Is it possible to retire here in USA on only $590. a month income?

Or should I try another country like Panama?

Public Comments

1. It is unlikely that you will be able to retire on that amount of money, even if you were able to find a place to meet your needs inflation would quickly erode it away. You would probably qualify for social security and medicaid/medicare. You would find yourself living below the poverty level and more than likely, be extremely unhappy with your financial situation.
2. I would try another country. For $590.00, you'll be lucky to get both food and prescriptiions here!
3. Sure you can live off that in a van down by the river.
4. Yes if you can get into Government Housing, where you pay 10% of your income for rent, with utilities furnished. The do gooders of the world will not let you starve. I would not call it retirement, more like existence.