5 Amazing Asian Cities That Will Maximize Your Retirement Fund

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Come retirement years and you are your own person. You can now explore and enjoy without a care about deadlines and work pressures. We have five recommendations that will make your retirement fund run longer, while ensuring you have fun. Perhaps, you can make one of them your next home?

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To truly discover a new place and understand its culture, 3 day itineraries don’t do any justice. Now that you have the time, explore these cities at leisure. Of course, there are expenses involved, which is why our recommendations will ensure you spend less in these cities than you do in Singapore. Apart from accommodation, of course.

So, here are what average costs in Singapore look like:

Food (basic lunchtime menu including a drink): S$12
Medication (one box of antibiotics): S$29
Transport (Volkswagen Golf 2.0 TDI 140 CV (or equivalent), with no extras, new): S$122,527
Entertainment (two movie tickets): S$24
And here’s your new travel list:

1. Chennai, India

Chennai is the capital of the Indian state of Tamil Nadu. The city has much to offer, teeming with temples, museums and fascinating stories. If you love beaches, then you will enjoy your walks at the Marina Beach. Bustling with life, you can see the fishermen laying out their nets or setting sail to head out into the seas. The city has an affordable and efficient transport system, great traffic management, and an overall good quality of life. Chennai is relatively safe, with very good medical care. And here’s a look at the costs of living there.

Food: S$5.79
Rent: S$500
Medication: S$3.20
Transport: S$25,006
Entertainment: S$7

2. Colombo, Sri Lanka

Colombo, the capital city of Sri Lanka, has most major infrastructure amenities available, extensive public transport, a rich culture, and a cosmopolitan population. Its beautiful beaches, stylish shops and fine dining restaurants will make sure you never have a dull moment. If you enjoy golf, then the Royal Colombo Golf Club, with its 129 years’ history, may be a great place to work on your handicap. Of course, along with all these benefits, it is not very expensive to stay in Colombo. Average costs are as follows:

Food: S$4.29
Medication: S$4.68
Transport: S$43,116
Entertainment: S$10

3. Chiang Mai, Thailand

If you want to turn your retirement into an adventure, move to Thailand. And especially so, if you want to be pampered silly! We recommend Chiang Mai. Explore the land of elephants, mountains, art, night markets and relish khao soi like the locals do. Steeped in history, the place retains its small-town charm, which can be quite appealing if you want to get away from the land of the high rises. We have picked the beautiful Chiang Mai over other places in Thailand since the cost of living is really low here. Let’s take a look at some of the average costs:

Food: S$4.37
Medication: S$8
Transport: S$35,114
Entertainment: S$12

4. Cebu, Philippines

Let your retirement be like a never-ending beach vacation. This pristine island is perfect for a long stay due to the perfect combination of modern amenities and natural beauty. Easy and affordable to get around, efficient medical services, and close proximity to other Asian countries, makes the city an ideal retirement choice. Furthermore, no language challenges here, as English is widely spoken and understood. Let’s take a look at what this lovely stay could cost you on an average:

Food: S$4.89
Medication: S$21
Transport: S$49,258
Entertainment: S$12

5. Hanoi, Vietnam

Delicious street food, scenic lakes, vibrant markets and quirky street cafes and bars make living in Hanoi fun. This economically fast-growing capital of Vietnam has a rich history (it is nearly thousand years old) and boasts of ancient pagodas, monuments and temples. If you love cooking, Hanoi’s wet markets in Dong Xuan will introduce you to interesting sights and smells, ensuring you have a basket of fresh produce when you head home. Living in Hanoi is like residing in Vietnam’s cultural hub. And it comes cheap!

Food: S$4.39
Medication: S$10
Transport: S$63,094
Entertainment: S$10

Living a good quality of life need not always be expensive. If you make the right choice, and remember to get travel insurance before you go, you can have an unforgettable retirement exploring new places, without the burden of financial worries. You can also add a little extra to your holiday if you choose the right credit card to take with you. If you were to take a travel credit card, for example, it would help you earn air miles and give you access to special offers at hotels and restaurants that you visit.