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Pensions Best Posts in Thread: Military Retirement - Living in the Philippines

  1. Billybob

    Billybob DI Junior Member Blood Donor Veteran Air Force

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    I spent 20 years in the Air Force and retired E-7. I found it very easy to live in the Philippines on my retirement. Of course 30 people living here would have 30 budgets. A single guy living here who doesn't bar fine or party everyday should be able to live on $1000 USD no problem.
     
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  2. robert k

    robert k DI Forum Patron Highly Rated Poster Veteran Army

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    Single person? No problems at 50k. Bring all the electronics (excluding the big screen and appliances) you will need with you. Allow between 2.5k USD to 5K USD for getting settled money, as you can spend that much just moving across town much less the other side of the world. From what you have said elsewhere, finding a reliable vehicle at the right price is probably the biggest problem you face. A used, needs nothing car is really expensive on Negros for what you are getting in my personal experience.
     
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  3. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    The charts below are estimates for an E-7 that served 20 years in the military (I selected a 28% tax rate in the calculator....which seems kinda high IMO):

    Screenshot from 2016-03-27 21:19:47.png
    Screenshot from 2016-03-27 21:20:02.png

    Note: this retirement could be achieved before a person hit their 38th birthday. :wink:

    I don't know about everyone else but I could live in the Philippines off that. Wouldn't be living like a king.....but it certainly could be done. FYI: The numbers above are just for retirement. Most who serve 20 years in the military will have some level of disability check coming on top of this (if they are smart enough to make a claim).
     
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  4. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    Good news on both accounts for me. Going to start another thread explaining why.
     
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  5. DGTXPAT

    DGTXPAT DI Junior Member

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    That seems good for Phil but definitely welfare case in USA with that income. How much do the veteran benefits add to that monthly salary(medical etc) ? I had spent some time a while back trying to calculate what I would need to pack up and live in the Philippines per month. The figure was very high because I still have obligations financially here in US ie: child support,college expenses,loans etc. But without that I am sure 1500 a month would be more than enough for me and the family. I am curious what other members may spend monthly to live in Philippines. Perhaps an anonymous poll might be worth a thought?

    I don't know about everyone else but I could live in the Philippines off that. Wouldn't be living like a king.....but it certainly could be done. FYI: The numbers above are just for retirement. Most who serve 20 years in the military will have some level of disability check coming on top of this (if they are smart enough to make a claim).[/QUOTE]
     
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  6. robert k

    robert k DI Forum Patron Highly Rated Poster Veteran Army

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    That goes back to the eternal question of how much is enough which is a question that nobody can answer for anybody else.
     
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