According to Northwestern Mutual's 2024 Planning & Progress Study, Americans estimate needing approximately $1.5 million for retirement, a 15% increase from 2023. In contrast, retiring in Malaysia presents an attractive alternative due to its low cost of living and safety, ranking second globally and first in Asia for retirement destinations. Properties in Malaysia can be purchased for around $997 per square meter, with rental costs significantly lower than in the U.S., allowing retirees to live comfortably on $2,500 per month, especially in desirable locations like Penang Island.
In late 2024, We Buy Any Home released a study on the top places to retire around the world, putting Malaysia in second place overall thanks to its affordable cost of living.
SmartAsset further explained that the overall cost of living in Malaysia is close to 54 percent lower than in the U.S., making it a place where your dollar can stretch a whole lot further.
Collection
[
|
...
]