How long would £1m last for retirees across Europe?
By Robbie Lawther, 31 May 19
Assuming an expat buys an apartment just outside of the city centre at the start of retirement, the gallery below shows where £1m would last the longest in the top European countries for expats and where they would struggle to make ends meet.
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Denmark was the place in Europe where a retiree’s money would last the shortest amount of time.
While the average house price of £237,167 was only the sixth most expensive in Europe, money would be eaten by the high basic cost of living lifestyle which would be £30,038 per year and last just 25 years.
Whereas a luxury lifestyle in Denmark would cost £45,057 and would last a mere 17 years.
Just below them in 2nd and 3rd from bottom was France (average cost of property was £290,504) and Ireland (average cost of property was £208,204).
In France, a luxury lifestyle would cost £38,001 (last 19 years) and basic would cost £25,334 (last 28 years).
While in Ireland, a basic lifestyle would cost £27,439 (last 29 years) and luxury would cost £41, 158 (last 19 years).
Tags: Expat
