The average cost to retire in the Philippines totals around $1,500 per month or $18,000 a year for an individual retiree. The cost is typically given in a range from $1,300 to $1,700. If you and your spouse want to retire together, you can easily do so for about $2,500 a month. This includes housing, transportation, medical care and food. To be sure, the lifestyle you plan to live will determine how much a Philippines retirement will actually cost you. For example, if you choose to run your air conditioning 24/7 or eat out at restaurants every night, your retirement will cost more. Luckily, the country’s lower cost of living (compared to the U.S.), means your savings can go a lot further especially if you choose to live modestly. So if you’re buying your groceries at local markets to cook at home, you’ll find you can easily spend under $200 a month on food.