I got my yearly Social Security statement a few days ago. Retiring at 62 (this August) I’ll get something like $1150. Les is already getting around $1375, so between us, we should be getting around $2500/month. That sounds pretty good. If the cost of living in Mexico is a conservative half of what it is in the States, and many say it’s more like a third, the we should have the equivalent of $60K to live on. That’s fantastic! We sure couldn’t get by on only $30K in the States.
But the numbers can be deceiving. We have debts back here in the States, car loans, credit cards, etc., and they have to be paid in US Dollars. So, for every dollar we have to pay in the States, we effectively lose two dollars of income in Mexico. I’m trying to get those debt payments down before we go.