Core Insights - Retirement experts suggest that a retired couple needs a minimum of $1 million in savings and investments to retire comfortably in the U.S., allowing for a 4% withdrawal rate which equates to approximately $40,000 annually [1] Group 1: Retirement Abroad - Retired couples considering relocating to countries with lower living costs, such as Spain, may find it feasible even with $500,000 saved, provided they plan carefully around location and income streams [2][3] - The cost of living in Spain varies significantly by region, with areas like Andalusia offering lower monthly expenses of around $1,800 to $2,200, while tourist-heavy cities like Madrid and Barcelona are more expensive [4] Group 2: Financial Strategies - With a $500,000 retirement fund and a conservative 4% withdrawal rate, retirees can expect to spend about $20,000 per year or $1,667 per month, which can be manageable in smaller towns if supplemented by additional income sources [5] - Potential income sources include Social Security, part-time or remote work, and rental income from properties [7] Group 3: Housing Considerations - Housing costs are a significant variable for retirees, with options including buying a modest flat or village home for $150,000 to $200,000, long-term rentals in smaller cities costing between $770 to $990 per month, or utilizing housesitting and home-exchange programs to offset costs [6][8]