In the United States, seniors are increasingly finding innovative and creative ways to enjoy retirement on their own terms. This has led to an exodus of senior US expats to move abroad, in search of a better life and affordable cost of living. Countries are catching on quickly, with many nations attracting US retirees with enticing retirement plans. As more Americans move, many are searching for the top 10 countries to retire abroad in 2020.
This article looks at what the top 10 countries for Americans to retire in 2020 are, as well as examining ways US expats can take a leap forward and embrace a peaceful and equally exciting life abroad.
Top 10 countries to retire abroad: an overview
According to a study released by International Living in January 2020, Americans are moving abroad to pursue healthier and happier lives, spend less money, and maximize their retirement goals that they wouldn’t ordinarily achieve in their home country. An extensive survey was conducted, where a pool of US expats ranked the top countries to retire in. As such, a list of the top 10 countries for Americans to retire abroad was born.
American retirees living overseas ranked their experience across ten categories:
- Benefits and low-cost perks
- Visas and residence ease
- Cost of living
- Cultural assimilation and entertainment
- Quality and accessibility of healthcare
- Government stability
- Opportunity to semi-retire
Each category scored up to 100 points, with sub-categories enabling expats to rank each country better. For example, the housing category looks at the value of real estate, cost of rehabilitation, property taxes, and money loans. Each country then gets an overall score out of 100. All countries on the list were selected before the spread of COVID-19.
Starting from the top, here are the top 10 countries to retire in the world.