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$800 Social Security Budget
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Is $800.00 per month in Social Security enough to retire comfortably in the Philippines?
diggetydan
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Probably not. I found that spending about 80,000 pesos (US$1,550 or A$2,275) per month, didn’t give me the same lifestyle that I was used to. It depends what you class as “comfortable”. From a survey in 2015, of Westerners living in the Philippines.. About half spend upwards of 92,000 pesos per month (A$2,875)About one third spend under 65,000 pesos per month (A$2,030)About one third spend over 115,000 pesos per month (A$3,600) FX Conversion rates at Aug/Sept 2015 How Much Do Expats Spend in The Philippines Can I Live in the Philippines For $600 USD per Month?
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It may be enough for living in the Philippines but you need to check out the Philippines official website to find out what are the requirements for retiring there.