It is fun to look at a globe and wonder what it would be like to retire abroad. This might become a more common practice as one nears retirement age. After all, a small nest egg has the potential to go further and last longer in countries other than America.
That’s why so many nearing retirement consider and study the subject, taking into account factors such as cost of living and other potential amenities (or lack thereof). Then there are those who actually dare to live the dream and walk that happy international plank.
What might you expect from such a big move? So much depends on what you’re looking for. Many prefer a more tropical environment while other retirees put a stronger focus on an affordable healthcare system. Here are the top 7 countries to retire abroad in 2025.
Spain/Portugal
Portugal is a near-consensus first choice for many exploring this topic. Ex patriots note that Portugal is well known for its modest cost of living. The country also boasts a number of friendly tax policies with retired Americans in mind. Ex-pats also embrace the high-quality healthcare system that Portugal is known for. Combine these factors with an active lifestyle and the country’s breathtaking beach settings and it’s easy to see why Portugal is a big hit with Americans who retire abroad.
So, what’s up with Portugal’s Iberian neighbor? What makes Spain one of the best countries to retire abroad? Like Portugal, Spain offers a Mediterranean climate that must be experienced to be believed. Spanish culture also values and genuinely respects its elders. Its citizens enjoy a vibrant lifestyle and excellent healthcare. Some retired Americans note that its “slower pace of life” might be a bit of a culture shock for those who are or were used to the hustle and bustle of state-side life but for most, that’s exactly the point of retirement.
Switzerland
If you’re ok with trading in beautiful Mediterranean beaches for amazing mountain-side vistas, then Switzerland might be the choice for you. Why is Switzerland considered one of the best countries to retire abroad?
Switzerland consistently ranks near the top of the list when it comes to quality of life. Breathing in all that fresh mountain air is likely one of the contributing factors to this ranking. However, one should also consider Switzerland’s robust healthcare system and its incredibly friendly culture. This is reflected in its low crime rate and politically stable government. Switzerland’s central location in Europe also makes it a great home base for travelling around the continent.
Costa Rica
Let’s get tropical. Ex patriots love Costa Rica and for many obvious reasons. To start with, most associate Costa Rica with that of a lush, tropical paradise and they aren’t wrong.
Costa Rica is very affordable and features a universal healthcare system. If you’re up for exploring key features and locations of Central America, you might also appreciate Costa Rica’s immediate proximity to Panama and Nicaragua. If an affordable, laid-back beachside paradise is what you’re looking for then Costa Rica should be high on your retirement checklist.
Panama
It’s no secret among ex-pats moving to Central America. Panama is renowned for its “retirement visa” which comes with a number of impressive benefits and discounts. The ease of entry into this tropical wonderland is a big selling point.
Like its many beautiful neighbors, Panama also features a low cost of living and a thriving ex-pat community. Panama also celebrates a very low crime rate and is considered to be one of the safest countries in Central America. Yes, there can be language barriers but all you need to do is find other patches of relocated Americans and you will feel at home in no time. You can also try your hand at the native tongue.
Mexico
While in the neighborhood, you might be pleased to note that our neighbor to the south also ranks well when Americans choose to retire abroad. To start with, its immediate proximity to home doesn’t hurt. While some might suggest that crime can be an issue in certain parts of the country, ex-pats often cite Mexico’s vibrant culture and affordable living conditions as ideal reasons for making the move.
Mexico also puts a strong focus on helping retirees achieve permanent residency. Many retirees and ex-pats will tell you that when you retire abroad rotating or routinely expiring visas can be a slight hassle. Mexico is keenly aware of the issue and makes an effort to help and accept those who choose to seek a permanent home there.
Thailand
This tropical Asian paradise boasts a very low cost of living. Your retirement money will go a long way in Thailand. Also, if you are looking to escape cold winters and harsh rotating seasons, then you might be pleased to note that Thailand is loved for its often clear weather and year-long warm climate.
As a result, Thailand boasts a strong ex-pat community. Other American retirees love the excellent healthcare system and the relaxed citizenry that embraces its diverse culture.
Malta
Returning to Europe, Malta is a gem for those who choose to retire abroad. If you’re looking for a quiet coastal lifestyle then get thee to Malta. The healthcare system in Malta is highly regarded and features both a public and private system. Ex-pats also love Malta for its low cost of living and 300 plus days of sun every year. As a result, the island boasts a large and growing ex-pat community which provides ample opportunities to network and socialize.
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