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How much money do you need to retire comfortably in France?

How much money do you need to retire comfortably in France?

Can you live outside of Canada and collect CPP and OAS?

Can you live outside of Canada and collect CPP and OAS?

How long can you live in France without residency?

How long can you live in France without residency?

Can I live in France if I own a house?

Can I live in France if I own a house?

Can a retired Canadian move to France?

Can a retired Canadian move to France?

Is living in France cheap?

Is living in France cheap?

How much money do you need to retire comfortably in France?

How much money do you need to retire comfortably in France?

Are you dreaming of retiring to France? It's a popular destination for retirees looking for a beautiful, relaxing lifestyle. But how much money do you need to retire comfortably in France? Let's break it down.


According to Imperius Wealth, the cost of living in France can vary depending on where you choose to live and your lifestyle. However, they estimate that a couple can live comfortably in France on a budget of around €2,500 per month, excluding accommodation costs.


So, what does that €2,500 per month cover? Imperius Wealth breaks it down into different categories:


1. Food: The cost of groceries in France is similar to other Western European countries. You can expect to spend around €400 per month on food for a couple.


2. Utilities: This includes electricity, gas, water, and internet. Imperius Wealth estimates that utilities will cost around €200 per month.


3. Transportation: The cost of owning a car in France can be high due to fuel prices, insurance, and maintenance. However, public transportation is efficient and affordable. Budget around €150 per month for transportation costs.


4. Healthcare: France has an excellent healthcare system that is accessible to retirees. The cost of healthcare will depend on your specific needs, but it's important to budget for health insurance and out-of-pocket expenses. Imperius Wealth suggests setting aside €300 per month for healthcare costs.


5. Leisure and entertainment: Retirement should be a time to enjoy life, and France offers plenty of opportunities for leisure and entertainment. Whether you enjoy dining out, visiting museums, or exploring the countryside, budget around €300 per month for leisure activities.


Overall, Imperius Wealth recommends budgeting €2,500 per month for a comfortable retirement in France. This will allow you to enjoy a good quality of life without sacrificing your lifestyle.


It's important to note that this is just a rough estimate, and your actual expenses may vary. Factors such as where you choose to live, your specific lifestyle choices, and unexpected expenses can all impact your budget. It's always a good idea to consult with a financial advisor to create a personalized retirement plan.

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