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5 Best Places for Retirement around the World

5 Best Places for Retirement around the World

No matter if you’re close to retirement or just dreaming of the day that’s still far away in the future, it’s not a bad idea to consider where you’ll spend your hard-earned rest. Luckily, you don’t have to look wide and hard. Here’s a list of the best countries in the world expats to retire and live a comfortable and healthy life. 


This small European country has something for every type of retiree: vibrant cities, Old World charm, sandy beaches, green hills, amazing healthcare, low cost of living and high safety. For many, the best part of living in Portugal is the people who are friendly and warm. Also, residents are taught English in schools, so many Portuguese speak English, which means you can have an easy retirement. When it comes to finances, a couple can live comfortably in Portugal for $2,500 per month, and if your budget is $3,000 or more, you can choose any location and live a lavish life. 


This country has been a go-to retirement location for residents of North America for more than 50 years. With more than 1 million Americans and 500,000 Canadians living there full-time or part-time, Mexico is one of the most popular expat destinations for people to retire. The expat community is welcoming, and you will find many clubs, activities, events and other things to take part in. The distinct culture of Mexico is alive and well, though, so you can expect to witness song, dance and celebration everywhere and soak up that live and let live attitude. When it comes to costs, it’s possible to spend under $2,000 per month per couple, and have a life that requires no scrimping. How’s Mexico so affordable? Well, it has low-cost real estate, affordable food, cheap transportation, quality yet low-cost healthcare and often free entertainment. 


If the budget is not something that concerns you, Australia might be the perfect place to retire for many people. Even though the cost of living is a little more expensive, the quality of living in Australia is exquisite—amazing healthcare, stable political situation, happy people, pleasant climate and beautiful nature can put everyone in a good mood. Just because it’s not cheap, it doesn’t mean you can’t dream about owning property in Australia. Actually, in some places, the median property price is an affordable $300,000 for a 2 bedroom home! On the other hand, if you require aged care, you can find various affordable nursing homes in Gippsland, Victoria with all necessary communal facilities, amenities and activities for the residents for a fraction of the cost. Many of these are located near shops, cafes, markets, churches and parks, so you can live your best life in Oz.


Expats who come to this Asian gem can expect not only beautiful landscape and rich culture but also the low cost of living with a bunch of necessary and unnecessary amenities. Malaysia also has hundreds of islands you can visit and a variety of cuisines you can try, making this a paradise for travelers and foodies. Consumer prices, rent included, are almost 50% lower than in Europe or the U.S., so you can expect to be able to rent a one-bedroom apartment for as low as $400 a month. 

Costa Rica

This country is so rich in every way that it stands in its name. Costa Rica or “Rich Coast” has natural beauties without compare, pleasant climate, low cost of living, welcoming locals, affordable healthcare, plenty of real estate options—it’s no wonder it attracts millions of visitors and expats every year. Also, this republic is famous for its safety, neutrality and peaceful nature (nicknamed the Switzerland of Central America), but it’s very passionate about the environment thanks to a quarter of its land being protected as national parks and wildlife refuges. The healthcare system has many hospitals, public and private ones, and even more regional clinics, so no matter where you settle, you’ll have access to medical care. When it comes to the cost of living, a retired couple can live comfortably for about $2,000 a month, together with renting a two-bedroom home with western amenities, air conditioning, groceries, entertainment, transportation and healthcare. With a monthly budget between $2,500 and $3,000, you can enjoy every comfort you require.

Now that you have all the information you need to choose a perfect retirement location, you’re probably even more thrilled to make that important step. At these destinations, you won’t meet your final days—your life will only begin!

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