Go Back  British Expats > Living & Moving Abroad > Europe > Spain
Reload this Page >

How Much Is Enough?

Wikiposts

How Much Is Enough?

Thread Tools
 
Old May 9th 2016 | 2:11 am
  #1  
Thread Starter
BE Enthusiast
 
Joined: Mar 2010
Posts: 783
From: Winterpeg
GC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond repute
Default How Much Is Enough?

My wife and I are considering retiring to Spain in the next few years. Our initial concern is would we have enough money for a comfortable retirement?
We would probably have enough to buy a property outright but would 2000 Euros per month be adequate for all the other expenses including running a car, food, household bills, internet etc?
Any advice would be welcome, thanks.
 
Old May 9th 2016 | 7:19 am
  #2  
BE Enthusiast
 
Joined: Jun 2013
Posts: 990
Neptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond repute
Default Re: How Much Is Enough?

More than enough, unless you live a particularly lavish life style
 
Old May 9th 2016 | 8:00 am
  #3  
BE Enthusiast
 
Joined: Aug 2008
Posts: 509
lyric030250 is an unknown quantity at this pointlyric030250 is an unknown quantity at this pointlyric030250 is an unknown quantity at this pointlyric030250 is an unknown quantity at this pointlyric030250 is an unknown quantity at this pointlyric030250 is an unknown quantity at this pointlyric030250 is an unknown quantity at this pointlyric030250 is an unknown quantity at this pointlyric030250 is an unknown quantity at this pointlyric030250 is an unknown quantity at this pointlyric030250 is an unknown quantity at this point
Default Re: How Much Is Enough?

I would say carefully comfortable.
It starts to mean you have to watch your cents about 1200€ per.
 
Old May 9th 2016 | 11:50 am
  #4  
Thread Starter
BE Enthusiast
 
Joined: Mar 2010
Posts: 783
From: Winterpeg
GC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond repute
Default Re: How Much Is Enough?

We don't consider ourselves as lavish in any form. Just don't want to lay in bed worried about money issues.
The estimated pension is obviously based on the current exchange rate, that's something we will have to watch carefully.
 
Old May 9th 2016 | 12:54 pm
  #5  
missile's Avatar
Started off with nothing
 
Joined: Feb 2009
Posts: 4,987
missile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond repute
Default Re: How Much Is Enough?

I would suggest a good guide is:
If you can live comfortably on €X in the UK, you will be able to do the same in Spain.
 
Old May 9th 2016 | 1:17 pm
  #6  
Thread Starter
BE Enthusiast
 
Joined: Mar 2010
Posts: 783
From: Winterpeg
GC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond reputeGC44 has a reputation beyond repute
Default Re: How Much Is Enough?

Originally Posted by missile
I would suggest a good guide is:
If you can live comfortably on €X in the UK, you will be able to do the same in Spain.
Slightly more complicated than that as we live in Canada!
Get your point though, thanks
 
Old May 9th 2016 | 1:51 pm
  #7  
missile's Avatar
Started off with nothing
 
Joined: Feb 2009
Posts: 4,987
missile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond repute
Default Re: How Much Is Enough?

Originally Posted by GC44
Slightly more complicated than that as we live in Canada!
Get your point though, thanks
LMAO
 
Old May 9th 2016 | 6:15 pm
  #8  
Fredbargate's Avatar
Lost in BE Cyberspace
 
Joined: Feb 2007
Posts: 10,759
From: Land of no recession
Fredbargate has a reputation beyond reputeFredbargate has a reputation beyond reputeFredbargate has a reputation beyond reputeFredbargate has a reputation beyond reputeFredbargate has a reputation beyond reputeFredbargate has a reputation beyond reputeFredbargate has a reputation beyond reputeFredbargate has a reputation beyond reputeFredbargate has a reputation beyond reputeFredbargate has a reputation beyond reputeFredbargate has a reputation beyond repute
Default Re: How Much Is Enough?

A point to consider is if one of you were to pass away would the surviving partner have enough income?
 
Old May 9th 2016 | 6:50 pm
  #9  
missile's Avatar
Started off with nothing
 
Joined: Feb 2009
Posts: 4,987
missile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond repute
Default Re: How Much Is Enough?

I don't like to be negative, but I know several pensioners who would dearly love to move back home, but can't sell their property and could not afford to buy what they left. They feel trapped in Spain.


Make sure you have an exit strategy, .......... just it case!
 
Old May 9th 2016 | 10:45 pm
  #10  
BE Enthusiast
 
Joined: Jun 2013
Posts: 990
Neptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond repute
Default Re: How Much Is Enough?

Originally Posted by missile
I don't like to be negative, but I know several pensioners who would dearly love to move back home, but can't sell their property and could not afford to buy what they left. They feel trapped in Spain.


Then you would have to reduce the price of your Spanish property,lower your expectations, and buy a smaller property in the UK in a cheaper area, which is what we did
Can you really expect to buy what you left, and why would you want to anyway, if you're a pensioner.
As for the previous comment about having enough to live on if the partner died
There is usually an inheritance, a proportion of the deceased's pension plus any savings, so in the majority of cases, yes, probably more than enough.

Last edited by Rosemary; May 9th 2016 at 10:52 pm. Reason: correcting quote
 
Old May 9th 2016 | 11:12 pm
  #11  
missile's Avatar
Started off with nothing
 
Joined: Feb 2009
Posts: 4,987
missile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond reputemissile has a reputation beyond repute
Default Re: How Much Is Enough?

Originally Posted by Neptuno
Then you would have to reduce the price of your Spanish property,lower your expectations, and buy a smaller property in the UK in a cheaper area, which is what we did
Can you really expect to buy what you left, and why would you want to anyway, if you're a pensioner.
As for the previous comment about having enough to live on if the partner died
There is usually an inheritance, a proportion of the deceased's pension plus any savings, so in the majority of cases, yes, probably more than enough.
Not everyone has your foresight. Whilst prices continue to rise in UK, many pensioners simply cannot afford to relocate. Where can you buy a house for 80,000€ ???
 
Old May 9th 2016 | 11:28 pm
  #12  
Lost in BE Cyberspace
 
Joined: Feb 2013
Posts: 6,255
Moses2013 has a reputation beyond reputeMoses2013 has a reputation beyond reputeMoses2013 has a reputation beyond reputeMoses2013 has a reputation beyond reputeMoses2013 has a reputation beyond reputeMoses2013 has a reputation beyond reputeMoses2013 has a reputation beyond reputeMoses2013 has a reputation beyond reputeMoses2013 has a reputation beyond reputeMoses2013 has a reputation beyond reputeMoses2013 has a reputation beyond repute
Default Re: How Much Is Enough?

Originally Posted by missile
Not everyone has your foresight. Whilst prices continue to rise in UK, many pensioners simply cannot afford to relocate. Where can you buy a house for 80,000€ ???


Well had a quick look and would probably need some work, but possible
Lenamore, Monivea, Co. Galway - House For Sale


I agree with you though and living in a country where you don't speak the language can be very tough and people should always be aware of that. The sun also goes down in Spain (actually earlier) and when you're old and alone in the dark, might not be that great.
 
Old May 10th 2016 | 12:27 am
  #13  
Account Closed
 
Joined: Oct 2012
Posts: 0
scrubbedexpat095 is an unknown quantity at this point
Default Re: How Much Is Enough?

Originally Posted by missile
Not everyone has your foresight. Whilst prices continue to rise in UK, many pensioners simply cannot afford to relocate. Where can you buy a house for 80,000€ ???
Actually properties ranging in price from 50 to 100K are quite easy to find all over the UK (apart from London and the South East of course)

Evidently most are Terrace houses or ex Council houses but a quick google showed me one in a Northumberland village close to the sea, if I was in the UK I would certainly make an offer.

Not everyone wants to live in a 3 Bedroom semi detached (the most common form of UK housing) average price 189K
 
Old May 10th 2016 | 12:56 am
  #14  
Lost in BE Cyberspace
 
Joined: Feb 2008
Posts: 6,172
bobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond reputebobd22 has a reputation beyond repute
Default Re: How Much Is Enough?

Originally Posted by mfh
Actually properties ranging in price from 50 to 100K are quite easy to find all over the UK (apart from London and the South East of course)

Evidently most are Terrace houses or ex Council houses but a quick google showed me one in a Northumberland village close to the sea, if I was in the UK I would certainly make an offer.

Not everyone wants to live in a 3 Bedroom semi detached (the most common form of UK housing) average price 189K
Northumberland is a large and varied place which village?
 
Old May 10th 2016 | 1:48 am
  #15  
BE Enthusiast
 
Joined: Jun 2013
Posts: 990
Neptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond repute
Default Re: How Much Is Enough?

Originally Posted by missile
Not everyone has your foresight. Whilst prices continue to rise in UK, many pensioners simply cannot afford to relocate. Where can you buy a house for 80,000€ ???
We moved to Yorkshire which does have houses for £80 k, may not have everything you want, but certainly you get more for your money up here.
 


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Your Privacy Choices

Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.