Looking for the best places in the world to retire? It depends on your lifestyle, budget, and what you value most—affordable living, vibrant culture, great healthcare, or natural beauty. From charming towns in the U.S. to welcoming communities in Latin America and Europe, retirees today have an abundance of smart options at home and abroad.
Table of Contents
- Why Retiring Abroad or at Home Is More Popular Than Ever
- Best Places to Retire: Top Picks in the U.S. and Worldwide
- Affordable Retirement in Latin America
- European Retirement Gems with Charm and Culture
- Asia-Pacific Hotspots for a Healthier Lifestyle
- U.S. Cities That Are Retiree-Friendly
- How to Prepare for Life in a New Retirement Destination
- Final Thoughts: Choosing What Matters Most to You
Why Retiring Abroad or at Home Is More Popular Than Ever
More retirees today are thinking beyond their hometowns. With rising healthcare costs, longer lifespans, and a stronger desire for travel, people are exploring both the best countries to retire abroad and domestic gems that offer a slower pace and better quality of life.
The rise of the Annual Global Retirement Index and growing interest in international living highlight this trend. But for those who prefer to stay closer to home while still enjoying an enriched lifestyle, communities like The Manor Village offer thoughtfully designed retirement living with a focus on wellness, independence, and meaningful connection.
So, how do you actually choose the right retirement destination? Start with your priorities: budget, healthcare, culture, language, weather, and lifestyle. Then match those to locations that meet your needs—whether it’s a beachfront town in Latin America or a supportive retirement community right here in North America.
Best Places to Retire: Top Picks in the U.S. and Worldwide
Affordable Retirement in Latin America
If you are looking for the best places to retire outside the us, Latin America is a go-to region for many retirees, offering a low cost of living, beautiful beaches, and friendly locals. Several countries provide special retirement visa programs to attract newcomers.
1. Costa Rica
Costa Rica stands out for its natural beauty, stable government, and access to high-quality healthcare. The country’s public and private health systems are well-regarded, and the Pensionado Visa facilitates a relatively straightforward transition to residency. Many retirees find they can live comfortably on a budget of $1,500 to $2,000 per month.
English is widely spoken in popular expat regions, and the laid-back “pura vida” lifestyle encourages a slower, more mindful pace of life. From tropical beaches to lush jungles and cooler mountain towns, Costa Rica remains a top destination for those seeking both adventure and a sense of peace.
2. Panama
Panama remains one of the most retiree-friendly countries in Latin America, thanks to its appealing mix of modern amenities and relaxed living. The country offers both the Friendly Nations Visa and the Pensionado Visa, which is especially popular with retirees. With these programs, retirees receive discounts on flights, prescriptions, restaurants, and more.
Panama City offers a cosmopolitan lifestyle with top-tier hospitals and infrastructure, while Boquete provides a quieter mountain setting with a strong expat presence. Whether you’re seeking ocean views or a temperate highland climate, Panama makes it easy to transition into retirement with comfort and cost savings.
3. Mexico
Mexico has long been a favourite for retirees, and for a good reason. Its proximity to the U.S., excellent food, warm climate, and affordable healthcare make it an accessible and welcoming option. Retirees are drawn to charming towns like San Miguel de Allende and Mérida, where colonial architecture meets modern comforts. Health insurance is widely available and significantly cheaper than in the U.S.
Whether you’re interested in a beachfront condo, a colonial city, or a quiet rural retreat, Mexico offers diversity, vibrancy, and an established expat network that makes settling in much easier.
European Retirement Gems with Charm and Culture
Looking for a mix of history, walkable towns, and good wine? Europe has numerous affordable options if you are looking for the best places to retire outside the us.
4. Portugal
Portugal continues to climb the rankings in the Global Retirement Index, and it’s not hard to see why. The cost of living is low, particularly in cities like Coimbra and other areas outside the major urban centers. For those seeking residency, the Golden Visa and D7 visa programs offer clear and attainable pathways.
Retirees enjoy mild weather, excellent public transportation, and a slower pace of life—along with great wine and access to stunning coastlines. Lisbon offers all the perks of a major European capital while maintaining a relaxed vibe and affordability that surpasses other Western European cities.
5. Spain
Spain attracts retirees from around the world thanks to its sunny weather, excellent healthcare, and rich cultural offerings. The country is especially popular among Canadians and Americans, many of whom are drawn to its historic cities and Mediterranean lifestyle.
Spain offers a non-lucrative visa for retirees, allowing them to stay long-term without needing to work. The food scene is globally admired, and whether you’re walking along the beach or enjoying tapas in a lively plaza, the quality of life here is undeniable. With reliable public transit and a healthcare system ranked among the best in Europe, Spain makes retirement living easy and enjoyable.
6. Bulgaria
For retirees interested in Europe without the Western European price tag, Bulgaria offers incredible value. It’s one of the most affordable countries in the EU, both in terms of cost of living and real estate. Southeastern European traditions meet natural beauty here, from mountain trails to thermal spas.
Plovdiv, often noted as one of Europe’s most livable cities, blends history and modern comfort. Bulgaria’s slower pace, welcoming locals, and vibrant cultural calendar make it a hidden gem for those looking to stretch their retirement dollars while still enjoying the charm of Europe.
Asia-Pacific Hotspots for a Healthier Lifestyle
If you are looking for the best place for americans to retire, there are many of the best places to retire outside the us in Asia-Pacific, including Thailand and Malaysia.
7. Thailand
Thailand has earned its reputation as a top retirement destination with its affordable healthcare, friendly locals, and stunning landscapes. The country offers a renewable multiple-entry visa for retirees over 50, making long-term stays feasible.
Cities like Chiang Mai attract retirees with their combination of low prices, slower pace of life, and easy access to nature. Healthcare is excellent and reasonably priced, and the expat community is strong, providing a built-in support network. From beachside villages to mountain retreats, Thailand offers a wide range of lifestyle options to match your vision of retirement.
8. Malaysia
Malaysia is another standout option for retirees in Asia, particularly due to its “Malaysia My Second Home” (MM2H) program. This visa allows long-term residency and access to high-quality, English-speaking healthcare providers. Penang, a favourite among expatriates, is renowned for its excellent medical services, rich cultural heritage, and a unique blend of modern and colonial architecture. The cost of living is low, public transport is efficient, and the culinary scene is one of the best in Asia. Malaysia offers retirees a balance of comfort, affordability, and access to world-class services.
Read more: Top Tour Companies for Unforgettable Travel Experiences
U.S. Cities That Are Retiree-Friendly
Not everyone wants to go far. The best places for americans to retire in the U.S. often offers access to nature, quality care, and community spirit.
9. Asheville, North Carolina
Asheville offers retirees a mix of natural beauty and culture, nestled in the Blue Ridge Mountains. Known for its vibrant arts scene, affordable living, and scenic trails, this city also boasts a mild climate, making it a perfect spot for those who enjoy outdoor activities and community life.
10. Scottsdale, Arizona
Scottsdale is a popular retirement destination with its warm desert climate that supports an active lifestyle. It offers excellent healthcare facilities and numerous golf courses, ideal for retirees. Additionally, Arizona’s low state tax burden makes it a financially attractive place to live.
11. Boise, Idaho
Boise combines a relaxed lifestyle with the benefits of a growing city. Retirees enjoy easy access to outdoor recreation, clean air, and a low cost of living. The welcoming community and natural surroundings make it a top choice for those seeking peace and affordability in their retirement.
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How to Prepare for Life in a New Retirement Destination
Before you pack your bags, you’ll want to do your own research and make sure your dream matches reality.
1. Review Visa Requirements
Some countries require you to demonstrate financial stability with a certain monthly income or savings level. Always verify the most recent visa requirements from official government websites.
2. Factor in Healthcare
Does the country offer public coverage to residents? Do you need private coverage or international health insurance? Places like Thailand and Portugal score high in the global healthcare index.
3. Know the Local Language
While English is common in many expat hubs, learning the local language can help with integration and everyday tasks.
4. Budget for the Long Haul
Calculate your expected retirement savings against the cost of living in your chosen place. Include real estate prices, healthcare, transportation, and lifestyle extras.
Final Thoughts
There’s no one-size-fits-all answer to the best place to retire. The right choice depends on your budget, values, and what you want out of your golden years.
Some may find joy in a vibrant city with cultural events and restaurants, while others may dream of living abroad on a quiet beach with a slower pace. Use this guide as your starting point, but trust your instincts—and your calculator.
