{
  "dataset": "country-fire-grid",
  "version": "v1",
  "generated_at": "2026-08-15T01:31:37+00:00",
  "license": "CC BY 4.0",
  "attribution": "Retirement Lab (https://retirementlab.app)",
  "assumptions_version": "2026-08-14.v2",
  "assumptions_effective_at": "2026-08-14T01:20:00Z",
  "target_success": 0.95,
  "paths_per_simulation": 10000,
  "household": {
    "composition": "couple, both age 40, married filing jointly",
    "citizenship": "US",
    "retirement_year": 2026,
    "plan_to_age": 95,
    "horizon_years": 55,
    "portfolio_preset": "aggressive (80/20 global equity/bond)",
    "taxable_cost_basis_ratio": 0.8,
    "account_mix": "single taxable account; no tax-deferred or tax-free balances",
    "simulation_mode": "monte_carlo_iid",
    "regime_aware": false
  },
  "spending_levels_us": [
    40000.0,
    60000.0,
    80000.0,
    120000.0
  ],
  "cost_of_living_source": {
    "provider": "World Bank",
    "dataset": "World Development Indicators",
    "indicator_code": "PA.NUS.PRVT.PLI",
    "indicator_name": "Price level index (Households and NPISHs Final consumption expenditure)",
    "reference_year": 2024,
    "source_last_updated": "2026-07-13",
    "accessed_at": "2026-08-04",
    "license": "CC BY 4.0",
    "source_url": "https://data.worldbank.org/indicator/PA.NUS.PRVT.PLI",
    "download_url": "https://api.worldbank.org/v2/en/indicator/PA.NUS.PRVT.PLI?downloadformat=csv",
    "methodology_url": "https://www.worldbank.org/en/programs/icp/methodology",
    "transformation": "Divide each 2024 price-level index by the United States value of 100 to obtain a US=1.0 spending multiplier.",
    "scope": "National-average household and NPISH final consumption, including the World Bank ICP housing component; not retiree-specific or city-specific.",
    "values": {
      "Australia": {
        "iso3": "AUS",
        "price_level_index": 93.580109642423
      },
      "Austria": {
        "iso3": "AUT",
        "price_level_index": 77.9841056788281
      },
      "Belgium": {
        "iso3": "BEL",
        "price_level_index": 81.4126540516406
      },
      "Brazil": {
        "iso3": "BRA",
        "price_level_index": 46.8459268106934
      },
      "Canada": {
        "iso3": "CAN",
        "price_level_index": 90.6192098507237
      },
      "Chile": {
        "iso3": "CHL",
        "price_level_index": 51.2
      },
      "Costa Rica": {
        "iso3": "CRI",
        "price_level_index": 63.6847920252617
      },
      "Cyprus": {
        "iso3": "CYP",
        "price_level_index": 63.9456410134378
      },
      "Czech Republic": {
        "iso3": "CZE",
        "price_level_index": 64.6408896862317
      },
      "France": {
        "iso3": "FRA",
        "price_level_index": 77.5995358982812
      },
      "Germany": {
        "iso3": "DEU",
        "price_level_index": 75.9340770710156
      },
      "Greece": {
        "iso3": "GRC",
        "price_level_index": 60.3746413566406
      },
      "Hungary": {
        "iso3": "HUN",
        "price_level_index": 51.7689161837527
      },
      "Italy": {
        "iso3": "ITA",
        "price_level_index": 67.6657726702344
      },
      "Japan": {
        "iso3": "JPN",
        "price_level_index": 65.6584746475803
      },
      "Malaysia": {
        "iso3": "MYS",
        "price_level_index": 31.6672117694372
      },
      "Malta": {
        "iso3": "MLT",
        "price_level_index": 63.1950627267031
      },
      "Mexico": {
        "iso3": "MEX",
        "price_level_index": 59.0078273210314
      },
      "Netherlands": {
        "iso3": "NLD",
        "price_level_index": 80.3072188789062
      },
      "Panama": {
        "iso3": "PAN",
        "price_level_index": 51.1074411429361
      },
      "Portugal": {
        "iso3": "PRT",
        "price_level_index": 60.4779004533594
      },
      "Singapore": {
        "iso3": "SGP",
        "price_level_index": 77.9826422747777
      },
      "South Africa": {
        "iso3": "ZAF",
        "price_level_index": 42.0211602157771
      },
      "Spain": {
        "iso3": "ESP",
        "price_level_index": 63.6960340630469
      },
      "Switzerland": {
        "iso3": "CHE",
        "price_level_index": 125.75620735446
      },
      "Thailand": {
        "iso3": "THA",
        "price_level_index": 30.903713218721
      },
      "UAE": {
        "iso3": "ARE",
        "price_level_index": 69.79196614513
      },
      "UK": {
        "iso3": "GBR",
        "price_level_index": 87.2605159197548
      },
      "US": {
        "iso3": "USA",
        "price_level_index": 100.0
      },
      "Uruguay": {
        "iso3": "URY",
        "price_level_index": 72.8579626823401
      },
      "Vietnam": {
        "iso3": "VNM",
        "price_level_index": 26.2250749159935
      }
    }
  },
  "country_count": 31,
  "rows": [
    {
      "country": "Australia",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.9358,
      "annual_spending_usd_local_purchasing_power": 37432,
      "local_currency": "AUD",
      "required_portfolio_usd": 1230000,
      "required_multiple_of_local_spending": 32.86,
      "implied_initial_withdrawal_rate": 0.0304,
      "simulated_success_at_required_portfolio": 0.9518,
      "simulated_success_at_25x_local_spending": 0.8807,
      "first_year_spending_local_currency": 53022.49,
      "first_year_tax_local_currency": 135.06,
      "first_year_tax_share_of_spending": 0.0025,
      "largest_first_year_tax_component": "Capital gains tax",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Austria",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.7798,
      "annual_spending_usd_local_purchasing_power": 31194,
      "local_currency": "EUR",
      "required_portfolio_usd": 1220000,
      "required_multiple_of_local_spending": 39.11,
      "implied_initial_withdrawal_rate": 0.0256,
      "simulated_success_at_required_portfolio": 0.9512,
      "simulated_success_at_25x_local_spending": 0.7867,
      "first_year_spending_local_currency": 27007.77,
      "first_year_tax_local_currency": 6717.12,
      "first_year_tax_share_of_spending": 0.2487,
      "largest_first_year_tax_component": "KESt on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Belgium",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.8141,
      "annual_spending_usd_local_purchasing_power": 32565,
      "local_currency": "EUR",
      "required_portfolio_usd": 1200000,
      "required_multiple_of_local_spending": 36.85,
      "implied_initial_withdrawal_rate": 0.0271,
      "simulated_success_at_required_portfolio": 0.9505,
      "simulated_success_at_25x_local_spending": 0.8328,
      "first_year_spending_local_currency": 28195.16,
      "first_year_tax_local_currency": 6233.83,
      "first_year_tax_share_of_spending": 0.2211,
      "largest_first_year_tax_component": "Pr\u00e9compte mobilier (dividends/interest)",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Brazil",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.4685,
      "annual_spending_usd_local_purchasing_power": 18738,
      "local_currency": "BRL",
      "required_portfolio_usd": 670000,
      "required_multiple_of_local_spending": 35.76,
      "implied_initial_withdrawal_rate": 0.028,
      "simulated_success_at_required_portfolio": 0.9503,
      "simulated_success_at_25x_local_spending": 0.8366,
      "first_year_spending_local_currency": 97156.58,
      "first_year_tax_local_currency": 11979.84,
      "first_year_tax_share_of_spending": 0.1233,
      "largest_first_year_tax_component": "Tax on investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Canada",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.9062,
      "annual_spending_usd_local_purchasing_power": 36248,
      "local_currency": "CAD",
      "required_portfolio_usd": 1190000,
      "required_multiple_of_local_spending": 32.83,
      "implied_initial_withdrawal_rate": 0.0305,
      "simulated_success_at_required_portfolio": 0.9511,
      "simulated_success_at_25x_local_spending": 0.8803,
      "first_year_spending_local_currency": 50442.28,
      "first_year_tax_local_currency": 354.36,
      "first_year_tax_share_of_spending": 0.007,
      "largest_first_year_tax_component": "Tax on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Chile",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.512,
      "annual_spending_usd_local_purchasing_power": 20480,
      "local_currency": "CLP",
      "required_portfolio_usd": 670000,
      "required_multiple_of_local_spending": 32.71,
      "implied_initial_withdrawal_rate": 0.0306,
      "simulated_success_at_required_portfolio": 0.9505,
      "simulated_success_at_25x_local_spending": 0.88,
      "first_year_spending_local_currency": 18714624.0,
      "first_year_tax_local_currency": 108082.07,
      "first_year_tax_share_of_spending": 0.0058,
      "largest_first_year_tax_component": "Global Complementary Tax \u2014 securities gains",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Costa Rica",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.6368,
      "annual_spending_usd_local_purchasing_power": 25474,
      "local_currency": "CRC",
      "required_portfolio_usd": 910000,
      "required_multiple_of_local_spending": 35.72,
      "implied_initial_withdrawal_rate": 0.028,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.8366,
      "first_year_spending_local_currency": 11488991.22,
      "first_year_tax_local_currency": 1415777.73,
      "first_year_tax_share_of_spending": 0.1232,
      "largest_first_year_tax_component": "Withholding on domestic dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Cyprus",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.6395,
      "annual_spending_usd_local_purchasing_power": 25578,
      "local_currency": "EUR",
      "required_portfolio_usd": 890000,
      "required_multiple_of_local_spending": 34.8,
      "implied_initial_withdrawal_rate": 0.0287,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.8546,
      "first_year_spending_local_currency": 22145.91,
      "first_year_tax_local_currency": 2619.94,
      "first_year_tax_share_of_spending": 0.1183,
      "largest_first_year_tax_component": "Special Defence Contribution",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Czech Republic",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.6464,
      "annual_spending_usd_local_purchasing_power": 25856,
      "local_currency": "CZK",
      "required_portfolio_usd": 880000,
      "required_multiple_of_local_spending": 34.03,
      "implied_initial_withdrawal_rate": 0.0294,
      "simulated_success_at_required_portfolio": 0.9511,
      "simulated_success_at_25x_local_spending": 0.8616,
      "first_year_spending_local_currency": 542233.64,
      "first_year_tax_local_currency": 32607.39,
      "first_year_tax_share_of_spending": 0.0601,
      "largest_first_year_tax_component": "Czech personal income tax \u2014 investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "France",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.776,
      "annual_spending_usd_local_purchasing_power": 31040,
      "local_currency": "EUR",
      "required_portfolio_usd": 1250000,
      "required_multiple_of_local_spending": 40.27,
      "implied_initial_withdrawal_rate": 0.0248,
      "simulated_success_at_required_portfolio": 0.9513,
      "simulated_success_at_25x_local_spending": 0.7649,
      "first_year_spending_local_currency": 26874.58,
      "first_year_tax_local_currency": 7874.34,
      "first_year_tax_share_of_spending": 0.293,
      "largest_first_year_tax_component": "PFU on investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Germany",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.7593,
      "annual_spending_usd_local_purchasing_power": 30374,
      "local_currency": "EUR",
      "required_portfolio_usd": 1150000,
      "required_multiple_of_local_spending": 37.86,
      "implied_initial_withdrawal_rate": 0.0264,
      "simulated_success_at_required_portfolio": 0.9507,
      "simulated_success_at_25x_local_spending": 0.803,
      "first_year_spending_local_currency": 26297.79,
      "first_year_tax_local_currency": 5549.13,
      "first_year_tax_share_of_spending": 0.211,
      "largest_first_year_tax_component": "Abgeltungsteuer on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Greece",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.6037,
      "annual_spending_usd_local_purchasing_power": 24150,
      "local_currency": "EUR",
      "required_portfolio_usd": 870000,
      "required_multiple_of_local_spending": 36.03,
      "implied_initial_withdrawal_rate": 0.0278,
      "simulated_success_at_required_portfolio": 0.9517,
      "simulated_success_at_25x_local_spending": 0.8366,
      "first_year_spending_local_currency": 20909.19,
      "first_year_tax_local_currency": 2591.19,
      "first_year_tax_share_of_spending": 0.1239,
      "largest_first_year_tax_component": "Dividend / interest tax",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Hungary",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.5177,
      "annual_spending_usd_local_purchasing_power": 20708,
      "local_currency": "HUF",
      "required_portfolio_usd": 780000,
      "required_multiple_of_local_spending": 37.67,
      "implied_initial_withdrawal_rate": 0.0265,
      "simulated_success_at_required_portfolio": 0.9505,
      "simulated_success_at_25x_local_spending": 0.8128,
      "first_year_spending_local_currency": 6508388.14,
      "first_year_tax_local_currency": 1494659.73,
      "first_year_tax_share_of_spending": 0.2297,
      "largest_first_year_tax_component": "Tax and social contribution on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Italy",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.6767,
      "annual_spending_usd_local_purchasing_power": 27066,
      "local_currency": "EUR",
      "required_portfolio_usd": 1090000,
      "required_multiple_of_local_spending": 40.27,
      "implied_initial_withdrawal_rate": 0.0248,
      "simulated_success_at_required_portfolio": 0.9501,
      "simulated_success_at_25x_local_spending": 0.7689,
      "first_year_spending_local_currency": 23434.28,
      "first_year_tax_local_currency": 7624.66,
      "first_year_tax_share_of_spending": 0.3254,
      "largest_first_year_tax_component": "Financial income tax",
      "asset_based_tax_modeled": "yes",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Japan",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.6566,
      "annual_spending_usd_local_purchasing_power": 26263,
      "local_currency": "JPY",
      "required_portfolio_usd": 980000,
      "required_multiple_of_local_spending": 37.31,
      "implied_initial_withdrawal_rate": 0.0268,
      "simulated_success_at_required_portfolio": 0.9516,
      "simulated_success_at_25x_local_spending": 0.8163,
      "first_year_spending_local_currency": 4184545.91,
      "first_year_tax_local_currency": 729734.52,
      "first_year_tax_share_of_spending": 0.1744,
      "largest_first_year_tax_component": "Withholding on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Malaysia",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.3167,
      "annual_spending_usd_local_purchasing_power": 12667,
      "local_currency": "MYR",
      "required_portfolio_usd": 420000,
      "required_multiple_of_local_spending": 33.16,
      "implied_initial_withdrawal_rate": 0.0302,
      "simulated_success_at_required_portfolio": 0.9531,
      "simulated_success_at_25x_local_spending": 0.8771,
      "first_year_spending_local_currency": 51751.82,
      "first_year_tax_local_currency": 0.0,
      "first_year_tax_share_of_spending": 0.0,
      "largest_first_year_tax_component": "",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Malta",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.632,
      "annual_spending_usd_local_purchasing_power": 25278,
      "local_currency": "EUR",
      "required_portfolio_usd": 880000,
      "required_multiple_of_local_spending": 34.81,
      "implied_initial_withdrawal_rate": 0.0287,
      "simulated_success_at_required_portfolio": 0.9522,
      "simulated_success_at_25x_local_spending": 0.8577,
      "first_year_spending_local_currency": 21885.97,
      "first_year_tax_local_currency": 2285.74,
      "first_year_tax_share_of_spending": 0.1044,
      "largest_first_year_tax_component": "Withholding on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Mexico",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.5901,
      "annual_spending_usd_local_purchasing_power": 23603,
      "local_currency": "MXN",
      "required_portfolio_usd": 820000,
      "required_multiple_of_local_spending": 34.74,
      "implied_initial_withdrawal_rate": 0.0288,
      "simulated_success_at_required_portfolio": 0.9507,
      "simulated_success_at_25x_local_spending": 0.8522,
      "first_year_spending_local_currency": 401838.58,
      "first_year_tax_local_currency": 31970.2,
      "first_year_tax_share_of_spending": 0.0796,
      "largest_first_year_tax_component": "Dividend tax (Art. 140)",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Netherlands",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.8031,
      "annual_spending_usd_local_purchasing_power": 32123,
      "local_currency": "EUR",
      "required_portfolio_usd": 1510000,
      "required_multiple_of_local_spending": 47.01,
      "implied_initial_withdrawal_rate": 0.0213,
      "simulated_success_at_required_portfolio": 0.9501,
      "simulated_success_at_25x_local_spending": 0.741,
      "first_year_spending_local_currency": 27812.32,
      "first_year_tax_local_currency": 25675.04,
      "first_year_tax_share_of_spending": 0.9232,
      "largest_first_year_tax_component": "Box 3 deemed-yield tax",
      "asset_based_tax_modeled": "yes",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Panama",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.5111,
      "annual_spending_usd_local_purchasing_power": 20443,
      "local_currency": "USD",
      "required_portfolio_usd": 710000,
      "required_multiple_of_local_spending": 34.73,
      "implied_initial_withdrawal_rate": 0.0288,
      "simulated_success_at_required_portfolio": 0.9507,
      "simulated_success_at_25x_local_spending": 0.8522,
      "first_year_spending_local_currency": 20442.98,
      "first_year_tax_local_currency": 1626.12,
      "first_year_tax_share_of_spending": 0.0795,
      "largest_first_year_tax_component": "Domestic portfolio tax",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Portugal",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.6048,
      "annual_spending_usd_local_purchasing_power": 24191,
      "local_currency": "EUR",
      "required_portfolio_usd": 950000,
      "required_multiple_of_local_spending": 39.27,
      "implied_initial_withdrawal_rate": 0.0255,
      "simulated_success_at_required_portfolio": 0.9513,
      "simulated_success_at_25x_local_spending": 0.7842,
      "first_year_spending_local_currency": 20944.95,
      "first_year_tax_local_currency": 5326.39,
      "first_year_tax_share_of_spending": 0.2543,
      "largest_first_year_tax_component": "Tax on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Singapore",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.7798,
      "annual_spending_usd_local_purchasing_power": 31193,
      "local_currency": "SGD",
      "required_portfolio_usd": 1020000,
      "required_multiple_of_local_spending": 32.7,
      "implied_initial_withdrawal_rate": 0.0306,
      "simulated_success_at_required_portfolio": 0.9504,
      "simulated_success_at_25x_local_spending": 0.8801,
      "first_year_spending_local_currency": 39914.64,
      "first_year_tax_local_currency": 195.45,
      "first_year_tax_share_of_spending": 0.0049,
      "largest_first_year_tax_component": "Tax on remitted foreign investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "South Africa",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.4202,
      "annual_spending_usd_local_purchasing_power": 16808,
      "local_currency": "ZAR",
      "required_portfolio_usd": 560000,
      "required_multiple_of_local_spending": 33.32,
      "implied_initial_withdrawal_rate": 0.03,
      "simulated_success_at_required_portfolio": 0.9513,
      "simulated_success_at_25x_local_spending": 0.8754,
      "first_year_spending_local_currency": 271367.61,
      "first_year_tax_local_currency": 14727.72,
      "first_year_tax_share_of_spending": 0.0543,
      "largest_first_year_tax_component": "South African tax \u2014 interest and dividends",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Spain",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.637,
      "annual_spending_usd_local_purchasing_power": 25478,
      "local_currency": "EUR",
      "required_portfolio_usd": 950000,
      "required_multiple_of_local_spending": 37.29,
      "implied_initial_withdrawal_rate": 0.0268,
      "simulated_success_at_required_portfolio": 0.9508,
      "simulated_success_at_25x_local_spending": 0.8156,
      "first_year_spending_local_currency": 22059.47,
      "first_year_tax_local_currency": 4114.47,
      "first_year_tax_share_of_spending": 0.1865,
      "largest_first_year_tax_component": "Savings tax on dividends/interest",
      "asset_based_tax_modeled": "yes",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Switzerland",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 1.2576,
      "annual_spending_usd_local_purchasing_power": 50302,
      "local_currency": "CHF",
      "required_portfolio_usd": 1750000,
      "required_multiple_of_local_spending": 34.79,
      "implied_initial_withdrawal_rate": 0.0287,
      "simulated_success_at_required_portfolio": 0.9501,
      "simulated_success_at_25x_local_spending": 0.8568,
      "first_year_spending_local_currency": 40873.28,
      "first_year_tax_local_currency": 5846.47,
      "first_year_tax_share_of_spending": 0.143,
      "largest_first_year_tax_component": "Cantonal wealth tax",
      "asset_based_tax_modeled": "yes",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Thailand",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.309,
      "annual_spending_usd_local_purchasing_power": 12361,
      "local_currency": "THB",
      "required_portfolio_usd": 420000,
      "required_multiple_of_local_spending": 33.98,
      "implied_initial_withdrawal_rate": 0.0294,
      "simulated_success_at_required_portfolio": 0.951,
      "simulated_success_at_25x_local_spending": 0.8657,
      "first_year_spending_local_currency": 409709.07,
      "first_year_tax_local_currency": 27840.96,
      "first_year_tax_share_of_spending": 0.068,
      "largest_first_year_tax_component": "Withholding on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "UAE",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.6979,
      "annual_spending_usd_local_purchasing_power": 27917,
      "local_currency": "AED",
      "required_portfolio_usd": 910000,
      "required_multiple_of_local_spending": 32.6,
      "implied_initial_withdrawal_rate": 0.0307,
      "simulated_success_at_required_portfolio": 0.9505,
      "simulated_success_at_25x_local_spending": 0.8812,
      "first_year_spending_local_currency": 102524.4,
      "first_year_tax_local_currency": 0.0,
      "first_year_tax_share_of_spending": 0.0,
      "largest_first_year_tax_component": "",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "UK",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.8726,
      "annual_spending_usd_local_purchasing_power": 34904,
      "local_currency": "GBP",
      "required_portfolio_usd": 1160000,
      "required_multiple_of_local_spending": 33.23,
      "implied_initial_withdrawal_rate": 0.0301,
      "simulated_success_at_required_portfolio": 0.9515,
      "simulated_success_at_25x_local_spending": 0.8715,
      "first_year_spending_local_currency": 25847.26,
      "first_year_tax_local_currency": 0.0,
      "first_year_tax_share_of_spending": 0.0,
      "largest_first_year_tax_component": "",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "US",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 1.0,
      "annual_spending_usd_local_purchasing_power": 40000,
      "local_currency": "USD",
      "required_portfolio_usd": 1310000,
      "required_multiple_of_local_spending": 32.75,
      "implied_initial_withdrawal_rate": 0.0305,
      "simulated_success_at_required_portfolio": 0.9515,
      "simulated_success_at_25x_local_spending": 0.8812,
      "first_year_spending_local_currency": 40000.0,
      "first_year_tax_local_currency": 0.0,
      "first_year_tax_share_of_spending": 0.0,
      "largest_first_year_tax_component": "",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Uruguay",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.7286,
      "annual_spending_usd_local_purchasing_power": 29143,
      "local_currency": "UYU",
      "required_portfolio_usd": 1000000,
      "required_multiple_of_local_spending": 34.31,
      "implied_initial_withdrawal_rate": 0.0291,
      "simulated_success_at_required_portfolio": 0.9515,
      "simulated_success_at_25x_local_spending": 0.8623,
      "first_year_spending_local_currency": 1173508.63,
      "first_year_tax_local_currency": 96640.8,
      "first_year_tax_share_of_spending": 0.0824,
      "largest_first_year_tax_component": "IRPF Category II (investment income)",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Vietnam",
      "annual_spending_usd_us_equivalent": 40000,
      "cost_of_living_multiplier": 0.2623,
      "annual_spending_usd_local_purchasing_power": 10490,
      "local_currency": "VND",
      "required_portfolio_usd": 350000,
      "required_multiple_of_local_spending": 33.37,
      "implied_initial_withdrawal_rate": 0.03,
      "simulated_success_at_required_portfolio": 0.9512,
      "simulated_success_at_25x_local_spending": 0.873,
      "first_year_spending_local_currency": 273223320.5,
      "first_year_tax_local_currency": 9429830.9,
      "first_year_tax_share_of_spending": 0.0345,
      "largest_first_year_tax_component": "Investment capital income tax",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Australia",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.9358,
      "annual_spending_usd_local_purchasing_power": 56148,
      "local_currency": "AUD",
      "required_portfolio_usd": 1980000,
      "required_multiple_of_local_spending": 35.26,
      "implied_initial_withdrawal_rate": 0.0284,
      "simulated_success_at_required_portfolio": 0.9508,
      "simulated_success_at_25x_local_spending": 0.8756,
      "first_year_spending_local_currency": 79533.74,
      "first_year_tax_local_currency": 3716.88,
      "first_year_tax_share_of_spending": 0.0467,
      "largest_first_year_tax_component": "Tax on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/8KlLCxYKmzE",
      "production_success_at_required_portfolio": 0.9507
    },
    {
      "country": "Austria",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.7798,
      "annual_spending_usd_local_purchasing_power": 46790,
      "local_currency": "EUR",
      "required_portfolio_usd": 1920000,
      "required_multiple_of_local_spending": 41.03,
      "implied_initial_withdrawal_rate": 0.0244,
      "simulated_success_at_required_portfolio": 0.9505,
      "simulated_success_at_25x_local_spending": 0.7867,
      "first_year_spending_local_currency": 40511.65,
      "first_year_tax_local_currency": 10037.8,
      "first_year_tax_share_of_spending": 0.2478,
      "largest_first_year_tax_component": "KESt on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/M6DTDHKdfh4",
      "production_success_at_required_portfolio": 0.9526
    },
    {
      "country": "Belgium",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.8141,
      "annual_spending_usd_local_purchasing_power": 48848,
      "local_currency": "EUR",
      "required_portfolio_usd": 1890000,
      "required_multiple_of_local_spending": 38.69,
      "implied_initial_withdrawal_rate": 0.0258,
      "simulated_success_at_required_portfolio": 0.9508,
      "simulated_success_at_25x_local_spending": 0.8305,
      "first_year_spending_local_currency": 42292.73,
      "first_year_tax_local_currency": 9402.7,
      "first_year_tax_share_of_spending": 0.2223,
      "largest_first_year_tax_component": "Pr\u00e9compte mobilier (dividends/interest)",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/BboBHLuV3qQ",
      "production_success_at_required_portfolio": 0.9527
    },
    {
      "country": "Brazil",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.4685,
      "annual_spending_usd_local_purchasing_power": 28108,
      "local_currency": "BRL",
      "required_portfolio_usd": 1070000,
      "required_multiple_of_local_spending": 38.07,
      "implied_initial_withdrawal_rate": 0.0263,
      "simulated_success_at_required_portfolio": 0.9506,
      "simulated_success_at_25x_local_spending": 0.8366,
      "first_year_spending_local_currency": 145734.87,
      "first_year_tax_local_currency": 18029.5,
      "first_year_tax_share_of_spending": 0.1237,
      "largest_first_year_tax_component": "Tax on investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/EHzj-6TQydA",
      "production_success_at_required_portfolio": 0.9539
    },
    {
      "country": "Canada",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.9062,
      "annual_spending_usd_local_purchasing_power": 54372,
      "local_currency": "CAD",
      "required_portfolio_usd": 1890000,
      "required_multiple_of_local_spending": 34.76,
      "implied_initial_withdrawal_rate": 0.0288,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.8723,
      "first_year_spending_local_currency": 75663.42,
      "first_year_tax_local_currency": 5034.67,
      "first_year_tax_share_of_spending": 0.0665,
      "largest_first_year_tax_component": "Tax on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/M_4OPQN0TUw",
      "production_success_at_required_portfolio": 0.9504
    },
    {
      "country": "Chile",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.512,
      "annual_spending_usd_local_purchasing_power": 30720,
      "local_currency": "CLP",
      "required_portfolio_usd": 1060000,
      "required_multiple_of_local_spending": 34.51,
      "implied_initial_withdrawal_rate": 0.029,
      "simulated_success_at_required_portfolio": 0.9503,
      "simulated_success_at_25x_local_spending": 0.8768,
      "first_year_spending_local_currency": 28071936.0,
      "first_year_tax_local_currency": 392551.23,
      "first_year_tax_share_of_spending": 0.014,
      "largest_first_year_tax_component": "Global Complementary Tax \u2014 investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/fzDN6S02rBI",
      "production_success_at_required_portfolio": 0.9514
    },
    {
      "country": "Costa Rica",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.6368,
      "annual_spending_usd_local_purchasing_power": 38211,
      "local_currency": "CRC",
      "required_portfolio_usd": 1370000,
      "required_multiple_of_local_spending": 35.85,
      "implied_initial_withdrawal_rate": 0.0279,
      "simulated_success_at_required_portfolio": 0.9505,
      "simulated_success_at_25x_local_spending": 0.8366,
      "first_year_spending_local_currency": 17233486.83,
      "first_year_tax_local_currency": 2128863.93,
      "first_year_tax_share_of_spending": 0.1235,
      "largest_first_year_tax_component": "Withholding on domestic dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/du-rEIAbxsI",
      "production_success_at_required_portfolio": 0.9622
    },
    {
      "country": "Cyprus",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.6395,
      "annual_spending_usd_local_purchasing_power": 38367,
      "local_currency": "EUR",
      "required_portfolio_usd": 1400000,
      "required_multiple_of_local_spending": 36.49,
      "implied_initial_withdrawal_rate": 0.0274,
      "simulated_success_at_required_portfolio": 0.951,
      "simulated_success_at_25x_local_spending": 0.8546,
      "first_year_spending_local_currency": 33218.87,
      "first_year_tax_local_currency": 3944.63,
      "first_year_tax_share_of_spending": 0.1187,
      "largest_first_year_tax_component": "Special Defence Contribution",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/AWZ5NBgWU1c",
      "production_success_at_required_portfolio": 0.953
    },
    {
      "country": "Czech Republic",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.6464,
      "annual_spending_usd_local_purchasing_power": 38785,
      "local_currency": "CZK",
      "required_portfolio_usd": 1370000,
      "required_multiple_of_local_spending": 35.32,
      "implied_initial_withdrawal_rate": 0.0283,
      "simulated_success_at_required_portfolio": 0.9506,
      "simulated_success_at_25x_local_spending": 0.854,
      "first_year_spending_local_currency": 813350.46,
      "first_year_tax_local_currency": 65928.37,
      "first_year_tax_share_of_spending": 0.0811,
      "largest_first_year_tax_component": "Czech personal income tax \u2014 investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/F2WVK2NjhpA",
      "production_success_at_required_portfolio": 0.956
    },
    {
      "country": "France",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.776,
      "annual_spending_usd_local_purchasing_power": 46560,
      "local_currency": "EUR",
      "required_portfolio_usd": 1950000,
      "required_multiple_of_local_spending": 41.88,
      "implied_initial_withdrawal_rate": 0.0239,
      "simulated_success_at_required_portfolio": 0.9504,
      "simulated_success_at_25x_local_spending": 0.7641,
      "first_year_spending_local_currency": 40311.87,
      "first_year_tax_local_currency": 11789.65,
      "first_year_tax_share_of_spending": 0.2925,
      "largest_first_year_tax_component": "PFU on investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/vWctFm2DHWE",
      "production_success_at_required_portfolio": 0.9523
    },
    {
      "country": "Germany",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.7593,
      "annual_spending_usd_local_purchasing_power": 45560,
      "local_currency": "EUR",
      "required_portfolio_usd": 1910000,
      "required_multiple_of_local_spending": 41.92,
      "implied_initial_withdrawal_rate": 0.0239,
      "simulated_success_at_required_portfolio": 0.9503,
      "simulated_success_at_25x_local_spending": 0.7994,
      "first_year_spending_local_currency": 39446.69,
      "first_year_tax_local_currency": 8625.12,
      "first_year_tax_share_of_spending": 0.2187,
      "largest_first_year_tax_component": "Abgeltungsteuer on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/EMBM6oHtCTc",
      "production_success_at_required_portfolio": 0.9621
    },
    {
      "country": "Greece",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.6037,
      "annual_spending_usd_local_purchasing_power": 36225,
      "local_currency": "EUR",
      "required_portfolio_usd": 1360000,
      "required_multiple_of_local_spending": 37.54,
      "implied_initial_withdrawal_rate": 0.0266,
      "simulated_success_at_required_portfolio": 0.9505,
      "simulated_success_at_25x_local_spending": 0.8366,
      "first_year_spending_local_currency": 31363.78,
      "first_year_tax_local_currency": 3876.8,
      "first_year_tax_share_of_spending": 0.1236,
      "largest_first_year_tax_component": "Dividend / interest tax",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/8oNAN9UF4Hw",
      "production_success_at_required_portfolio": 0.9503
    },
    {
      "country": "Hungary",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.5177,
      "annual_spending_usd_local_purchasing_power": 31061,
      "local_currency": "HUF",
      "required_portfolio_usd": 1210000,
      "required_multiple_of_local_spending": 38.96,
      "implied_initial_withdrawal_rate": 0.0257,
      "simulated_success_at_required_portfolio": 0.9506,
      "simulated_success_at_25x_local_spending": 0.8129,
      "first_year_spending_local_currency": 9762582.21,
      "first_year_tax_local_currency": 2241989.6,
      "first_year_tax_share_of_spending": 0.2297,
      "largest_first_year_tax_component": "Tax and social contribution on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/fPtDKdtBcLY",
      "production_success_at_required_portfolio": 0.9529
    },
    {
      "country": "Italy",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.6767,
      "annual_spending_usd_local_purchasing_power": 40599,
      "local_currency": "EUR",
      "required_portfolio_usd": 1720000,
      "required_multiple_of_local_spending": 42.37,
      "implied_initial_withdrawal_rate": 0.0236,
      "simulated_success_at_required_portfolio": 0.9508,
      "simulated_success_at_25x_local_spending": 0.7689,
      "first_year_spending_local_currency": 35151.42,
      "first_year_tax_local_currency": 11464.1,
      "first_year_tax_share_of_spending": 0.3261,
      "largest_first_year_tax_component": "Financial income tax",
      "asset_based_tax_modeled": "yes",
      "published_scenario_url": "/s/80Os-WlImRY",
      "production_success_at_required_portfolio": 0.9505
    },
    {
      "country": "Japan",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.6566,
      "annual_spending_usd_local_purchasing_power": 39395,
      "local_currency": "JPY",
      "required_portfolio_usd": 1550000,
      "required_multiple_of_local_spending": 39.35,
      "implied_initial_withdrawal_rate": 0.0254,
      "simulated_success_at_required_portfolio": 0.9507,
      "simulated_success_at_25x_local_spending": 0.8163,
      "first_year_spending_local_currency": 6276818.86,
      "first_year_tax_local_currency": 1089555.31,
      "first_year_tax_share_of_spending": 0.1736,
      "largest_first_year_tax_component": "Withholding on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/SsiTUpyi4ys",
      "production_success_at_required_portfolio": 0.9518
    },
    {
      "country": "Malaysia",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.3167,
      "annual_spending_usd_local_purchasing_power": 19000,
      "local_currency": "MYR",
      "required_portfolio_usd": 680000,
      "required_multiple_of_local_spending": 35.79,
      "implied_initial_withdrawal_rate": 0.0279,
      "simulated_success_at_required_portfolio": 0.9511,
      "simulated_success_at_25x_local_spending": 0.873,
      "first_year_spending_local_currency": 77627.74,
      "first_year_tax_local_currency": 0.0,
      "first_year_tax_share_of_spending": 0.0,
      "largest_first_year_tax_component": "",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/inrIT5Rab6k",
      "production_success_at_required_portfolio": 0.9519
    },
    {
      "country": "Malta",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.632,
      "annual_spending_usd_local_purchasing_power": 37917,
      "local_currency": "EUR",
      "required_portfolio_usd": 1380000,
      "required_multiple_of_local_spending": 36.4,
      "implied_initial_withdrawal_rate": 0.0275,
      "simulated_success_at_required_portfolio": 0.9504,
      "simulated_success_at_25x_local_spending": 0.8577,
      "first_year_spending_local_currency": 32828.95,
      "first_year_tax_local_currency": 3402.63,
      "first_year_tax_share_of_spending": 0.1036,
      "largest_first_year_tax_component": "Withholding on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/kl2H16d93Zs",
      "production_success_at_required_portfolio": 0.9506
    },
    {
      "country": "Mexico",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.5901,
      "annual_spending_usd_local_purchasing_power": 35405,
      "local_currency": "MXN",
      "required_portfolio_usd": 1290000,
      "required_multiple_of_local_spending": 36.44,
      "implied_initial_withdrawal_rate": 0.0274,
      "simulated_success_at_required_portfolio": 0.9507,
      "simulated_success_at_25x_local_spending": 0.8522,
      "first_year_spending_local_currency": 602757.88,
      "first_year_tax_local_currency": 47955.3,
      "first_year_tax_share_of_spending": 0.0796,
      "largest_first_year_tax_component": "Dividend tax (Art. 140)",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/fmd24QoXdxM",
      "production_success_at_required_portfolio": 0.9539
    },
    {
      "country": "Netherlands",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.8031,
      "annual_spending_usd_local_purchasing_power": 48184,
      "local_currency": "EUR",
      "required_portfolio_usd": 2480000,
      "required_multiple_of_local_spending": 51.47,
      "implied_initial_withdrawal_rate": 0.0194,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.7218,
      "first_year_spending_local_currency": 41718.48,
      "first_year_tax_local_currency": 41197.28,
      "first_year_tax_share_of_spending": 0.9875,
      "largest_first_year_tax_component": "Box 3 deemed-yield tax",
      "asset_based_tax_modeled": "yes",
      "published_scenario_url": "/s/A8EZX3q0czw",
      "production_success_at_required_portfolio": 0.9544
    },
    {
      "country": "Panama",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.5111,
      "annual_spending_usd_local_purchasing_power": 30664,
      "local_currency": "USD",
      "required_portfolio_usd": 1080000,
      "required_multiple_of_local_spending": 35.22,
      "implied_initial_withdrawal_rate": 0.0284,
      "simulated_success_at_required_portfolio": 0.9521,
      "simulated_success_at_25x_local_spending": 0.8522,
      "first_year_spending_local_currency": 30664.46,
      "first_year_tax_local_currency": 2446.75,
      "first_year_tax_share_of_spending": 0.0798,
      "largest_first_year_tax_component": "Domestic portfolio tax",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/JY2vn7HiyhQ",
      "production_success_at_required_portfolio": 0.9555
    },
    {
      "country": "Portugal",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.6048,
      "annual_spending_usd_local_purchasing_power": 36287,
      "local_currency": "EUR",
      "required_portfolio_usd": 1510000,
      "required_multiple_of_local_spending": 41.61,
      "implied_initial_withdrawal_rate": 0.024,
      "simulated_success_at_required_portfolio": 0.9506,
      "simulated_success_at_25x_local_spending": 0.7842,
      "first_year_spending_local_currency": 31417.42,
      "first_year_tax_local_currency": 7970.27,
      "first_year_tax_share_of_spending": 0.2537,
      "largest_first_year_tax_component": "Tax on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/CHx8gCpqs0U",
      "production_success_at_required_portfolio": 0.9527
    },
    {
      "country": "Singapore",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.7798,
      "annual_spending_usd_local_purchasing_power": 46790,
      "local_currency": "SGD",
      "required_portfolio_usd": 1680000,
      "required_multiple_of_local_spending": 35.91,
      "implied_initial_withdrawal_rate": 0.0279,
      "simulated_success_at_required_portfolio": 0.9505,
      "simulated_success_at_25x_local_spending": 0.8766,
      "first_year_spending_local_currency": 59871.95,
      "first_year_tax_local_currency": 900.47,
      "first_year_tax_share_of_spending": 0.015,
      "largest_first_year_tax_component": "Tax on remitted foreign investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/SCPVmyHoDmU",
      "production_success_at_required_portfolio": 0.9525
    },
    {
      "country": "South Africa",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.4202,
      "annual_spending_usd_local_purchasing_power": 25213,
      "local_currency": "ZAR",
      "required_portfolio_usd": 900000,
      "required_multiple_of_local_spending": 35.7,
      "implied_initial_withdrawal_rate": 0.028,
      "simulated_success_at_required_portfolio": 0.952,
      "simulated_success_at_25x_local_spending": 0.8667,
      "first_year_spending_local_currency": 407051.42,
      "first_year_tax_local_currency": 34771.1,
      "first_year_tax_share_of_spending": 0.0854,
      "largest_first_year_tax_component": "South African tax \u2014 interest and dividends",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/fF6gHgJunag",
      "production_success_at_required_portfolio": 0.9525
    },
    {
      "country": "Spain",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.637,
      "annual_spending_usd_local_purchasing_power": 38218,
      "local_currency": "EUR",
      "required_portfolio_usd": 1500000,
      "required_multiple_of_local_spending": 39.25,
      "implied_initial_withdrawal_rate": 0.0255,
      "simulated_success_at_required_portfolio": 0.951,
      "simulated_success_at_25x_local_spending": 0.8125,
      "first_year_spending_local_currency": 33089.2,
      "first_year_tax_local_currency": 7971.75,
      "first_year_tax_share_of_spending": 0.2409,
      "largest_first_year_tax_component": "Savings tax on dividends/interest",
      "asset_based_tax_modeled": "yes",
      "published_scenario_url": "/s/OcKIUc7rNJQ",
      "production_success_at_required_portfolio": 0.9502
    },
    {
      "country": "Switzerland",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 1.2576,
      "annual_spending_usd_local_purchasing_power": 75454,
      "local_currency": "CHF",
      "required_portfolio_usd": 2730000,
      "required_multiple_of_local_spending": 36.18,
      "implied_initial_withdrawal_rate": 0.0276,
      "simulated_success_at_required_portfolio": 0.9506,
      "simulated_success_at_25x_local_spending": 0.8526,
      "first_year_spending_local_currency": 61309.92,
      "first_year_tax_local_currency": 10580.25,
      "first_year_tax_share_of_spending": 0.1726,
      "largest_first_year_tax_component": "Cantonal wealth tax",
      "asset_based_tax_modeled": "yes",
      "published_scenario_url": "/s/7ZGY_IFBn3k",
      "production_success_at_required_portfolio": 0.951
    },
    {
      "country": "Thailand",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.309,
      "annual_spending_usd_local_purchasing_power": 18542,
      "local_currency": "THB",
      "required_portfolio_usd": 650000,
      "required_multiple_of_local_spending": 35.06,
      "implied_initial_withdrawal_rate": 0.0285,
      "simulated_success_at_required_portfolio": 0.951,
      "simulated_success_at_25x_local_spending": 0.8657,
      "first_year_spending_local_currency": 614563.6,
      "first_year_tax_local_currency": 41761.44,
      "first_year_tax_share_of_spending": 0.068,
      "largest_first_year_tax_component": "Withholding on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/iG7yupCJ7Ow",
      "production_success_at_required_portfolio": 0.9504
    },
    {
      "country": "UAE",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.6979,
      "annual_spending_usd_local_purchasing_power": 41875,
      "local_currency": "AED",
      "required_portfolio_usd": 1430000,
      "required_multiple_of_local_spending": 34.15,
      "implied_initial_withdrawal_rate": 0.0293,
      "simulated_success_at_required_portfolio": 0.9514,
      "simulated_success_at_25x_local_spending": 0.8812,
      "first_year_spending_local_currency": 153786.6,
      "first_year_tax_local_currency": 0.0,
      "first_year_tax_share_of_spending": 0.0,
      "largest_first_year_tax_component": "",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/uHwEjTIDE_c",
      "production_success_at_required_portfolio": 0.9509
    },
    {
      "country": "UK",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.8726,
      "annual_spending_usd_local_purchasing_power": 52356,
      "local_currency": "GBP",
      "required_portfolio_usd": 1850000,
      "required_multiple_of_local_spending": 35.33,
      "implied_initial_withdrawal_rate": 0.0283,
      "simulated_success_at_required_portfolio": 0.9512,
      "simulated_success_at_25x_local_spending": 0.8671,
      "first_year_spending_local_currency": 38770.89,
      "first_year_tax_local_currency": 0.0,
      "first_year_tax_share_of_spending": 0.0,
      "largest_first_year_tax_component": "",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/Z90M_OMgCOM",
      "production_success_at_required_portfolio": 0.95
    },
    {
      "country": "US",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 1.0,
      "annual_spending_usd_local_purchasing_power": 60000,
      "local_currency": "USD",
      "required_portfolio_usd": 2060000,
      "required_multiple_of_local_spending": 34.33,
      "implied_initial_withdrawal_rate": 0.0291,
      "simulated_success_at_required_portfolio": 0.9511,
      "simulated_success_at_25x_local_spending": 0.8812,
      "first_year_spending_local_currency": 60000.0,
      "first_year_tax_local_currency": 0.0,
      "first_year_tax_share_of_spending": 0.0,
      "largest_first_year_tax_component": "",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/R56Uz9Glof8",
      "production_success_at_required_portfolio": 0.9542
    },
    {
      "country": "Uruguay",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.7286,
      "annual_spending_usd_local_purchasing_power": 43715,
      "local_currency": "UYU",
      "required_portfolio_usd": 1600000,
      "required_multiple_of_local_spending": 36.6,
      "implied_initial_withdrawal_rate": 0.0273,
      "simulated_success_at_required_portfolio": 0.9515,
      "simulated_success_at_25x_local_spending": 0.8623,
      "first_year_spending_local_currency": 1760262.95,
      "first_year_tax_local_currency": 144961.2,
      "first_year_tax_share_of_spending": 0.0824,
      "largest_first_year_tax_component": "IRPF Category II (investment income)",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/IMoogxIcRQU",
      "production_success_at_required_portfolio": 0.9514
    },
    {
      "country": "Vietnam",
      "annual_spending_usd_us_equivalent": 60000,
      "cost_of_living_multiplier": 0.2623,
      "annual_spending_usd_local_purchasing_power": 15735,
      "local_currency": "VND",
      "required_portfolio_usd": 570000,
      "required_multiple_of_local_spending": 36.22,
      "implied_initial_withdrawal_rate": 0.0276,
      "simulated_success_at_required_portfolio": 0.9536,
      "simulated_success_at_25x_local_spending": 0.873,
      "first_year_spending_local_currency": 409834980.76,
      "first_year_tax_local_currency": 14275551.13,
      "first_year_tax_share_of_spending": 0.0348,
      "largest_first_year_tax_component": "Investment capital income tax",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "/s/dhUFlQCg5iU",
      "production_success_at_required_portfolio": 0.9539
    },
    {
      "country": "Australia",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.9358,
      "annual_spending_usd_local_purchasing_power": 74864,
      "local_currency": "AUD",
      "required_portfolio_usd": 2520000,
      "required_multiple_of_local_spending": 33.66,
      "implied_initial_withdrawal_rate": 0.0297,
      "simulated_success_at_required_portfolio": 0.9505,
      "simulated_success_at_25x_local_spending": 0.8683,
      "first_year_spending_local_currency": 106044.98,
      "first_year_tax_local_currency": 8032.77,
      "first_year_tax_share_of_spending": 0.0757,
      "largest_first_year_tax_component": "Tax on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Austria",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.7798,
      "annual_spending_usd_local_purchasing_power": 62387,
      "local_currency": "EUR",
      "required_portfolio_usd": 2430000,
      "required_multiple_of_local_spending": 38.95,
      "implied_initial_withdrawal_rate": 0.0257,
      "simulated_success_at_required_portfolio": 0.9506,
      "simulated_success_at_25x_local_spending": 0.7867,
      "first_year_spending_local_currency": 54015.53,
      "first_year_tax_local_currency": 13396.36,
      "first_year_tax_share_of_spending": 0.248,
      "largest_first_year_tax_component": "KESt on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Belgium",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.8141,
      "annual_spending_usd_local_purchasing_power": 65130,
      "local_currency": "EUR",
      "required_portfolio_usd": 2410000,
      "required_multiple_of_local_spending": 37.0,
      "implied_initial_withdrawal_rate": 0.027,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.8279,
      "first_year_spending_local_currency": 56390.31,
      "first_year_tax_local_currency": 12519.61,
      "first_year_tax_share_of_spending": 0.222,
      "largest_first_year_tax_component": "Pr\u00e9compte mobilier (dividends/interest)",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Brazil",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.4685,
      "annual_spending_usd_local_purchasing_power": 37477,
      "local_currency": "BRL",
      "required_portfolio_usd": 1340000,
      "required_multiple_of_local_spending": 35.76,
      "implied_initial_withdrawal_rate": 0.028,
      "simulated_success_at_required_portfolio": 0.9503,
      "simulated_success_at_25x_local_spending": 0.8366,
      "first_year_spending_local_currency": 194313.16,
      "first_year_tax_local_currency": 23959.67,
      "first_year_tax_share_of_spending": 0.1233,
      "largest_first_year_tax_component": "Tax on investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Canada",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.9062,
      "annual_spending_usd_local_purchasing_power": 72495,
      "local_currency": "CAD",
      "required_portfolio_usd": 2460000,
      "required_multiple_of_local_spending": 33.93,
      "implied_initial_withdrawal_rate": 0.0295,
      "simulated_success_at_required_portfolio": 0.9503,
      "simulated_success_at_25x_local_spending": 0.8635,
      "first_year_spending_local_currency": 100884.55,
      "first_year_tax_local_currency": 8866.89,
      "first_year_tax_share_of_spending": 0.0879,
      "largest_first_year_tax_component": "Tax on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Chile",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.512,
      "annual_spending_usd_local_purchasing_power": 40960,
      "local_currency": "CLP",
      "required_portfolio_usd": 1360000,
      "required_multiple_of_local_spending": 33.2,
      "implied_initial_withdrawal_rate": 0.0301,
      "simulated_success_at_required_portfolio": 0.9513,
      "simulated_success_at_25x_local_spending": 0.8741,
      "first_year_spending_local_currency": 37429248.0,
      "first_year_tax_local_currency": 816992.34,
      "first_year_tax_share_of_spending": 0.0218,
      "largest_first_year_tax_component": "Global Complementary Tax \u2014 investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Costa Rica",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.6368,
      "annual_spending_usd_local_purchasing_power": 50948,
      "local_currency": "CRC",
      "required_portfolio_usd": 1820000,
      "required_multiple_of_local_spending": 35.72,
      "implied_initial_withdrawal_rate": 0.028,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.8366,
      "first_year_spending_local_currency": 22977982.44,
      "first_year_tax_local_currency": 2831555.45,
      "first_year_tax_share_of_spending": 0.1232,
      "largest_first_year_tax_component": "Withholding on domestic dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Cyprus",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.6395,
      "annual_spending_usd_local_purchasing_power": 51157,
      "local_currency": "EUR",
      "required_portfolio_usd": 1780000,
      "required_multiple_of_local_spending": 34.8,
      "implied_initial_withdrawal_rate": 0.0287,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.8546,
      "first_year_spending_local_currency": 44291.82,
      "first_year_tax_local_currency": 5239.88,
      "first_year_tax_share_of_spending": 0.1183,
      "largest_first_year_tax_component": "Special Defence Contribution",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Czech Republic",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.6464,
      "annual_spending_usd_local_purchasing_power": 51713,
      "local_currency": "CZK",
      "required_portfolio_usd": 1800000,
      "required_multiple_of_local_spending": 34.81,
      "implied_initial_withdrawal_rate": 0.0287,
      "simulated_success_at_required_portfolio": 0.9504,
      "simulated_success_at_25x_local_spending": 0.8504,
      "first_year_spending_local_currency": 1084467.28,
      "first_year_tax_local_currency": 99249.35,
      "first_year_tax_share_of_spending": 0.0915,
      "largest_first_year_tax_component": "Czech personal income tax \u2014 investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "France",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.776,
      "annual_spending_usd_local_purchasing_power": 62080,
      "local_currency": "EUR",
      "required_portfolio_usd": 2500000,
      "required_multiple_of_local_spending": 40.27,
      "implied_initial_withdrawal_rate": 0.0248,
      "simulated_success_at_required_portfolio": 0.9501,
      "simulated_success_at_25x_local_spending": 0.7604,
      "first_year_spending_local_currency": 53749.16,
      "first_year_tax_local_currency": 15761.12,
      "first_year_tax_share_of_spending": 0.2932,
      "largest_first_year_tax_component": "PFU on investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Germany",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.7593,
      "annual_spending_usd_local_purchasing_power": 60747,
      "local_currency": "EUR",
      "required_portfolio_usd": 2320000,
      "required_multiple_of_local_spending": 38.19,
      "implied_initial_withdrawal_rate": 0.0262,
      "simulated_success_at_required_portfolio": 0.9507,
      "simulated_success_at_25x_local_spending": 0.798,
      "first_year_spending_local_currency": 52595.59,
      "first_year_tax_local_currency": 11737.32,
      "first_year_tax_share_of_spending": 0.2232,
      "largest_first_year_tax_component": "Abgeltungsteuer on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Greece",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.6037,
      "annual_spending_usd_local_purchasing_power": 48300,
      "local_currency": "EUR",
      "required_portfolio_usd": 1730000,
      "required_multiple_of_local_spending": 35.82,
      "implied_initial_withdrawal_rate": 0.0279,
      "simulated_success_at_required_portfolio": 0.9504,
      "simulated_success_at_25x_local_spending": 0.8366,
      "first_year_spending_local_currency": 41818.37,
      "first_year_tax_local_currency": 5162.42,
      "first_year_tax_share_of_spending": 0.1234,
      "largest_first_year_tax_component": "Dividend / interest tax",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Hungary",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.5177,
      "annual_spending_usd_local_purchasing_power": 41415,
      "local_currency": "HUF",
      "required_portfolio_usd": 1560000,
      "required_multiple_of_local_spending": 37.67,
      "implied_initial_withdrawal_rate": 0.0265,
      "simulated_success_at_required_portfolio": 0.951,
      "simulated_success_at_25x_local_spending": 0.8131,
      "first_year_spending_local_currency": 13016776.29,
      "first_year_tax_local_currency": 2710708.06,
      "first_year_tax_share_of_spending": 0.2082,
      "largest_first_year_tax_component": "Tax and social contribution on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Italy",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.6767,
      "annual_spending_usd_local_purchasing_power": 54133,
      "local_currency": "EUR",
      "required_portfolio_usd": 2180000,
      "required_multiple_of_local_spending": 40.27,
      "implied_initial_withdrawal_rate": 0.0248,
      "simulated_success_at_required_portfolio": 0.9501,
      "simulated_success_at_25x_local_spending": 0.7689,
      "first_year_spending_local_currency": 46868.56,
      "first_year_tax_local_currency": 15249.31,
      "first_year_tax_share_of_spending": 0.3254,
      "largest_first_year_tax_component": "Financial income tax",
      "asset_based_tax_modeled": "yes",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Japan",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.6566,
      "annual_spending_usd_local_purchasing_power": 52527,
      "local_currency": "JPY",
      "required_portfolio_usd": 1950000,
      "required_multiple_of_local_spending": 37.12,
      "implied_initial_withdrawal_rate": 0.0269,
      "simulated_success_at_required_portfolio": 0.9509,
      "simulated_success_at_25x_local_spending": 0.8163,
      "first_year_spending_local_currency": 8369091.81,
      "first_year_tax_local_currency": 1454422.57,
      "first_year_tax_share_of_spending": 0.1738,
      "largest_first_year_tax_component": "Withholding on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Malaysia",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.3167,
      "annual_spending_usd_local_purchasing_power": 25334,
      "local_currency": "MYR",
      "required_portfolio_usd": 850000,
      "required_multiple_of_local_spending": 33.55,
      "implied_initial_withdrawal_rate": 0.0298,
      "simulated_success_at_required_portfolio": 0.9516,
      "simulated_success_at_25x_local_spending": 0.868,
      "first_year_spending_local_currency": 103503.65,
      "first_year_tax_local_currency": 0.0,
      "first_year_tax_share_of_spending": 0.0,
      "largest_first_year_tax_component": "",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Malta",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.632,
      "annual_spending_usd_local_purchasing_power": 50556,
      "local_currency": "EUR",
      "required_portfolio_usd": 1750000,
      "required_multiple_of_local_spending": 34.62,
      "implied_initial_withdrawal_rate": 0.0289,
      "simulated_success_at_required_portfolio": 0.9509,
      "simulated_success_at_25x_local_spending": 0.8577,
      "first_year_spending_local_currency": 43771.93,
      "first_year_tax_local_currency": 4545.5,
      "first_year_tax_share_of_spending": 0.1038,
      "largest_first_year_tax_component": "Withholding on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Mexico",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.5901,
      "annual_spending_usd_local_purchasing_power": 47206,
      "local_currency": "MXN",
      "required_portfolio_usd": 1640000,
      "required_multiple_of_local_spending": 34.74,
      "implied_initial_withdrawal_rate": 0.0288,
      "simulated_success_at_required_portfolio": 0.9507,
      "simulated_success_at_25x_local_spending": 0.8522,
      "first_year_spending_local_currency": 803677.17,
      "first_year_tax_local_currency": 63940.4,
      "first_year_tax_share_of_spending": 0.0796,
      "largest_first_year_tax_component": "Dividend tax (Art. 140)",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Netherlands",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.8031,
      "annual_spending_usd_local_purchasing_power": 64246,
      "local_currency": "EUR",
      "required_portfolio_usd": 3170000,
      "required_multiple_of_local_spending": 49.34,
      "implied_initial_withdrawal_rate": 0.0203,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.7153,
      "first_year_spending_local_currency": 55624.63,
      "first_year_tax_local_currency": 56719.52,
      "first_year_tax_share_of_spending": 1.0197,
      "largest_first_year_tax_component": "Box 3 deemed-yield tax",
      "asset_based_tax_modeled": "yes",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Panama",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.5111,
      "annual_spending_usd_local_purchasing_power": 40886,
      "local_currency": "USD",
      "required_portfolio_usd": 1420000,
      "required_multiple_of_local_spending": 34.73,
      "implied_initial_withdrawal_rate": 0.0288,
      "simulated_success_at_required_portfolio": 0.9507,
      "simulated_success_at_25x_local_spending": 0.8522,
      "first_year_spending_local_currency": 40885.95,
      "first_year_tax_local_currency": 3252.23,
      "first_year_tax_share_of_spending": 0.0795,
      "largest_first_year_tax_component": "Domestic portfolio tax",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Portugal",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.6048,
      "annual_spending_usd_local_purchasing_power": 48382,
      "local_currency": "EUR",
      "required_portfolio_usd": 1890000,
      "required_multiple_of_local_spending": 39.06,
      "implied_initial_withdrawal_rate": 0.0256,
      "simulated_success_at_required_portfolio": 0.9506,
      "simulated_success_at_25x_local_spending": 0.7842,
      "first_year_spending_local_currency": 41889.9,
      "first_year_tax_local_currency": 10614.16,
      "first_year_tax_share_of_spending": 0.2534,
      "largest_first_year_tax_component": "Tax on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Singapore",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.7798,
      "annual_spending_usd_local_purchasing_power": 62386,
      "local_currency": "SGD",
      "required_portfolio_usd": 2070000,
      "required_multiple_of_local_spending": 33.18,
      "implied_initial_withdrawal_rate": 0.0301,
      "simulated_success_at_required_portfolio": 0.9509,
      "simulated_success_at_25x_local_spending": 0.8726,
      "first_year_spending_local_currency": 79829.27,
      "first_year_tax_local_currency": 1987.09,
      "first_year_tax_share_of_spending": 0.0249,
      "largest_first_year_tax_component": "Tax on remitted foreign investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "South Africa",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.4202,
      "annual_spending_usd_local_purchasing_power": 33617,
      "local_currency": "ZAR",
      "required_portfolio_usd": 1160000,
      "required_multiple_of_local_spending": 34.51,
      "implied_initial_withdrawal_rate": 0.029,
      "simulated_success_at_required_portfolio": 0.951,
      "simulated_success_at_25x_local_spending": 0.8581,
      "first_year_spending_local_currency": 542735.22,
      "first_year_tax_local_currency": 60999.86,
      "first_year_tax_share_of_spending": 0.1124,
      "largest_first_year_tax_component": "South African tax \u2014 interest and dividends",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Spain",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.637,
      "annual_spending_usd_local_purchasing_power": 50957,
      "local_currency": "EUR",
      "required_portfolio_usd": 1980000,
      "required_multiple_of_local_spending": 38.86,
      "implied_initial_withdrawal_rate": 0.0257,
      "simulated_success_at_required_portfolio": 0.9511,
      "simulated_success_at_25x_local_spending": 0.8064,
      "first_year_spending_local_currency": 44118.93,
      "first_year_tax_local_currency": 14010.71,
      "first_year_tax_share_of_spending": 0.3176,
      "largest_first_year_tax_component": "Savings tax on dividends/interest",
      "asset_based_tax_modeled": "yes",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Switzerland",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 1.2576,
      "annual_spending_usd_local_purchasing_power": 100605,
      "local_currency": "CHF",
      "required_portfolio_usd": 3600000,
      "required_multiple_of_local_spending": 35.78,
      "implied_initial_withdrawal_rate": 0.0279,
      "simulated_success_at_required_portfolio": 0.9501,
      "simulated_success_at_25x_local_spending": 0.8485,
      "first_year_spending_local_currency": 81746.57,
      "first_year_tax_local_currency": 17246.88,
      "first_year_tax_share_of_spending": 0.211,
      "largest_first_year_tax_component": "Cantonal wealth tax",
      "asset_based_tax_modeled": "yes",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Thailand",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.309,
      "annual_spending_usd_local_purchasing_power": 24723,
      "local_currency": "THB",
      "required_portfolio_usd": 840000,
      "required_multiple_of_local_spending": 33.98,
      "implied_initial_withdrawal_rate": 0.0294,
      "simulated_success_at_required_portfolio": 0.951,
      "simulated_success_at_25x_local_spending": 0.8657,
      "first_year_spending_local_currency": 819418.14,
      "first_year_tax_local_currency": 55681.92,
      "first_year_tax_share_of_spending": 0.068,
      "largest_first_year_tax_component": "Withholding on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "UAE",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.6979,
      "annual_spending_usd_local_purchasing_power": 55834,
      "local_currency": "AED",
      "required_portfolio_usd": 1820000,
      "required_multiple_of_local_spending": 32.6,
      "implied_initial_withdrawal_rate": 0.0307,
      "simulated_success_at_required_portfolio": 0.9505,
      "simulated_success_at_25x_local_spending": 0.8812,
      "first_year_spending_local_currency": 205048.8,
      "first_year_tax_local_currency": 0.0,
      "first_year_tax_share_of_spending": 0.0,
      "largest_first_year_tax_component": "",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "UK",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.8726,
      "annual_spending_usd_local_purchasing_power": 69808,
      "local_currency": "GBP",
      "required_portfolio_usd": 2340000,
      "required_multiple_of_local_spending": 33.52,
      "implied_initial_withdrawal_rate": 0.0298,
      "simulated_success_at_required_portfolio": 0.9505,
      "simulated_success_at_25x_local_spending": 0.8637,
      "first_year_spending_local_currency": 51694.53,
      "first_year_tax_local_currency": 657.68,
      "first_year_tax_share_of_spending": 0.0127,
      "largest_first_year_tax_component": "Dividend / savings tax",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "US",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 1.0,
      "annual_spending_usd_local_purchasing_power": 80000,
      "local_currency": "USD",
      "required_portfolio_usd": 2610000,
      "required_multiple_of_local_spending": 32.62,
      "implied_initial_withdrawal_rate": 0.0307,
      "simulated_success_at_required_portfolio": 0.9506,
      "simulated_success_at_25x_local_spending": 0.8812,
      "first_year_spending_local_currency": 80000.0,
      "first_year_tax_local_currency": 0.0,
      "first_year_tax_share_of_spending": 0.0,
      "largest_first_year_tax_component": "",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Uruguay",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.7286,
      "annual_spending_usd_local_purchasing_power": 58286,
      "local_currency": "UYU",
      "required_portfolio_usd": 1990000,
      "required_multiple_of_local_spending": 34.14,
      "implied_initial_withdrawal_rate": 0.0293,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.8623,
      "first_year_spending_local_currency": 2347017.27,
      "first_year_tax_local_currency": 192315.19,
      "first_year_tax_share_of_spending": 0.0819,
      "largest_first_year_tax_component": "IRPF Category II (investment income)",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Vietnam",
      "annual_spending_usd_us_equivalent": 80000,
      "cost_of_living_multiplier": 0.2623,
      "annual_spending_usd_local_purchasing_power": 20980,
      "local_currency": "VND",
      "required_portfolio_usd": 700000,
      "required_multiple_of_local_spending": 33.37,
      "implied_initial_withdrawal_rate": 0.03,
      "simulated_success_at_required_portfolio": 0.9512,
      "simulated_success_at_25x_local_spending": 0.873,
      "first_year_spending_local_currency": 546446641.01,
      "first_year_tax_local_currency": 18859661.81,
      "first_year_tax_share_of_spending": 0.0345,
      "largest_first_year_tax_component": "Investment capital income tax",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Australia",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.9358,
      "annual_spending_usd_local_purchasing_power": 112296,
      "local_currency": "AUD",
      "required_portfolio_usd": 3880000,
      "required_multiple_of_local_spending": 34.55,
      "implied_initial_withdrawal_rate": 0.0289,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.8556,
      "first_year_spending_local_currency": 159067.47,
      "first_year_tax_local_currency": 19633.05,
      "first_year_tax_share_of_spending": 0.1234,
      "largest_first_year_tax_component": "Tax on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Austria",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.7798,
      "annual_spending_usd_local_purchasing_power": 93581,
      "local_currency": "EUR",
      "required_portfolio_usd": 3640000,
      "required_multiple_of_local_spending": 38.9,
      "implied_initial_withdrawal_rate": 0.0257,
      "simulated_success_at_required_portfolio": 0.9505,
      "simulated_success_at_25x_local_spending": 0.7867,
      "first_year_spending_local_currency": 81023.3,
      "first_year_tax_local_currency": 20075.6,
      "first_year_tax_share_of_spending": 0.2478,
      "largest_first_year_tax_component": "KESt on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Belgium",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.8141,
      "annual_spending_usd_local_purchasing_power": 97695,
      "local_currency": "EUR",
      "required_portfolio_usd": 3630000,
      "required_multiple_of_local_spending": 37.16,
      "implied_initial_withdrawal_rate": 0.0269,
      "simulated_success_at_required_portfolio": 0.9503,
      "simulated_success_at_25x_local_spending": 0.8254,
      "first_year_spending_local_currency": 84585.47,
      "first_year_tax_local_currency": 18922.09,
      "first_year_tax_share_of_spending": 0.2237,
      "largest_first_year_tax_component": "Pr\u00e9compte mobilier (dividends/interest)",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Brazil",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.4685,
      "annual_spending_usd_local_purchasing_power": 56215,
      "local_currency": "BRL",
      "required_portfolio_usd": 2010000,
      "required_multiple_of_local_spending": 35.76,
      "implied_initial_withdrawal_rate": 0.028,
      "simulated_success_at_required_portfolio": 0.9503,
      "simulated_success_at_25x_local_spending": 0.8366,
      "first_year_spending_local_currency": 291469.74,
      "first_year_tax_local_currency": 35939.51,
      "first_year_tax_share_of_spending": 0.1233,
      "largest_first_year_tax_component": "Tax on investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Canada",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.9062,
      "annual_spending_usd_local_purchasing_power": 108743,
      "local_currency": "CAD",
      "required_portfolio_usd": 3770000,
      "required_multiple_of_local_spending": 34.67,
      "implied_initial_withdrawal_rate": 0.0288,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.8536,
      "first_year_spending_local_currency": 151326.83,
      "first_year_tax_local_currency": 17077.57,
      "first_year_tax_share_of_spending": 0.1129,
      "largest_first_year_tax_component": "Tax on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Chile",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.512,
      "annual_spending_usd_local_purchasing_power": 61440,
      "local_currency": "CLP",
      "required_portfolio_usd": 2060000,
      "required_multiple_of_local_spending": 33.53,
      "implied_initial_withdrawal_rate": 0.0298,
      "simulated_success_at_required_portfolio": 0.9508,
      "simulated_success_at_25x_local_spending": 0.8689,
      "first_year_spending_local_currency": 56143872.0,
      "first_year_tax_local_currency": 2062577.75,
      "first_year_tax_share_of_spending": 0.0367,
      "largest_first_year_tax_component": "Global Complementary Tax \u2014 investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Costa Rica",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.6368,
      "annual_spending_usd_local_purchasing_power": 76422,
      "local_currency": "CRC",
      "required_portfolio_usd": 2730000,
      "required_multiple_of_local_spending": 35.72,
      "implied_initial_withdrawal_rate": 0.028,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.8366,
      "first_year_spending_local_currency": 34466973.66,
      "first_year_tax_local_currency": 4247333.18,
      "first_year_tax_share_of_spending": 0.1232,
      "largest_first_year_tax_component": "Withholding on domestic dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Cyprus",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.6395,
      "annual_spending_usd_local_purchasing_power": 76735,
      "local_currency": "EUR",
      "required_portfolio_usd": 2670000,
      "required_multiple_of_local_spending": 34.8,
      "implied_initial_withdrawal_rate": 0.0287,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.8546,
      "first_year_spending_local_currency": 66437.73,
      "first_year_tax_local_currency": 7859.82,
      "first_year_tax_share_of_spending": 0.1183,
      "largest_first_year_tax_component": "Special Defence Contribution",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Czech Republic",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.6464,
      "annual_spending_usd_local_purchasing_power": 77569,
      "local_currency": "CZK",
      "required_portfolio_usd": 2720000,
      "required_multiple_of_local_spending": 35.07,
      "implied_initial_withdrawal_rate": 0.0285,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.8455,
      "first_year_spending_local_currency": 1626700.92,
      "first_year_tax_local_currency": 165891.31,
      "first_year_tax_share_of_spending": 0.102,
      "largest_first_year_tax_component": "Czech personal income tax \u2014 investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "France",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.776,
      "annual_spending_usd_local_purchasing_power": 93119,
      "local_currency": "EUR",
      "required_portfolio_usd": 3800000,
      "required_multiple_of_local_spending": 40.81,
      "implied_initial_withdrawal_rate": 0.0245,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.7502,
      "first_year_spending_local_currency": 80623.75,
      "first_year_tax_local_currency": 24007.08,
      "first_year_tax_share_of_spending": 0.2978,
      "largest_first_year_tax_component": "PFU on investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Germany",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.7593,
      "annual_spending_usd_local_purchasing_power": 91121,
      "local_currency": "EUR",
      "required_portfolio_usd": 3490000,
      "required_multiple_of_local_spending": 38.3,
      "implied_initial_withdrawal_rate": 0.0261,
      "simulated_success_at_required_portfolio": 0.9506,
      "simulated_success_at_25x_local_spending": 0.7959,
      "first_year_spending_local_currency": 78893.38,
      "first_year_tax_local_currency": 17925.52,
      "first_year_tax_share_of_spending": 0.2272,
      "largest_first_year_tax_component": "Abgeltungsteuer on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Greece",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.6037,
      "annual_spending_usd_local_purchasing_power": 72450,
      "local_currency": "EUR",
      "required_portfolio_usd": 2590000,
      "required_multiple_of_local_spending": 35.75,
      "implied_initial_withdrawal_rate": 0.028,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.8366,
      "first_year_spending_local_currency": 62727.56,
      "first_year_tax_local_currency": 7733.65,
      "first_year_tax_share_of_spending": 0.1233,
      "largest_first_year_tax_component": "Dividend / interest tax",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Hungary",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.5177,
      "annual_spending_usd_local_purchasing_power": 62123,
      "local_currency": "HUF",
      "required_portfolio_usd": 2310000,
      "required_multiple_of_local_spending": 37.18,
      "implied_initial_withdrawal_rate": 0.0269,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.8163,
      "first_year_spending_local_currency": 19525164.43,
      "first_year_tax_local_currency": 3520168.27,
      "first_year_tax_share_of_spending": 0.1803,
      "largest_first_year_tax_component": "Tax and social contribution on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Italy",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.6767,
      "annual_spending_usd_local_purchasing_power": 81199,
      "local_currency": "EUR",
      "required_portfolio_usd": 3270000,
      "required_multiple_of_local_spending": 40.27,
      "implied_initial_withdrawal_rate": 0.0248,
      "simulated_success_at_required_portfolio": 0.9501,
      "simulated_success_at_25x_local_spending": 0.7689,
      "first_year_spending_local_currency": 70302.84,
      "first_year_tax_local_currency": 22873.97,
      "first_year_tax_share_of_spending": 0.3254,
      "largest_first_year_tax_component": "Financial income tax",
      "asset_based_tax_modeled": "yes",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Japan",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.6566,
      "annual_spending_usd_local_purchasing_power": 78790,
      "local_currency": "JPY",
      "required_portfolio_usd": 2920000,
      "required_multiple_of_local_spending": 37.06,
      "implied_initial_withdrawal_rate": 0.027,
      "simulated_success_at_required_portfolio": 0.9507,
      "simulated_success_at_25x_local_spending": 0.8163,
      "first_year_spending_local_currency": 12553637.72,
      "first_year_tax_local_currency": 2179110.62,
      "first_year_tax_share_of_spending": 0.1736,
      "largest_first_year_tax_component": "Withholding on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Malaysia",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.3167,
      "annual_spending_usd_local_purchasing_power": 38001,
      "local_currency": "MYR",
      "required_portfolio_usd": 1290000,
      "required_multiple_of_local_spending": 33.95,
      "implied_initial_withdrawal_rate": 0.0295,
      "simulated_success_at_required_portfolio": 0.9501,
      "simulated_success_at_25x_local_spending": 0.8562,
      "first_year_spending_local_currency": 155255.47,
      "first_year_tax_local_currency": 0.0,
      "first_year_tax_share_of_spending": 0.0,
      "largest_first_year_tax_component": "",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Malta",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.632,
      "annual_spending_usd_local_purchasing_power": 75834,
      "local_currency": "EUR",
      "required_portfolio_usd": 2620000,
      "required_multiple_of_local_spending": 34.55,
      "implied_initial_withdrawal_rate": 0.0289,
      "simulated_success_at_required_portfolio": 0.9504,
      "simulated_success_at_25x_local_spending": 0.8577,
      "first_year_spending_local_currency": 65657.9,
      "first_year_tax_local_currency": 6805.27,
      "first_year_tax_share_of_spending": 0.1036,
      "largest_first_year_tax_component": "Withholding on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Mexico",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.5901,
      "annual_spending_usd_local_purchasing_power": 70809,
      "local_currency": "MXN",
      "required_portfolio_usd": 2460000,
      "required_multiple_of_local_spending": 34.74,
      "implied_initial_withdrawal_rate": 0.0288,
      "simulated_success_at_required_portfolio": 0.9507,
      "simulated_success_at_25x_local_spending": 0.8522,
      "first_year_spending_local_currency": 1205515.75,
      "first_year_tax_local_currency": 95910.61,
      "first_year_tax_share_of_spending": 0.0796,
      "largest_first_year_tax_component": "Dividend tax (Art. 140)",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Netherlands",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.8031,
      "annual_spending_usd_local_purchasing_power": 96369,
      "local_currency": "EUR",
      "required_portfolio_usd": 4840000,
      "required_multiple_of_local_spending": 50.22,
      "implied_initial_withdrawal_rate": 0.0199,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.7034,
      "first_year_spending_local_currency": 83436.95,
      "first_year_tax_local_currency": 87951.02,
      "first_year_tax_share_of_spending": 1.0541,
      "largest_first_year_tax_component": "Box 3 deemed-yield tax",
      "asset_based_tax_modeled": "yes",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Panama",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.5111,
      "annual_spending_usd_local_purchasing_power": 61329,
      "local_currency": "USD",
      "required_portfolio_usd": 2130000,
      "required_multiple_of_local_spending": 34.73,
      "implied_initial_withdrawal_rate": 0.0288,
      "simulated_success_at_required_portfolio": 0.9507,
      "simulated_success_at_25x_local_spending": 0.8522,
      "first_year_spending_local_currency": 61328.93,
      "first_year_tax_local_currency": 4878.35,
      "first_year_tax_share_of_spending": 0.0795,
      "largest_first_year_tax_component": "Domestic portfolio tax",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Portugal",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.6048,
      "annual_spending_usd_local_purchasing_power": 72573,
      "local_currency": "EUR",
      "required_portfolio_usd": 2830000,
      "required_multiple_of_local_spending": 38.99,
      "implied_initial_withdrawal_rate": 0.0256,
      "simulated_success_at_required_portfolio": 0.9503,
      "simulated_success_at_25x_local_spending": 0.7842,
      "first_year_spending_local_currency": 62834.85,
      "first_year_tax_local_currency": 15901.93,
      "first_year_tax_share_of_spending": 0.2531,
      "largest_first_year_tax_component": "Tax on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Singapore",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.7798,
      "annual_spending_usd_local_purchasing_power": 93579,
      "local_currency": "SGD",
      "required_portfolio_usd": 3140000,
      "required_multiple_of_local_spending": 33.55,
      "implied_initial_withdrawal_rate": 0.0298,
      "simulated_success_at_required_portfolio": 0.9509,
      "simulated_success_at_25x_local_spending": 0.8688,
      "first_year_spending_local_currency": 119743.91,
      "first_year_tax_local_currency": 4719.81,
      "first_year_tax_share_of_spending": 0.0394,
      "largest_first_year_tax_component": "Tax on remitted foreign investment income",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "South Africa",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.4202,
      "annual_spending_usd_local_purchasing_power": 50425,
      "local_currency": "ZAR",
      "required_portfolio_usd": 1780000,
      "required_multiple_of_local_spending": 35.3,
      "implied_initial_withdrawal_rate": 0.0283,
      "simulated_success_at_required_portfolio": 0.9502,
      "simulated_success_at_25x_local_spending": 0.8476,
      "first_year_spending_local_currency": 814102.83,
      "first_year_tax_local_currency": 130570.29,
      "first_year_tax_share_of_spending": 0.1604,
      "largest_first_year_tax_component": "South African tax \u2014 interest and dividends",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Spain",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.637,
      "annual_spending_usd_local_purchasing_power": 76435,
      "local_currency": "EUR",
      "required_portfolio_usd": 3120000,
      "required_multiple_of_local_spending": 40.82,
      "implied_initial_withdrawal_rate": 0.0245,
      "simulated_success_at_required_portfolio": 0.9503,
      "simulated_success_at_25x_local_spending": 0.7876,
      "first_year_spending_local_currency": 66178.4,
      "first_year_tax_local_currency": 31069.58,
      "first_year_tax_share_of_spending": 0.4695,
      "largest_first_year_tax_component": "Wealth tax (Impuesto sobre el Patrimonio)",
      "asset_based_tax_modeled": "yes",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Switzerland",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 1.2576,
      "annual_spending_usd_local_purchasing_power": 150907,
      "local_currency": "CHF",
      "required_portfolio_usd": 5540000,
      "required_multiple_of_local_spending": 36.71,
      "implied_initial_withdrawal_rate": 0.0272,
      "simulated_success_at_required_portfolio": 0.9503,
      "simulated_success_at_25x_local_spending": 0.8397,
      "first_year_spending_local_currency": 122619.85,
      "first_year_tax_local_currency": 33275.33,
      "first_year_tax_share_of_spending": 0.2714,
      "largest_first_year_tax_component": "Cantonal wealth tax",
      "asset_based_tax_modeled": "yes",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Thailand",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.309,
      "annual_spending_usd_local_purchasing_power": 37084,
      "local_currency": "THB",
      "required_portfolio_usd": 1260000,
      "required_multiple_of_local_spending": 33.98,
      "implied_initial_withdrawal_rate": 0.0294,
      "simulated_success_at_required_portfolio": 0.951,
      "simulated_success_at_25x_local_spending": 0.8657,
      "first_year_spending_local_currency": 1229127.21,
      "first_year_tax_local_currency": 83522.88,
      "first_year_tax_share_of_spending": 0.068,
      "largest_first_year_tax_component": "Withholding on dividends/interest",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "UAE",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.6979,
      "annual_spending_usd_local_purchasing_power": 83750,
      "local_currency": "AED",
      "required_portfolio_usd": 2730000,
      "required_multiple_of_local_spending": 32.6,
      "implied_initial_withdrawal_rate": 0.0307,
      "simulated_success_at_required_portfolio": 0.9505,
      "simulated_success_at_25x_local_spending": 0.8812,
      "first_year_spending_local_currency": 307573.19,
      "first_year_tax_local_currency": 0.0,
      "first_year_tax_share_of_spending": 0.0,
      "largest_first_year_tax_component": "",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "UK",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.8726,
      "annual_spending_usd_local_purchasing_power": 104713,
      "local_currency": "GBP",
      "required_portfolio_usd": 3550000,
      "required_multiple_of_local_spending": 33.9,
      "implied_initial_withdrawal_rate": 0.0295,
      "simulated_success_at_required_portfolio": 0.9505,
      "simulated_success_at_25x_local_spending": 0.8585,
      "first_year_spending_local_currency": 77541.79,
      "first_year_tax_local_currency": 2437.7,
      "first_year_tax_share_of_spending": 0.0314,
      "largest_first_year_tax_component": "Dividend / savings tax",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "US",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 1.0,
      "annual_spending_usd_local_purchasing_power": 120000,
      "local_currency": "USD",
      "required_portfolio_usd": 3910000,
      "required_multiple_of_local_spending": 32.58,
      "implied_initial_withdrawal_rate": 0.0307,
      "simulated_success_at_required_portfolio": 0.9503,
      "simulated_success_at_25x_local_spending": 0.8812,
      "first_year_spending_local_currency": 120000.0,
      "first_year_tax_local_currency": 0.0,
      "first_year_tax_share_of_spending": 0.0,
      "largest_first_year_tax_component": "",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Uruguay",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.7286,
      "annual_spending_usd_local_purchasing_power": 87430,
      "local_currency": "UYU",
      "required_portfolio_usd": 2990000,
      "required_multiple_of_local_spending": 34.2,
      "implied_initial_withdrawal_rate": 0.0292,
      "simulated_success_at_required_portfolio": 0.9505,
      "simulated_success_at_25x_local_spending": 0.8623,
      "first_year_spending_local_currency": 3520525.9,
      "first_year_tax_local_currency": 288955.99,
      "first_year_tax_share_of_spending": 0.0821,
      "largest_first_year_tax_component": "IRPF Category II (investment income)",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    },
    {
      "country": "Vietnam",
      "annual_spending_usd_us_equivalent": 120000,
      "cost_of_living_multiplier": 0.2623,
      "annual_spending_usd_local_purchasing_power": 31470,
      "local_currency": "VND",
      "required_portfolio_usd": 1050000,
      "required_multiple_of_local_spending": 33.37,
      "implied_initial_withdrawal_rate": 0.03,
      "simulated_success_at_required_portfolio": 0.9512,
      "simulated_success_at_25x_local_spending": 0.873,
      "first_year_spending_local_currency": 819669961.51,
      "first_year_tax_local_currency": 28289492.71,
      "first_year_tax_share_of_spending": 0.0345,
      "largest_first_year_tax_component": "Investment capital income tax",
      "asset_based_tax_modeled": "no",
      "published_scenario_url": "",
      "production_success_at_required_portfolio": ""
    }
  ],
  "cells_without_a_threshold": [],
  "exchange_rate_snapshot": {
    "provider": "frankfurter.dev",
    "as_of": "2026-08-14",
    "retrieved_at": "2026-08-14T22:37:40.526482+00:00",
    "source_quality": "live"
  },
  "published_calibration": {
    "method": "production_oracle",
    "target_success": 0.95,
    "note": "Published cells are calibrated against production: the locally located threshold is a lower bound, raised until a production run clears the target. The figure published is that run's, and the share link is that run. See research/README.md rule 3.",
    "cells_calibrated": 31
  },
  "threshold_selection_note": ""
}
