I believe you can retire cheaply in Thailand and live a pretty good lifestyle, perhaps better than any place in the world and still have a good quality of life. The food is fantastic, the rooms are quite comfortable, the health care is very cheap and affordable (more on that in future videos).
You don't have to go as low as my budget, in fact you could do this at $250 per month I believe. But if you were to spend say $800 per month you could have a very nice lifestyle and still be putting money away in the bank. In America you would be hard pressed to save anything or live a good lifestyle with social security when rent for a simple efficiency would cost you $800 per month in an average city.
It's not just for retirees but anyone who wants a long time holiday like seasonal workers who only work half of the year, or digital nomads, or travellers around Asia who want a home base in Thailand to rest their weary legs. Thailand can function very well for all of these people.
I firmly believe that one can travel as a minimalist, Cheap Charlie style and have a great time. Paradise is a journey, not a destination. For those of us who love to travel, the joy of it is the new experiences, exploring new places, meeting new people, experiencing difference cultures. To do these things a lot of money is not required, in fact by spending a lot there is the real possibility that money can get in the way of these things. I keep my backpacking ultralight, bringing as few things as possible so I can also explore and move around as much as possible. I do a lot of walking on my travels.