There are many deliberations that come into play for retiring abroad: affordability, quality of life, environment, healthcare options and accessibility, among other things.
So, where do most expats retire?
We picked these expat retirement countries mostly based on Forbes’s 2024 list of the best places to retire abroad, as well as International Living’s latest Annual Global Retirement Index.
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This includes if you are looking for alternatives or a second opinion.
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For their superior healthcare, more affordable living standards, and lively local communities, Costa Rica, Mexico, and Spain usually draw expats. These nations’ hospitable cultures and well-established expat networks often make them top picks for best places for retirees to live.
Noted for its breathtaking beaches, rich jungles, and reasonably priced living standards. It features well-established expat retirement communities and superb healthcare.
Many retirees regard the nation’s laid-back lifestyle, known as pura vida, alluring.
Provides a cheaper cost of living, a pleasant climate, and a wealth of cultural experiences. Spain is especially well-liked by retirees from the United Kingdom and other EU nations.
The nation also has developed expat groups, which facilitates assimilation for foreigners.
A warm temperature, lively communities for expats, and accessibility to the United States make Mexico an excellent destination for retirees. It also offers more affordable living and up-to-date medical services.
Beloved for its stunning scenery, comfortable weather, and amiable residents. Portugal provides excellent healthcare and comparatively affordable living expenses.
The safety of the nation and its proximity to the rest of Europe are major draws too.
Natural beauty, a welcoming population, and government-backed healthcare available after a certain period of residence make it appealing despite its colder climate.
High living standards are available throughout the nation.
Offers good healthcare, an elevated living standard, and a blend of natural and urban beauty.
For retirees, nevertheless, the fact that it is so far away from many nations may be a factor.
Well-known for its retiree benefits scheme, which provides an array of savings opportunities along with a reduced cost of living. It offers first-rate treatment and a welcoming community culture.
A desirable destination for retirees due to its food, way of life, and well-established expat organizations and healthcare system.
Given its low living costs, cultural diversity, and first-class healthcare system, the country is becoming more and more of a popular retirement destination for foreigners.
Moreover, Malaysia offers long-term residence alternatives through its Malaysia My Second Home or MM2H program, which enables retirees to live comfortably and take advantage of a number of privileges. Such perks include tax deductions on foreign income.
Many people consider Swiss to be among the top places to retire, especially those who value a luxurious lifestyle and superior medical treatment. Retirees find the nation enticing because of its beautiful scenery, stable political system, and high level of security.
The high quality of life in the country comes at a cost, though.
For those wanting, first and foremost, to stretch their funds, here are some of the cheapest countries to retire according to GOBankingRates data:
If happiness is a priority, the jurisdictions below are best as per the World Happiness Report 2024:
The ones who seek safety can consider these countries based on the Global Peace Index: