It’s getting tougher and tougher to retire in the United States. Between the high cost of healthcare and overall inflation, seniors are poorer than ever before.
The good news is that there are plenty of bargains to be had abroad. Consider these spots in paradise where you can live for as little as $623/month.
Durrës, Albania
Estimated monthly expenses: $992
You can easily move to Albania, where Americans can spend their first year visa-free. Albania is ranked in the top 50% of countries for safety and healthcare.
Burgas, Bulgaria
Estimated monthly expenses: $623
You can get a retirement visa in Bulgaria if you have about $800/month in retirement income. Bulgaria is ranked in the top 50% of countries for safety and healthcare.
Nicoya, Costa Rica
Estimated monthly expenses: $1,347
Nicoya is a small inland town in Costa Rica and also the name of the peninsula it’s on, where you can find dozens of beautiful beaches. It’s in the famed blue zone, where people live the longest.
You can get a retirement visa in Costa Rica if you have $1,000/month in retirement income. Costa Rica is ranked in the top 50% of countries for safety and healthcare.
Lombok, Indonesia
Estimated monthly expenses: $1,363
Lombok is the name of a city in Indonesia and the island it’s on. The island is a peaceful alternative to nearby Bali. You can get a retirement visa in Indonesia if you have about $1,500/month in retirement income.
Penang, Malaysia
Estimated monthly expenses: $741
You can get a retirement visa in Malaysia if you have about $85,000 in retirement savings and retirement income of $2,300/month. Malaysia is ranked in the top 50% of countries for safety and healthcare.
Grand Baie, Mauritius
Estimated monthly expenses: $1,322
You can get a retirement visa in Mauritius if you have $1,500/month in retirement income. Mauritius is ranked in the top 25% of countries for safety and healthcare.
Coronado, Panama
Estimated monthly expenses: $1,727
You can get a retirement visa in Panama if you have $1,000/month in retirement income or deposit $100,000 into a local investment account. Panama is ranked in the top 50% of countries for safety and healthcare. Retirees on pensionado visas get discounts across the country, and the local currency is the U.S. dollar.
Tavira, Portugal
Estimated monthly expenses: $1,573
You can get a D7 visa in Portugal if you have about $800/month in retirement income. Portugal is ranked in the top 25% of countries for safety and healthcare.
Koper, Slovenia
Estimated monthly expenses: $1,979
You can get a retirement visa in Slovenia if you have about $1,000/month in retirement income. Slovenia is ranked in the top 10% of countries for safety and healthcare.
Málaga, Spain
Estimated monthly expenses: $1,810
You can get a non-lucrative visa in Spain if you have about $2,500/month in retirement income. Spain is ranked in the top 25% of countries for safety and healthcare.
Pattaya City, Thailand
Estimated monthly expenses: $871
You can get a retirement visa in Thailand if you have about $22,000 in savings or $1,800/month in retirement income.
10 Countries Where You Can Retire With $2,000/Month (One Will Make You Say Ooh La La!)
Are you looking forward to retirement? Do you imagine peaceful days spent socializing with family and friends, pursuing hobbies, and catching up on things you put off during a long career with limited time off?
While we all long for those days, you may look at your bank account and bills and wonder if they’ll ever come. If retiring in the U.S. feels unattainable, there are options for moving abroad that may be within your budget.
➤ 10 Countries Where You Can Retire With $2,000/Month
10 Countries Where You Can Retire With Just $150,000 in Savings
The median amount that Gen Xers have saved for retirement is $40,000, with as few as seven years left before reaching the retirement age of 65. The good news is that with a little hard work, you can still find a comfortable retirement abroad.
In these countries, you can fully retire with $150,000 in savings, or even less if you collect social security payments.
➤ 10 Countries Where You Can Retire With Just $150,000 in Savings
Best Places to Retire in the World: 15 Countries for American Retirees
While US citizens have traditionally lagged behind other countries in moving abroad, the trend seems to be shifting. As they reach retirement age, Americans seek to stretch their monthly pension and social security. They want to find affordable countries with high quality medical care that won’t bankrupt them. Retirees want to embrace local culture or find retirement destinations that aren’t so politically divided.
➤ Best Places to Retire in the World: 15 Countries for American Retirees
