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by kubb 28 days ago
You can retire in Korea on 200K after tax?
2 comments

CoL outside of Seoul is ridiculously cheap
Apparently a single person can live in Busan on 1500 USD per month. 200k buys you 11 years, not accounting for inflation and COL increase.

A 40 year old person can’t retire on that money.

If a person has already made progress on their retirement goals, then an additional 200K can certainly help to reach the goal faster.
That’s trivially true always and everywhere haha