10 Places to Consider Retiring

Retirement marks a new chapter in life, offering the opportunity to explore new horizons and embrace a life of leisure. Choosing the perfect retirement destination involves considering cost of living, healthcare, climate, and cultural experiences. Join us as we explore the top 10 destinations for retirees around the world.

10. Colombia

Nestled in South America, Colombia boasts a diverse landscape ranging from lush rainforests to pristine beaches. With its affordable cost of living (living comfortably can cost as little as $1,000 per month) and excellent healthcare options, Colombia has emerged as a popular retirement destination. Cities like Medellin, Bogota, and Cartagena offer modern amenities and a vibrant cultural scene, making it an attractive choice for retirees seeking adventure and relaxation.

9. France

Renowned for its picturesque landscapes, rich history, and delectable cuisine, France is Europe's top gourmet destination and a surprisingly affordable place to retire. While cities like Paris still boast a high cost of living, areas like Dordogne offer retirees low housing costs (34% less than in the U.S.) and access to France's high-quality healthcare system. While living expenses may be higher than other destinations on our list, France offers retirees a truly luxurious lifestyle amidst stunning scenery and world-class amenities. The Bay of Angels on the French Riviera in Nice, France.

8. Malaysia

Malaysia has become a sought-after retirement destination with its tropical climate, diverse culture, and affordable living costs. Retirees can enjoy modern comforts and some of the best street food in the world in cities like Kuala Lumpur or embrace tranquil island living in Langkawi or Penang. Malaysia's healthcare system is also highly regarded, offering quality medical care at a fraction of the cost compared to other countries. Fishing village on Langkawi island, Malaysia.

7. Greece

Brimming with ancient history, breathtaking landscapes, and Mediterranean charm, Greece offers retirees a laid-back lifestyle and cost of living that varies between 30% and 50% lower than the United States. Coastal towns like Crete offer stunning vistas, delicious cuisine, and a relaxed pace of life. Despite economic challenges, Greece remains an affordable destination with a decent healthcare system and a welcoming local community. Chania, the second-largest city on the Greek island of Crete.

6. Ecuador

Nestled in the heart of South America, Ecuador boasts a diverse landscape ranging from the Amazon rainforest to the Andes Mountains. Retirees are drawn to cities like Cotacachi, Quito, and Cuenca for their mild climate, low cost of living, and vibrant expat community. Ecuador's healthcare system is also top-notch, providing high-quality medical care at affordable prices, making it an ideal destination for retirees on a budget. Cuicocha Lake, located in Cotacachi, Ecuador.

5. Spain

Spain offers retirees a Mediterranean paradise from the vibrant streets of Barcelona to the sun-kissed beaches of the Costa del Sol. With its warm climate, rich culture, and affordable living costs, Spain has long been a favorite retirement destination. Retirees can indulge in world-class cuisine, explore historic landmarks, and enjoy excellent healthcare services in this vibrant and welcoming country. Porte de Soller in Palma Mallorca, Spain.

4. Panama

Tucked between North and South America, Panama offers retirees a tropical haven with a modern twist. Cities like Panama City boast a cosmopolitan atmosphere, while beach towns like Bocas del Toro offer laid-back island living. Panama's Pensionado visa makes the move easy and provides numerous benefits for retirees, including discounts on healthcare, entertainment, and transportation, making it an attractive destination for retirees looking to stretch their retirement dollars. A view of the Panama City skyline.

3. Mexico

With its stunning beaches, rich cultural heritage, and warm hospitality, Mexico has long been a favorite retirement destination for North Americans. Cities like Puerto Vallarta, San Miguel de Allende, and Playa del Carmen offer retirees a blend of modern amenities and traditional charm. Mexico's affordable cost of living, excellent healthcare options, and vibrant expat communities make it a top choice for retirees seeking adventure and relaxation. Playa Del Carmen on the coast of Quintana Roo, Mexico.

2. Portugal

Perched on the edge of Europe, Portugal entices retirees with its Old-World charm, stunning coastline, and affordable living costs. Cities like Lisbon and Porto offer retirees a rich tapestry of culture, history, and culinary delights. Portugal's mild climate, high-quality healthcare system, and welcoming locals make it an ideal destination for retirees looking to embrace the good life amidst breathtaking scenery. A sunset over the Douro River in Porto, Portugal.

1. Costa Rica

Topping the list of best places to retire is Costa Rica, a tropical paradise renowned for its biodiversity, natural beauty, and laid-back lifestyle. With its stable democracy, excellent healthcare system, and welcoming expat community, Costa Rica offers retirees a tranquil haven to enjoy retirement to the fullest. Whether exploring lush rainforests, relaxing on pristine beaches, or embracing outdoor adventures, Costa Rica embodies retirement bliss. A beach outside of Puerto Viejo, Costa Rica.

Whether seeking adventure, relaxation, or cultural immersion, these popular retirement destinations offer a unique blend of world-class experiences, low costs of living, and high-quality healthcare systems, making them the perfect destination to kick back and enjoy retirement.

Reference: Best Places to Retire in 2024: The Annual Global Retirement Index