An Australian boomer retired in Thailand on an $18,000 annual pension. He saves almost half his income and can still travel the world.

John Walker, 73, moved to Thailand from Australia for retirement. Living on an $18,000 annual pension, Walker saves 40% of his income due to low expenses. Millions of older adults on fixed incomes chose to retire abroad for more financial freedom.

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You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Advertisement John Walker's studio apartment in Chiang Mai, Thailand isn't much bigger than a hotel room, but it has everything he needs: air conditioning, basic kitchen appliances, and proximity to his favorite Mexican restaurant — all for less than $200 a month in rent. The 73-year-old moved to Thailand from Western Australia in 2019.

A lifelong traveler, Walker liked the idea of living somewhere new, and was drawn to Chiang Mai's beautiful temples and mild climate when he first traveled there in the early 2010s. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.

Have an account? Log in . Walker now lives off his roughly $18,000 annual pension (AU$28,000), according t.