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What you need to know !
A Thai retirement visa will allow you to stay in Thailand for a period of 1 year (12 months), and it can be renewed annually. There are no limitations on the amount of times you can renew a Thai retirement visa as long as you continue to meet all the visa requirements.
This visa can be applied for as a single or multiple entry visa.
THAILAND PROVIDES VISA'S BY PROPERTY INVESTMENT
A Thai retirement visa is available for foreign nationals over 50 years of age who wish to retire in Thailand. This visa can be applied for in Thailand or while overseas, at a Royal Thai Embassy or Royal Thai Consulate. When applied for within Thailand it is officially known as a Non-Immigrant O-Long Stay Visa. When applied for outside of Thailand it is known as a Non-Immigrant OA-Long Stay Visa.
Requirements
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To apply for this visa you must be 50 years of age or older.
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You must meet at least one of the following:
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Have at least 800,000 Thai baht in a Thai Bank account which is in your name. This money must have been cleared in the account at least 2 months prior to making your application.
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Or, have a monthly income or pension of at least 65,000 Thai baht.
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Or, have an annual income, pension, and money in a Thai bank, which come to a combined total of at least 800,000 Thai Baht.
Important: A Thai retirement visa does not allow you to work in Thailand.