Tired of Chicago winters, this Gen Xer retired at 46 and moved to Bangkok. It cut his monthly spending by half.

29.11.2024 - 00:29 / insider.com

As he soaked in the pool of his Airbnb in Bangkok, Chris wondered, "How can I make this my home permanently?"

It was 2016, and he had spent the past 25 years in the toy industry overseeing product development. His routine was the same: wake up, go to work, come home, play a video game, and sleep. At 44, retirement was weighing on his mind.

"There was nothing else I needed to really do," said Chris, now 52, who asked to be identified only by his first name to protect his privacy. "I mean, could I have worked longer to buy a cooler car? Maybe. Could I have bought a bigger house? Maybe. But nothing like that was really important to me."

At the same time, Chris knew he didn't want to retire in his home state of Illinois. He loved the city but couldn't stand the long and bitter winters. Most of his friends — unlike him — were married with kids. He wanted to challenge himself with a hard reset.

Chris had taken many businesstrips to Asia and started to love that part of the world. So, he mapped out a plan to save up, quit his job, and then live there full-time.

He didn't want to deal with negative reactions, he said. So, he kept his plan a secret for almost two years.

But behind the scenes, Chris worked feverishly to make his plan a reality.

First, he ramped up his real estate investments. Chris got more involved in thereal estate marketin 2014 after paying off the mortgage of his first home 17 years early. "When you pay off a house, it's the coolest feeling for a couple of weeks — you don't have a mortgage payment. And then you're like, what do I do?" he recalled.

He decided to invest in more property. By 2018, he had nine properties earningaround the same amount as his full-time job.

He also visited Thailand eight times to ensure it was where he wanted to be. He had considered Hong Kong and Japan but eventually decided against them due to the higher cost of living.

"I wouldn't do touristy things. I would sometimes spend days just hanging out at the condo I was renting as if I already lived here," he said.

By September 2018, he had a six-figure safety net in the bank — in case he "didn't survive" and hadhired a property manager to look after his properties. With a Thai Elite Visa — a long-term tourist visa that permitted his residency for the next five years, he left frosty Chicago for sunny Thailand.

Chris said he was used to being in a job where he had a team and worked on multiple projects.

"It was very strange to be fully retired and not have any responsibilities at a young age," he said. "I definitely, in the beginning, had some panic attacks where I'd wake up at 3 in the morning and be like, 'What did I just do?'" he recalled.

Things improved when he followed a friend's suggestion to explore a site