Retirement is a major event for many people, and for many, it involves moving to a new location that offers a comfortable and affordable lifestyle. With so many options available like Retirement in Turkey, choosing the right cheap retirement country can be a daunting task. In this article, we will examine the 10 best cheap retirement countries based on expats’ experiences, affordability, ease of obtaining a retirement visa, and healthcare. All of these cheap retirement countries offer a comfortable and affordable lifestyle, making them ideal choices for retirees looking to enjoy their golden years. All of these countries are included in World Population Review‘s retirement list.
Retirement in Vietnam
Vietnam is an affordable and peaceful cheap retirement country with a great international airport, making it easy to travel to other countries. With a monthly budget of $1,500, two people can easily enjoy their retirement in Vietnam. Most Vietnamese people speak English and are generally friendly, making it an inviting place for expats.
Retirement in France
While not the cheapest country on the list, France offers a wonderful lifestyle for those looking for a change of pace. With slow-paced living, beautiful countrysides, and amazing weather, France is a great place for those looking for a more relaxed lifestyle. With a monthly budget of $2,000 to $2,500, a couple can cover their rent, utilities, and groceries.
Retirement in Spain
Spain is a great option for those looking for western-style living combined with hospitality and different climates. With friendly locals and a warm climate in the south, Spain is a great place for expats. The cost of living in Spain is affordable, with a monthly budget of $2,500 being sufficient for a comfortable life.
Retirement in Malaysia
Malaysia is a beautiful Asian cheap retirement country with white-sand beaches and gorgeous botanical gardens. With a low cost of living and warm weather year-round, Malaysia is a great place for retirees. English is widely spoken, making it easy for expats to get by. With a monthly budget of $1,500, a comfortable life is possible.
Retirement in Ecuador
Ecuador is an affordable cheap retirement country with friendly locals and pleasant weather year-round. With a monthly budget of $1,650 to $1,825, a couple can enjoy a comfortable life in Ecuador. There are plenty of expat enclaves to choose from, making it easy to integrate into the local community.
Retirement in Colombia
Colombia is an undiscovered gem in Latin America with cities like Medellín offering spring-like weather year-round. With a monthly budget of $1,000 to $2,700, a couple can enjoy a dreamy lifestyle in Colombia. The retirement visa policy is also very straightforward, making it easy for retirees to settle down.
Retirement in Mexico
Mexico offers a variety of options for retirees, including busy city life and expat villages. The healthcare system is affordable and the cost of living is lower compared to many first-world countries. With a monthly budget of $1,500 to $3,000, a couple can enjoy a comfortable life in Mexico.
Retirement in Costa Rica
Costa Rica is a great option for retirees looking for a stable economy and government, top-notch healthcare, and beautiful Caribbean beaches. With a monthly budget of $2,000, a couple can enjoy a comfortable life in Costa Rica. The mild weather in urban areas and the proximity to a rainy forest makes it a great place to retire.
Retirement in Panama
Panama is a popular destination for retirees, offering a low cost of living, a stable economy, and a friendly atmosphere. With a monthly budget of $1,500 to $2,500, a couple can enjoy a comfortable life in Panama, making it one of the best cheap retirement countries. The country also offers a variety of activities and a great expat community, making it easy to settle down in this cheap retirement country. Panama offers modern conveniences and a relaxed pace of life, making it a great option for those looking for a change of pace in their retirement. With the ease of obtaining a retirement visa, retirees can start enjoying their golden years in this cheap retirement country without any hassle.
Retirement in Portugal
Portugal offers an ideal combination of cheap cost of living and a friendly atmosphere, making it one of the best cheap retirement countries. Whether you want to live in the city or by the coast, Portugal offers a variety of options that cater to different lifestyles. The cheap cost of living in Portugal, combined with its great healthcare system, which is one of the most important factors for retirees, makes it a top destination for those looking for a cheap retirement country. With a monthly budget of $1,500 to $2,000, a couple can enjoy a comfortable life in Portugal, including rent, utilities, and groceries. This cheap retirement country is a great option for those seeking a relaxed and affordable lifestyle in their retirement years.
Retirement in any of the 10 cheap retirement countries mentioned in this article can offer a comfortable and affordable lifestyle for retirees. From Vietnam to Portugal, each country has its own unique attractions and benefits, making them ideal choices for those looking to enjoy their golden years. Whether you’re looking for a peaceful lifestyle, a change of pace, or a place with top-notch healthcare, there is a cheap retirement country that will meet your needs. With affordable living costs, easy-to-obtain retirement visas, and welcoming communities, these countries are ideal for those looking to enjoy their golden years without breaking the bank.
Amazing post!
Thanks 🙂
Learning a new language during retirement will be fun and I like how detailed the list is with monthly expenditure. However, I’ll prefer to spend my retirement in my country instead of travelling out.
Fascinating stuff 👌
Thank you for your consent! 😊
Wow fantastic retirement destinations. 👌👏👏👏👏
Thank you for your comment neighbor!
These all look appealing, but you don’t mention health care, whether it’s affordable or widely available. A friend’s 72-year-old husband had a heart attack while touring rural south China, and they had to medevac him to Hong Kong for treatment. The cost was probably cheaper than what they would have been charged in the US, but it still drained their bank account. I probably would prefer living in EU countries than in places where there’s a shortage of medical centers where one can access up to date care and treatment.
I’m sorrybto hear about that. I’ll update the post later with their healthcare information.
Thanka for your comment and heloping to improve this post.
My parents looked at a lot of these for retirement. One problem though is usually retirement benefits have a residency requirement like England does or with the US, you have to have a US address. A lot of English people retire to Spain and they were screwed by David Cameron’s rule of residency to receive benefits
I hear you! That’s very unfortunate to force people living somewhere they don’t want when they served the country while being young and energetic!
Right? You should get benefits later in life from whatever government you were a resident of!
Nice list. I have a Spanish friend “almost” millennial who was collecting money to move to Malaysia by when he’s 50. Maybe he was wrong and the right move is to stay at home 🙂
It’ s a way of looking at retirement as long vacations…
Exactly! Lol!
Thank you for your comment! 😊