Best EU countries to live off annual yield

[nonconformist88]

What would be the best countries to change your financial residence to, given the following criteria:

• you have 500 k eur invested in sp500 and want to live off a 4% yield
• you want to pay the least amount of taxes possible
• you can get by with English language
• affordable health care
• cheap cost of living

Edit: thanks for the replies! It seems from most comments that it would be pretty much impossible.

And given that I don’t even have that money, even though I live in a nordic country where after 15-20 years of work as an engineer it would not be possible to save much over that amount (people here suggest 2.5m), it’s safe to conclude that the dream of an early retirement plan is over.

 

[kaytiedid]

@nonconformist88 Greece

• 0% tax from capital gains from UCITS ETFs
• very sunny
• great social life
• cheap cost of living
• amazing food

PS: I am biased but all the above are true.

 

[sally16]

@kaytiedid I would argue that Cyprus may be a better alternative considering it ticks all these boxes but has the added benefit that English is basically spoken by everyone, unlike in Greece.

 

[annesgrace]

@sally16 Luckily political stability is not included in the checklist

 

[sally16]

@annesgrace

 

[kreative333]

@sally16 English isn't basically spoken by everyone in Cyprus. Most people in Greece - at least the ones a foreigner who can't be bothered to learn the local language will meet - can speak English.