The mantra used to be that you could move to Thailand and live off your pension (which would translate to lots and lots of baht), walking the Phuket beaches, shopping in Bangkok or living a quiet life in Chiang Mai. The perfect retirement lifestyle.
Other single, mostly, men would be lured by a carefree life of cheap beer, endless beaches and a seemingly endless supply of attractive young ladies in the many bars.
A lot of this has changed in recent years as the Thai economy has gained strength, along with the Thai Baht, and some international currencies have deflated meaning that people hoping to live off their overseas pensions or savings are not getting the same bargain they once did. Especially living in tourist hubs like Bangkok, Phuket or Pattaya, the cost of living has been rising in recent years pricing them out of the retirement market.
If you’re contemplating a retired life in Thailand spend some time on the internet and come and spend a few months in selected locations. Try before you buy and don’t start packing the crockery until you’ve done your homework and your sums.