For Americans looking to retire abroad, choosing the right country means balancing affordability, healthcare, visas, and lifestyle. Here’s a curated list of standout destinations:
Spain
Topping Global Citizen Solutions’ 2025 list, Spain offers a temperate climate, a robust culture, and low crime rates. Retirees can expect monthly living expenses around $2,000–$2,500. The Non‑Lucrative Visa permits residency without work eligibility and requires proof of steady income and health insurance.
Portugal
Portugal ranks just behind Spain for its low cost of living, excellent healthcare, and expat-friendly culture. Its D7 Passive Income Visa is accessible for retirees with recurring income or modest investments.
Panama
A long-time favorite, Panama reclaimed the #1 spot on International Living’s 2025 index. It uses the U.S. dollar, has modern infrastructure, affordable healthcare, and a generous Pensionado Visa that offers steep discounts for retirees.
Costa Rica
Known for its “pura vida” lifestyle, Costa Rica combines tropical scenery with high-quality healthcare and a friendly environment. Its retiree program (Pensionado) is straightforward and renewable.
Thailand
Thailand offers low living costs, diverse scenery, and warm weather. Cities like Chiang Mai and Bangkok are popular with retirees, and the Non‑Immigrant O‑A visa for individuals 50+ offers long-term residency.
Ecuador
Ecuador stands out for using the U.S. dollar, affordable healthcare, and natural beauty in cities like Cuenca and Quito. Its Rentista visa is available with a modest pension income.
France & Italy
Europe’s classic retiree havens, France and Italy, offer artful living, stable healthcare, and cultural richness. France benefits from favorable tax treaties on pensions and affordable costs in smaller towns. Italy draws retirees with its relaxed lifestyle and historic settings.
Why They Make the List
These destinations offer financial viability, strong healthcare systems, retiree-friendly visas, and welcoming expat communities. Whether you prefer beach jungles, temperate European towns, or vibrant cultural hubs, there’s an ideal option out there.
Advice for prospective retirees: Visit your chosen country first, research visa and tax implications, explore healthcare access, and consider local housing and community support.