2021 - 11:33pm

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