[galfarragem]

Be thankful, you might probably afford the best living standards that is possible to afford as an employee... worldwide.

I was an expat in Poland for some years (unfortunately non-STEM job) and with that money your only limit is yourself.

[taway_1212]

My plan is to retire in 5-7 years. I could do that sooner if I went into stock market (and prayed that the mythical 4% per year returns will be sustainable in the future) or became a landlord, but I prefer to play it safe.

[Luc]

Would you be retiring in Poland? What kind of monthly expense do you foresee?

I'm also dreaming of doing this, though currently on the other side of the world.

[taway_1212]

> Would you be retiring in Poland? What kind of monthly expense do you foresee?

Yes, retiring in Poland. My plan is to go broke at 90-95.

I'm thinking 5000-6000 PLN per month ($1300-$1500), plus owning a property, will allow for a great living. This should even cover a very good nursing home (well as far as these places can ever be very good) when I'm unable to take care of myself. (I dont' and won't have children).

BTW there seems to be plenty of people from the UK who moved permanently to SE Asia (I imagine it can be cheaper than Poland + no winters) and who are sustained via rent from their London flat/house.

[Luc]

Yes, I actually know of a couple on a sailboat living off the rent of their house in London.

I would like to retire in Europe. Thanks for your answer, it's nice to have a realistic ballpark figure.

[charlesdm]

What is playing it safe? Keeping it in cash in a bank account?

[taway_1212]

> Keeping it in cash in a bank account?

Yes. There are accounts in Poland which pay around 0-2% post-tax above inflation (the number vary year-to-year, depending on current economical conditions), which will help the capital still earn a bit of money.

[charlesdm]

Keeping your entire net worth in one currency seems pretty risky to me. Nothing is ever as it seems.

[taway_1212]

Yes that is a risk. Maybe I'll put some money into USD/EUR too.