Top 10 Best Countries to Retire Abroad & Why

Retirement planning has taken on a new dimension in recent years, with more individuals looking beyond their home countries to enjoy a fulfilling life abroad. According to the Global Retirement Index 2025 by Global Citizen Solutions, retiring overseas is changing based on visa eligibility, accessibility to healthcare, and the overall cost of living. Moreover, digital nomad and retirement visas are gaining popularity by providing flexibility and the ability for individuals to retire in certain countries for long period of time.

Some retirees are also motivated to move abroad for the "cultural exchange," said CFP Jane Mepham, founder of Austin, Texas-based Elgon Financial Advisors, where she specializes in international planning.  "There's a sense of adventure," she said. "People really want to travel."

Additional important factors driving this shift are climate, safety security, language accessibility, and also the strength of expatriate communities. Affordable housing, tax incentives and reliable infrastructure all play an influential role in retirees’ decisions.

"For many people, [living abroad] could be a money-saving option, depending on how they want to live their lives," said CFP Jude Boudreaux, partner and senior financial planner with The Planning Center in New Orleans, who works with several expat clients.

As retirement planning evolves, dual citizenship pathways, passive-income visa programs, and multi-generational inclusion are reshaping the way people approach their later years. This combination of financial predictability, cultural richness, healthcare reliability, and long-term security is making retirement abroad not only viable but highly desirable.

Portugal

Portugal remains one of the best places for retirement. The Algarve coast of Portugal is popular, with its beaches and moderate temperature, also Lisbon and Porto become very popular among international retirees. The cost of living is lower than many other European countries and allows retirees to live comfortably for between US$2,000–2,500/month.

Portugal has an excellent healthcare system and the majority of people widely speak English to make living there uncomplicated. Portugal also offers tax incentives for foreign residents, making it financially appealing. With all the affordability, safety, and natural beauty it provides, Portugal has become Europe’s attractive place for retirement.

 

 

Mauritius

Mauritius is a tropical island nation in the Indian Ocean that is becoming popular for retirees. Famous for its aquamarine waters, verdant scenery, and multicultural society, the island combines breathtaking nature with modern living.

The government provides favorable tax conditions including no inheritance or capital gains tax, which makes it inviting factor for retirees with global assets. Healthcare is reliable, especially in private clinics, and English and French are widely spoken. Its residency programs are straightforward, making it simple for retirees to relocate.

 

 

Panama

Panama is one of the most retiree-friendly countries in the Americas in large part due to its famous Pensionado Program. This program provides substantial discounts on health care, transport, and even entertainment, making daily life affordable.

Retirees can live comfortably on US$2,000–2,500/month, whether they are in Panama City with its modern infrastructure, or more sedate coastal towns. The use of the U.S. dollar simplifies finances, and private healthcare is inexpensive and high quality. Panama’s location is also valuable, providing great access to both North and South America. With thriving expat communities and generous retiree benefits, Panama is compelling and practical choice.

 

 

Spain

Spain offers a vibrant culture combined with a relaxed life, making it one of the Europe’s most attractive places for retirees. The warm Mediterranean climate provides year-round sunshine, especially for those living in Southern Spain regions such as Andalusia and Valencia. The cost of living as compared to the rest of Western Europe is relatively low also Spain is famous for its high-quality healthcare system.

Therefore, retirees can purchase affordable private health insurance in Spain. Lastly, Spain has visa options for non-EU retirees who receive regular income and pension. From vibrant cities to coastal towns with a friendly social culture, Spain offers a good balance of comfort and adventure.

 

 

 

Costa Rica

Costa Rica has earned its reputation as a retiree favorite with its “pura vida” lifestyle. It is one of the most stable and secures countries in Latin America, offering natural beauty and political stability at the same time. Retirees can live well in Costa Rica for around US$1,800–2,200/month, especially in smaller towns outside of the capital.

The Pensionado program allows retirees with modest monthly income to gain residency, making the process straightforward. Costa Rica provides a great healthcare system and is affordable with public and private healthcare options. From lush rainforests to pristine beaches, Costa Rica is a country that promotes wellness, sustainability, and community living.

 

 

 

Italy

Italy providing lifestyle options for retirees that fit in well with art, history andculinaryexcellence. Outside the major cities, housing and cost of living are significantly less expensive, and rural areas provide even more affordable options. Healthcare is incredibly effective, with both highly rated public hospitals and clinics.

The Elective Residence Visa was established specifically for retirees to apply for with demonstrated sufficient income to support the necessary lifestyle in Italy on a regular basis. With its stunning landscapes, cultural richness, and accessible healthcare, Italy appeals to retirees who value both beauty and tradition in daily life.

 

 

 

France

France is the ideal place for retirees. It is an excellent balance of sophistication and a more relaxed pace of living. Paris and the Riviera can be costly, but smaller cities and rural areas are affordable.

Residency programs are available and, once settles, retirees get access to the French public healthcare system. France is focused on food, culture, and leisure; it gives retirees an option of a relaxed and refined lifestyle. It is charming in its ability to mix tradition with contemporary living.

 

 

 

 

 

Slovenia

Slovenia is a lesser-known, however excellent option for retirement in Europe. The country's natural beauty, from the Julian Alps to Lake Bled, and low-cost living, make it attractive. Retirees can live comfortably in Slovenia at a cost of about US$1,800–2,000/month.

Housing costs are lower than in neighboring Italy and Austria. It offers reliable health care and has very high ratings for health care, safety, and environmental quality. Slovenia offers an easy pace of life with a beautiful setting, making it a perfect place for retirees who want peace with modern conveniences.

 

Mexico

 

Mexico remains the most attractive retirement option for North Americans due to its proximity, low cost of living, and friendly culture. Popular destinations, including San Miguel de Allende, Puerto Vallarta, and Mérida, have good expatriate communities. The health care is affordable and high-quality, especially in larger cities with private hospitals. Mexico offers retiree-friendly residency visas, and the cultural friendliness helps new residents integrate quickly. 

 

 

 

 

 

Greece

Greece provides an endless charm, through its islands, coastal towns and lifestyle. With its sunshine, fresh food and relaxed pace of life, retirees have become enamored. Retirees can live very comfortably with southern European living for about US$2,000/month, especially outside Athens or tourist-heavy islands. The healthcare in Greece is affordable and effective, with private options available for those who want more convenience. Greece’s Golden Visa and retirement residency permits allow foreign retirees the possibility of long-term stays. With plenty of history, culture, and natural beauty, Greece has the equally benefits for an enjoyable and enriching retirement experience.

“Retirement planning is not one-size-fits-all. Your income, risk appetite, dependents, and existing commitments shape the right approach for you,” says Vivek Jain, CBO, life insurance, at Policybazaar.com. “Life events — marriage, the birth of a child, or education milestones — will inevitably change how much you can save, invest, or withdraw. That’s why it’s important to revisit your plan regularly and seek expert guidance when necessary,” he adds.

Conclusion

Retirement abroad is no longer just a dream, it has become a lifestyle choice that provides financial benefits, cultural experiences, and a chance for improvement in quality of life. The ten countries described here demonstrate how diverse the options have become for retirees seeking a balanced lifestyle. Every nation has its unique advantages that cater to each retiree's needs. With new visa pathways, lower taxes, and stable health care, retirement has become a sensible way to spend later years with adventure, fiscal security, and a long-term meaningful experience.