6 Best Destinations to Retire Abroad

Retirement often offers a chance to explore new adventures and for many, that means moving abroad. 

Whether you're seeking a lower cost of living, a new culture, or simply a change of scenery, many countries could offer the lifestyle you want. As you plan your next steps, it's also important to consider how these options fit into your broader financial planning goals. 

Let's take a look at six of the best destinations to consider for retirement.¹

1. Portugal

Thanks to its affordable cost of living and high quality of life, Portugal is a popular choice for retirees. The country's mild climate, beautiful coastline and charming towns make it an attractive destination for those seeking a peaceful yet fulfilling lifestyle. 

Portugal also offers favorable residency options for retirees, making it easier to settle in. Whether you prefer city life or a quieter village atmosphere, Portugal provides a variety of experiences for retirees.

2. Panama

Panama stands out for its affordability and friendly expat community. The country offers a mix of modern amenities and natural beauty, making it an appealing option for retirees. 

With various benefits for retirees, including discounts on healthcare and everyday expenses, Panama is a practical choice for those looking to make their retirement savings stretch further. The country's warm climate and proximity to the U.S. are bonuses.

3. Mexico 

Mexico has long been a popular destination for retirees, offering diverse cities and regions to explore. The cost of living is generally lower than in the U.S. and the country's rich culture, warm weather and proximity to home make it a convenient choice. 

Whether you're interested in beach towns, colonial cities, or vibrant urban centers, Mexico has something to offer. 

Healthcare is also highly regarded and affordable, in certain areas with top-notch equipment and medical professionals.

4. France

France appeals to retirees who dream of experiencing Europe's rich culture and history. While major cities like Paris can be expensive, many rural areas and smaller towns provide a more affordable way to enjoy the French lifestyle. 

The country's high-end healthcare system and beautiful landscapes also make it a great option if you're seeking a European retirement.

5. Italy

Italy is a dream destination for retirees who want to enjoy rich history, art, a gorgeous coastline and delicious cuisine in their retirement years. 

While some areas are more expensive, many parts of Italy provide a more affordable option for those looking to retire abroad. The country offers a slower pace of life, with opportunities to explore everything from stunning countryside to vibrant cultural centers. 

Another selling point is Italy's public healthcare system which is also considered good though there are private options for those who prefer. 

6. Thailand  

Thailand is known for its tropical beauty and affordable cost of living, making it a favorite for retirees. Whether you prefer city living or a beachside retreat, Thailand offers a variety of options. 

The country also has a good private and public healthcare system that's accessible and reasonably priced, which is really important when planning for your retirement abroad. 

Thailand's unique and vast entertainment options range from cultural experiences like exploring ancient temples and visiting local markets to going to malls and restaurants.

There Are Plenty of Options When it Comes to Retiring Abroad

Retiring abroad could open up a world of possibilities, offering new experiences and adventures in places that may better suit your lifestyle and financial situation. 

From the affordability of Latin America to the charm of Europe and the exotic beauty of Asia, there's a destination out there for every retiree. Just be sure to incorporate retirement planning into your decision-making process to ensure your finances align with the destination you choose. 

Source: 

¹ https://bestretirementcities.org/best-places-to-retire-in-the-world/