Manuel Garrido
Retirement is no longer just about settling down – it’s about embracing a lifestyle that brings comfort, financial security, and new experiences. For many retirees, especially from countries like the United States, moving abroad offers the chance to stretch savings further while enjoying better weather, excellent healthcare quality, and cultural enrichment.
Lower living costs, tax-friendly policies, and retirement visas have made retiring abroad more accessible than ever. At the same time, foreign retirees are seeking safe, welcoming countries that provide quality, affordable healthcare and a strong sense of community.
To help you discover the best places to retire in the world, we’ve used insights from the 2025 Global Retirement Report, which evaluates countries based on affordability, quality of life, and ease of settling in.
Global Retirement Report 2025
To create this list of the best countries to retire, we relied on insights from the Global Retirement Report 2025 by the Global Intelligence Unit. This comprehensive study evaluates 44 programs worldwide using a data-driven approach across six key metrics:
- Procedure: How straightforward is the application process for retirees?
- Citizenship and mobility: Can retirees gain long-term benefits like citizenship or enjoy strong travel freedoms?
- Economics: Affordability of living expenses, property, and lifestyle essentials.
- Taxes: How tax-friendly is the country for retirees?
- Quality of life: Healthcare access, climate, culture, and overall comfort.
- Safety and integration: Security, social stability, and ease of settling into local communities.
The report highlights compelling trends:
- Over 70% of programs deliver above-average scores in quality of life, particularly healthcare, environmental quality, and overall well-being.
- 93% of countries now offer clear paths to citizenship, with nearly all permitting dual citizenship—ensuring retirees can establish new roots without losing their original nationality.
- For financially savvy retirees, 61% of countries provide tailored tax benefits, while 68% keep application costs affordable, making international retirement more accessible than ever.
As Esma Betül Savaş from the Netherlands Interdisciplinary Demographic Institute puts it, “The reasons retirees move abroad often reveal the benefits they expect: better weather, tranquility, culture, financial security, new social connections, and simply a chance to start over.”
Meanwhile, Mike Swigunski, author of Global Career and global mobility expert, adds, “Geo-arbitrage can be the fastest way to retire ten years earlier just by moving abroad. Your quality of life can actually go up while your cost per month goes down.”
These findings confirm that the destinations on our list aren’t just about financial advantages. They offer security, cultural richness, and a lifestyle upgrade that modern retirees increasingly seek.
Discover expert-led rankings of the most retirement-friendly countries with our 2025 Global Retirement Report
Coastal gem with rich culture and year-round sunshineThinking of retiring in Portugal? Explore the Portugal Golden Visa program for a secure residency pathway and long-term benefits.
2. Mauritius
Tropical island paradise with a relaxed pace of life
- Most popular cities for retirees: Grand Baie, Flic-en-Flac, Port Louis, Tamarin.
- Living costs: moderate; €1,800 to €2,700 per month for couples.
- Healthcare quality: good private clinics; public system basic.
- Ease of integration: high; English widely spoken and welcoming to expats.
Mauritius offers retirees a tropical paradise with affordability and comfort. Couples typically spend €1,800 to €2,700 per month. Healthcare includes a public system supplemented by private and international clinics, with private insurance averaging $1,000 to $3,000 annually.<
Mauritius scores high in the Economics Index for its cost-effectiveness and it offers a tax-friendly environment, with no capital gains tax or inheritance tax and a low 15% flat income tax rate, making it highly attractive for retirees managing global assets.
The Mauritius Retirement Permit is a straightforward residency program, requiring only proof of a sustainable monthly retirement income. Combine that with a warm climate, political stability, and welcoming communities, and Mauritius becomes a top retirement choice for those seeking peace and tropical beauty.
3. Spain
Mediterranean-country blending history, beaches, and vibrant cities
- Most popular cities for retirees: Valencia, Alicante, Malaga, Barcelona.
- Living costs: Lower than U.S. average; couples €2,000 to €2,800 per month.
- Healthcare quality: Excellent universal healthcare; private options available.
- Ease of integration: High; strong expat communities and English common in tourist areas.
Spain combines rich culture, Mediterranean climate, and excellent infrastructure, making it a favorite among U.S. retirees. Living costs range from €2,000 to €2,800 per month for a couple, with healthcare among the world’s best.
While Spain’s universal healthcare system is exceptional, retirees typically take private insurance, which costs €50 to €200 per month for Spain Non-Lucrative Visa holders. Spain boasts vibrant cities, charming villages, and world-class cuisine, all supported by robust transport networks.
The Spain Non-Lucrative Visa provides easy entry for retirees with proof of sufficient monthly retirement income. With sunny beaches, thriving expat hubs, and affordable living compared to the U.S., Spain is an unbeatable retirement destination.
4. Uruguay
<Stable South American nation with modern amenities
- Most popular cities for retirees: Montevideo, Punta del Este, Colonia del Sacramento.
- Living costs: Affordable; $1,800 to $2,300 per month for couples.
- Healthcare quality: Reliable public system; good private care.
- Ease of integration: High; English less common but strong expat networks exist.
Known for its political stability and high standard of living, Uruguay is a standout in South America for retirees. Couples can live comfortably for $1,800 to $2,300 a month, enjoying a mild climate and secure environment. Uruguay’s public healthcare system is reliable, and private plans cost around $150 monthly.
Retirees also benefit from Uruguay’s territorial tax system, which often exempts foreign income for an initial period, providing flexibility for those with pensions or investments abroad.
The Pensionado Retirement Visa offers retirees a straightforward path to residency with a low monthly retirement income requirement and family inclusion. Montevideo and Punta del Este are popular for their cultural vibrancy and seaside charm.
For U.S. retirees, Uruguay’s safety, affordability, and tax-friendly policies make it a strong contender for a long-term move.
5. Austria
Alpine country with exceptional safety and healthcare
- Most popular cities for retirees: Vienna, Salzburg, Innsbruck, Graz.
- Living costs: Higher than Southern Europe; €2,500 to €3,500 per month for couples.
- Healthcare quality: Excellent universal healthcare with low co-pays.
- Ease of integration: Moderate to high; English widely spoken in cities.
Austria appeals to retirees who value security, culture, and premium health care quality.
Though living costs are higher (around €2,500 to €3,500 monthly for a couple), Austria’s quality of life and public healthcare system are among the best globally. EU-standard coverage ensures comprehensive care at minimal costs, while private options are also available.
The country’s residency options for financially independent individuals require them to demonstrate financial stability (proof of monthly income) and private health insurance.
With alpine scenery, excellent public transport, and rich cultural traditions, Austria is perfect for retirees who prioritize safety and sophistication.
6. Italy
Mediterranean lifestyle full of rich local culture, art, and cuisine
- Most popular cities for retirees: Rome, Florence, Tuscany, Sicily.
- Living costs: €2,000 to €3,000 per month for couples; lower in rural areas.
- Healthcare quality: Strong universal system; affordable private coverage.
- Ease of integration: High in urban areas; language learning helps in rural regions.
Italy offers retirees the best of Mediterranean living, from historic cities to picturesque countryside. Couples can expect to spend €2,000 to €3,000 monthly. Italy’s universal healthcare is robust, and private insurance plans average €70 to €250 monthly for retirees.
The Italy Elective Residence Visa is designed for non-EU retirees with steady retirement income sources. Retirees love Italy for its world-renowned dishes, art, and relaxed lifestyle.
With diverse regions, affordable rural options, and excellent connectivity to other EU countries, Italy delivers charm and convenience for U.S. expats seeking cultural immersion.
7. Slovenia
Underrated European gem with mountains and historic charm
- Most popular cities for retirees: Ljubljana, Maribor, Lake Bled, Piran.
- Living costs: €1,800 to €2,500 per month for couples.
- Healthcare quality: EU-standard public system; private care widely available.
- Ease of integration: Moderate; English widely spoken in urban centers.
Slovenia, often overlooked, is a hidden gem for retirees seeking affordability and European charm. Couples can live comfortably on €1,800 to €2,500 monthly.
Slovenia boasts a modern healthcare system with affordable private plans (€50 to €150 per month).
Residency is available through a Financially Independent Person Permit, requiring proof of sufficient funds and private health insurance, and the country offers exceptional safety and integration.
With its mountainous landscapes, vibrant capital Ljubljana, and access to Schengen countries, Slovenia suits retirees who want a serene yet connected European experience.
8. Malta
English-speaking island with sunny weather and historic beauty
- Most popular cities for retirees: Valletta, Sliema, St. Julian’s, Gozo.
- Living costs: €2,000 to €2,800 per month; higher in tourist hubs.
- Healthcare quality: High-quality EU healthcare system.
- Ease of integration: Very high; English is an official language.
Malta combines Mediterranean beauty with English-speaking convenience for ease of integration. A couple’s monthly living expenses average €2,000 to €2,800. Malta’s healthcare system is EU-standard, and private plans cost €100 to €200 monthly.
From a financial perspective, Malta is highly appealing thanks to its remittance-based tax system, which means foreign income not remitted to Malta is generally exempt. The absence of inheritance or wealth tax adds to its retirement appeal.
Residency programs, like the Malta Retirement Program, are accessible for retirees with steady monthly income, and tax breaks make Malta financially appealing. Alternatively, those seeking an investment-based route can apply through the Malta Residency by Investment Program, which offers additional benefits for high-net-worth individuals. Expats enjoy year-round sunshine, rich history, and a welcoming community.
With its small size, excellent connectivity, and English as an official language, retiring in Malta is a simple and secure option.
9. Latvia
Baltic country offering affordability and access to Schengen
- Most popular cities for retirees: Riga, Jurmala, Liepaja, Daugavpils.
- Living costs: €1,500 to €2,200 per month for couples.
- Healthcare quality: Functional public system; affordable healthcare in a private capacity.
- Ease of integration: Moderate; English spoken mainly by younger people.
Latvia offers a cost-effective European retirement with living expenses of €1,500 to €2,200 monthly. The country provides competent public healthcare and affordable private healthcare coverage (€30 to €80 monthly).
Latvia’s residency process is streamlined with low monthly income thresholds, making it an attractive EU entry point. Retirees can apply for a Temporary Residence Permit, generally requiring proof of steady annual income and medical insurance. Alternatively, the Latvia Golden Visa provides an investment-based route to residency for those seeking additional flexibility.
Riga, its capital, blends historic charm with modern amenities at a fraction of Western Europe’s cost. For retirees seeking affordability, safety, and Schengen access, moving to Latvia is a smart choice.
10. Chile
South American nation with stunning landscapes and modern living
- Most popular cities for retirees: Santiago, Valparaíso, Viña del Mar, La Serena.
- Living costs: $1,800 to $2,500 per month for couples.
- Healthcare quality: Excellent private healthcare; public system available.
- Ease of integration: High in major cities; limited English outside urban areas.
Chile is one of Latin America’s safest and most developed countries, appealing to retirees with its stable economy and strong infrastructure. Couples spend around $1,800 to $2,500 monthly.
Healthcare is high quality, especially in private hospitals, with insurance averaging $100 to $200 per month.
The country’s retirement visa, known as the Visa de Pensionado, is straightforward, requiring proof of pension or regular income.
With a Mediterranean climate, scenic Andes views, and excellent wine regions, Chile promises retirees both affordability and a high standard of living.
11. Costa Rica
The only Central American country ranked among the best for retirees
- Most popular cities for retirees: San José, Atenas, Tamarindo, Grecia.
- Living costs: $1,800 to $2,500 per month for couples.
- Healthcare quality: Strong public and private healthcare systems.
- Ease of integration: Very high; strong U.S. expat communities.
Costa Rica is the only Central American country featured in the Global Retirement Report’s top rankings, and for good reason. It’s renowned for its natural beauty, political stability, and welcoming atmosphere for retirees.
Couples can live comfortably on $1,800 to $2,500 per month. Healthcare is excellent through both public and private systems, with private insurance averaging $60–$150 monthly.
The Pensionado Visa is among the most affordable in Latin America, requiring only $1,000 per month in guaranteed income.
From lush rainforests to serene beaches, Costa Rica offers a relaxed lifestyle with a strong expat community, especially appealing to U.S. and other foreign retirees seeking safety and sustainability.
12. Greece
Sun-soaked islands, ancient history, and affordable living
- Most popular cities for retirees: Athens, Crete, Rhodes, Thessaloniki.
- Living costs: €1,800 to €2,600 per month for couples.
- Healthcare quality: Improving public system; affordable private healthcare.
- Ease of integration: High in tourist areas; English widely spoken.
Greece is a dream destination for retirees seeking sun-soaked coastlines and cultural heritage. Living costs for couples range from €1,800 to €2,600 monthly. Healthcare includes public options supplemented by private insurance (€50 to €200 monthly).
Greece also introduced a flat tax incentive of 7% on foreign income for 15 years, making it a compelling choice for retirees with overseas pensions.
Foreign retirees moving to Greece typically apply for a Financially Independent Person Visa (also known as the FIP Visa), which requires proof of sufficient funds and private health insurance coverage.
With affordable housing, excellent cuisine, and breathtaking islands, Greece is perfect for retirees prioritizing quality of life at a reasonable cost.
13. Paraguay
One of the most affordable retirement destinations globally
- Most popular cities for retirees: Asunción, Encarnación, Ciudad del Este.
- Living costs: $1,200 to $1,800 per month for couples.
- Healthcare quality: Basic public healthcare; affordable private clinics.
- Ease of integration: Moderate; Spanish proficiency required for ease of living.
Paraguay is one of the most budget-friendly retirement spots, with couples living well on $1,200 to $1,800 monthly. While the public healthcare system is basic, private clinics provide care at low rates (approximately $50 to $100 per month).
The country uses a territorial tax system, so foreign-sourced income is generally not taxed, which is advantageous for retirees drawing pensions from abroad.
The Permanent Residency Program requires proof of $1,500 monthly income or a one-time deposit, making it one of the easiest long-term residency options worldwide.
Known for its friendly locals and relaxed pace, Paraguay is a top pick for foreign retirees seeking relatively low cost of living and easy integration.
14. Cyprus
Mediterranean climate with EU residency benefits and English-friendly culture
- Most popular cities for retirees: Nicosia, Limassol, Larnaca, Paphos.
- Living costs: €2,000 to €2,800 per month for couples.
- Healthcare quality: Strong GESY national healthcare system; good private options.
- Ease of integration: Very high; English widely spoken.
Cyprus blends Mediterranean living with a moderate cost of €2,000 to €2,800 monthly. The GESY national healthcare system offers strong coverage, and private insurance averages €80 to €150 per month.
For retirees seeking tax optimization, Cyprus is especially appealing with its territorial tax system and no wealth, gift, or inheritance taxes, providing long-term financial planning benefits.
English is widely spoken, and residency permits for foreign retirees are straightforward. The Category F Residency Permit is a popular choice, requiring proof of financial means and health coverage. If you’re thinking of going the investment-based route, you can opt for the Cyprus Golden Visa to get faster processing and additional benefits.
With year-round sunshine, stunning beaches, and EU benefits, Cyprus offers both comfort and convenience for retirees seeking a warm climate and safe environment.
15. Seychelles
Remote tropical haven for a peaceful and nature-focused retirement
- Most popular cities for retirees: Victoria, Beau Vallon, Anse Royale.
- Living costs: $2,000 to $2,800 per month for couples.
- Healthcare quality: Limited public care; private insurance recommended.
- Ease of integration: Moderate; smaller expat community but welcoming.
Seychelles is a tropical haven offering a unique island lifestyle for retirees. Monthly costs for a couple are approximately $2,000 to $2,800.
While public healthcare is limited, private insurance is widely used ($150 to $300 per month).
The Gainful Occupation Permit or Retirement Visa allows foreign retirees to stay long-term by showing proof of income and sufficient funds.
Retirees enjoy pristine beaches, a slow pace of life, and a secure environment. For those seeking tranquility and natural beauty, Seychelles is an ideal choice.
Compare Retirement Countries: Costs, Healthcare, and Retirement Visa Options
Country | Approx. Monthly Cost of Living (Couple) | Healthcare Access & Cost | Retirement-Friendly Visa |
Portugal | €1,700 - 2,500 | Public SNS free, private insurance €400 - 1,000 per year | D7 Visa (Passive Income) |
Mauritius | €1,800 - 2,700 | Public basic, private $1,000 - 3,000 per year | Mauritius Retirement Permit |
Spain | €2,000 - 2,800 | Public universal, private €50 - €200 per month | Non-Lucrative Visa |
Uruguay | $1,800 - 2,300 | Public universal, private insurance ~$150 per month | Pensionado Visa |
Austria | €2,500 - 3,500 | Public universal, mandatory insurance included | Settlement Permit (Financially Independent) |
Italy | €2,000 - 3,000 | Public strong, private plans €70 - €250 per month | Elective Residence Visa |
Slovenia | €1,800 - 2,500 | EU-standard, private coverage €50 - €150 per month | Financially Independent Person Permit |
Malta | €2,000 - 2,800 | Public + private, expat insurance €100 - €200 per month | Malta Retirement Program |
Latvia | €1,500 - 2,200 | Public + private, low premiums €30 - €80 per month | Temporary Residence Permit |
Chile | $1,800 - 2,500 | Public good, private plans ~$100 - $200 per month | Retiree Visa (Visa de Pensionado) |
Costa Rica | $1,800 - 2,500 | Universal CCSS, private affordable $60 - $150 per month | Pensionado Visa |
Greece | €1,800 - 2,600 | Public + private, private insurance €50 - €200 per month | Financially Independent Person Visa |
Paraguay | $1,200 - 1,800 | Basic public, private clinics ~$50 - $100 per month | Permanent Residency Program |
Cyprus | €2,000 - 2,800 | GESY national system, private €80 - €150 per month | Category F Residency Permit |
Seychelles | $2,000 - 2,800 | Basic public, private insurance around $150 - $300 per month | Retirement Visa / Gainful Occupation Permit |
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We guide you from start to finish, taking you beyond your citizenship or residency by investment application.
Frequently Asked Questions about the Best Places to Retire
What are the best countries to retire in 2025?
The top destinations for retirees in 2025 include Portugal, Spain, Mauritius, Uruguay, and Austria, according to the Global Retirement Report.
These countries stand out for low cost of living, quality health care, safety, and specially-designed retirement visas.
Which country is the most affordable for retirees?
Paraguay is one of the most affordable countries to retire in 2025, with couples living comfortably on only $1,200 to $1,800 per month.
Other budget-friendly options include Costa Rica, Uruguay, and Latvia.
What is the best European country for retirement?
Portugal is the best European country for retirement in 2025 thanks to its affordable cost of living, excellent healthcare system, and straightforward D7 visa for retirees.
Other top European options include Spain, Malta, and Greece.
Which country offers the easiest retirement visa?
Countries like Portugal (D7 Visa), Costa Rica (Pensionado Visa), and Uruguay (Pensionado Visa) offer some of the easiest retirement visas, requiring proof of steady income and basic documentation.
Is healthcare affordable for retirees abroad?
Yes, healthcare is generally more affordable in top retirement destinations compared to the U.S.
For example, in Portugal, private health insurance costs between €400 and €1,000 annually, while Costa Rica offers quality private coverage for between $60 and $150 per month.
Can U.S. retirees keep Social Security benefits abroad?
Yes, U.S. retirees can receive Social Security payments in most countries. However, it’s important to check for any restrictions or exceptions before relocating.
Do retirees pay taxes if they live abroad?
Tax rules depend on your residency status and the country’s tax treaties with your home country.
Many top retirement destinations, such as Mauritius, offer tax-friendly policies for foreign retirees.
Which country in Central America is best for retirement?
Costa Rica is the best Central American country for retirement and the only one featured in the Global Retirement Report’s top rankings. It combines affordable living, excellent healthcare, and a welcoming expat community.
What should retirees consider before moving abroad?
Retirees should evaluate:
- Cost of living.
- Healthcare quality.
- Visa requirements.
- Tax implications.
- Cultural and language factors.
Are there English-speaking retirement destinations?
Yes. Malta, Cyprus, and Mauritius are English-speaking or have high English proficiency, making them ideal for retirees seeking an easier transition.
