Four of the most affordable places to travel in your retirement

17 July 2019

All retirees know that careful financial planning is a vital part of life after work.

However, this is also a period of life when you have the time to travel and see parts of the world you've never visited before. The trick is marrying this quest for new experiences with remaining budget-friendly so your vacations don't break the bank.

In this article, we'll explore four of the most affordable places Australians can travel to in retirement - hopefully giving you some inspiration for your next getaway.

Careful financial planning in retirement shouldn't exclude travel.
Careful financial planning in retirement shouldn't exclude travel.

1. Indonesia

While Bali has gained Indonesia a reputation as a party destination for Australian teenagers, this diverse country has plenty to offer those with a few more years under their belts. It's also renowned for being incredibly wallet friendly - between 30 November 2018 and 27 May 2019, the average exchange rate from AUD to IDR (Indonesian Rupiah) was 1:10117 (

Among the fascinating sites to see in this country are:

  • Uluwatu Temple - Located on Bali island, Uluwatu is a Hindu temple. The temple is in an awe-inspiring location, perched on a steep cliff top 70 metres above the sea, and is a great place to take in an Indonesian sunset. Archaeological evidence dates the site back to the 10th century, and you can quickly lose yourself walking among the intricate sculptures and carvings.
  • Prambanan Temples - There are lots of interesting sacred sites in Indonesia, but Prambanan is by far the most extensive, featuring the remnants of 244 temples. A whole day is needed to truly appreciate everything this location has to offer, though the highlight is the central compound, where eight major and eight minor temples sit atop a raised platform.
  • Raja Ampat Islands – Raja Ampat is known for its beaches and coral reefs rich with marine life. With all the spectacular wonders above and beyond its waters, as well as on land and amidst the thick jungles, this is truly the place where words such as beautiful, enchanting and spectacular gets its true meaning.

2. South Africa

Putting all sporting rivalries aside, there's plenty for Aussies to enjoy in South Africa. Again, it's a great retirement travel destination with the average exchange rate from 30 November 2018 to 27 May 2019 coming in at AUD $1 to 10.043 South African Rand (

For tourists, South Africa is most famous for its wildlife safaris. Among the incredible species you can encounter are lions, hippos, cheetahs and wildebeests. The dry season (May- September) is the best time for keen wildlife watchers, with Kruger National Park being the most famous of the country's safari destinations.

However, South Africa isn't just nature and the outdoors. The Stellenbosch region is renowned for its world-class wines, with huge vineyard estates open for tastings and tours. Alternatively, for history lovers, Mandela House in Soweto gives a unique insight into the life of the great South African leader.

3. Mexico

History, nature and culture collide in Mexico. As well as endless activities and experiences, you'll also get great bang for your Australian buck here - between 30 November 2018 and 27 May 2019 the average exchange rate was AUD $1 to 13.710 Mexican pesos. 

Mexico City has everything from ancient ruins at the Templo Mayor to modern art in the galleries dotted around the capital. Food is also an important part of the culture here, and you'll be truly spoilt for choice when it comes to restaurants, bars and cafes.

According to Lonely Planet, a double room in a mid-range hotel in Mexico will cost between 630 and 1500 pesos, depending where you are in the country. This equates to roughly AUD $47 to AUD $113.

4. India 

From one colourful country to another, India is the final entry in our list of budget-friendly destinations for retirees. People from all over the world choose India as their permanent base when they finish work, but it serves just as well as a holiday destination. 

Not only is there a very favourable exchange rate (averaging AUD $1 to 49.886 Indian rupees in the period from 30 November 2018 to 27 May 2019), even the most sought-after activities are very reasonably priced. For example, entrance to the Taj Mahal is 1,100 rupees - equivalent to roughly AUD $23. Similarly, the magnificent Amber Palace near Jaipur will set foreign tourists back all of roughly AUD $4.

There aren't many places on Earth where you can see world famous monuments for the price of a cup of coffee, so it's no wonder that India is a firm favourite for money-conscious tourists of all ages. 

Hopefully, this article goes to show that you absolutely can factor travel into your retirement budget. For more information on managing your finances after work, or growing your super to provide a secure nest egg, get in touch with the team at LGS today. 

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