Here's How Much Money You Need to Retire in South America
Depending on your lifestyle and location, you may need up to $600k to retire comfortably. However, only 14% of Americans in their 40s and 50s have more than half a million put away
However, another, more affordable option is to retire abroad. Here's a look at how much money you'd need in affordable South American Countries
On average, you'd need about three hundred fifty thousand dollars saved to retire comfortably in Uruguay.
Slightly cheaper, you'd need on average $321,286 saved for a comfortable Chilean retirement
You'd only need about $312000 saved to retire comfortably in Peru - as a bonus you will be located near the iconic Machu Picchu!
You'd need just under $300000 to retire in Peru's northern neighbor
Argentina is a top destination. Though you may be paying more in Buenos Aires, you can retire comfortably outside the capital on a little more than $280000
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