A free calculator designed to help retirees and relocators compare living costs, healthcare quality, and lifestyle factors across US cities and international destinations. Find your perfect place to call home.
The Global Lifestyle Index Calculator is designed to help you explore global retirement options based on your financial situation and personal preferences. Here's how it works:
The Lifestyle Choices feature allows you to customize your expected monthly expenses for a more personalized retirement calculation. When enabled, you can specify your anticipated expenses in these categories:
Important Notes:
Tips for Accurate Planning:
Estimated Monthly Expenses: These expenses are based on the cost of living for a single person in each location. They include:
Please note that these are estimates and actual expenses may vary based on individual lifestyle choices and specific locations within each city.
Savings Duration: We provide two calculations for how long your savings might last:
Savings Bar Charts: The bar charts provide a visual representation of how your savings might change over time:
Safety Index:
Our safety index is based on the 2024 Global Peace Index (GPI), a measure of global peacefulness produced by the Institute for Economics and Peace. The safety index ranges from 1 to 5:
The GPI takes into account factors such as societal safety, domestic and international conflict, and militarization. In our calculator, we use this score as part of our safety assessment for each location.
Our cuisine quality ratings consider factors such as :
Cost of Living Index: The cost of living index provided for each location is relative to New York City (NYC). An index of 100 means the cost of living is equivalent to NYC, while an index of 50 means it's approximately half as expensive as NYC.
Note on Taxes: For simplicity, our calculations apply a general tax rate for each country. However, please be aware that actual tax situations can vary widely based on individual circumstances, international agreements, and specific country regulations. We strongly recommend consulting with a tax professional or the relevant authorities for accurate tax information for your specific situation.
Visa Information: The visa summary provides a quick overview of available visa options for each location:
Please note that visa regulations can change frequently. For the most up-to-date and comprehensive information, we recommend visiting our detailed Digital Nomads page and consulting with the relevant embassy or consulate.
Use this tool to compare different retirement options and find the perfect balance between your financial goals and lifestyle preferences. Remember, this calculator provides estimates and should be used as a starting point for your retirement planning.
The information provided by this calculator is based on data available at the time of calculation and is subject to change. Countries may modify their laws, regulations, tax policies, visa requirements, healthcare systems, and other factors that could affect retirement conditions. We strive to keep our information as up-to-date as possible, but we cannot guarantee its accuracy or completeness at all times. Users are strongly advised to conduct their own research and consult with relevant experts, including legal and financial advisors, before making any decisions based on this information. By using this calculator, you acknowledge that the results are estimates and that actual conditions may vary.
Effective Date: [10/20/2024]
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Effective Date: October 20, 2024
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