We're making a good point till you mentioned 700k the figure for Spain is less than 30k
Thanks, yes realise that. It was more of a throwaway remark, rather than a figure to be taken as needing that much. But you need more for other countries, a lot more.
Was making the point that those with buckets of cash won't have their plans to retire to the sun affected, and they assume that others down the pay scale won't be affected. Those who could still fund themselves abroad, but fall just below an arbitrary income requirement will have their retirement plans in ruins.