Quote:
Originally Posted by Stravinsky
Crooksey
You sound as if your expectations are much the same as ours. We dont draw pensions yet though, and live on investment income at the moment.
When we first arrived, only 2 years ago, I had calculated that we could live comfortably on around €1000 - €1200 a month, using capital if we needed any "extras". In reality it was about right then ..... but now of course with the r/ex we have to send over more sterling to get the same euros.
Even so, on £30k (€37k) you will live like kings around this area (I believe you are looking near us). Quite often I do hear people say they are finding it as expensive as the UK (and I don't doubt them) but here we dont find it so.
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Probably very similar, my wifes drawing her state pension now and we have decided to draw our private pensions at the same time as my state pension becomes due in 4 years time, something like £23K P/A in total. Investments will top it up but it makes our Public Sector friends look very wealthy.
Of course we are not coming over until we have bought a property and sold some property over here so will keep hold of the day jobs so not to go into savings. I expect the whole process to take a couple of years but as we won't have any mortgages to pay we don't mind buying early if the right thing comes along.
I think that we will be OK as I expect our rates, gas, electric & water to reach £4500 P/A over here very soon, nothing like in Spain so makes up somewhat for the ex/rate.