Have you reached that point in your life where you are searching for the best countries to retire comfortably? If the answer is yes, then you are here at the right place as we are ready to help you along your journey.
There are great retirement nations in the world that provide you security, a reasonable living cost, decent healthcare, and easy access to recreational opportunities. When people retire – especially Americans, they prefer relocating abroad.
The cost of living, quality of life, and the cultural accessibility of a nation indicate how generally desirable it is to settle down later in life. Before we plunge into the list of best countries for retirement, you should know that the countries are ranked based on the following:
- Public health system
- Crime rate
All of these factors are taken into account to choose where the potentially most beautiful location is for you to retire so you can enjoy your future life in a pleasant and relaxed atmosphere.
Without further ado, let us jump straight into the list:
If you want to retire abroad, you have loads of options to choose from a colder retirement in Iceland to the distant destination of Mexico. And if you are looking for an ideal place to retire somewhere between the great mountains and the perfect beach experience, Spain might be your final destination.
As you might already know, Spain is one of the top tourist destinations in the world. In Spain, you can expect diversity in architecture, food, climate, and many more amazing things that might even want you to consider permanently shifting to Spain and availing the services of one of the best international moving companies to Europe.
Many people choose Spain as their top retirement destination. If you are making more than $25,000 annually, Spain is the best place to retire because it will cost you up to $2000 each month to live in Spain. Also, if your annual income is less than $25,000, there is no need to worry as you can have a decent lifestyle in the smaller cities of Spain instead of opting for the big cities.
Living in the smaller cities of Spain will cost you up to $1500 each month – which is quite affordable in our opinion. With such a low cost, you can live in a fantastic place, enjoying your life not only on the beaches but also in the mountains.
Spain has a lot to offer – everything from its magnificent beaches to its breathtaking mountains, and so much more to enjoy throughout your golden years. If you want to retire to Spain as a non-European citizen, you must first get a visa.
You won’t be permitted to work in this country without a visa – at the time of application, you must demonstrate that you can support yourself and your dependents while living in Spain without working. You can accomplish this by presenting authentic proof of a specific minimum monthly income, including pensions and investment statements.
It is important to mention that before settling for any country or region to retire to, you must conduct a thorough research about the visa application and the requirements needed to enter the country of your choice.
You must also ensure to keep renewing your visa until you get permanent residency, which is typically available after five years.
This Central American nation connects Costa Rica and South America through Columbia. Panama’s beautiful beaches and mild climate have made it a favorite retirement destination for many Americans and people from other nations.
If you are an American, this means that you are more likely to meet some fellow American retirees, and the inflow of American immigration has increased the cost of living in Panama. That said, if you decide to live and retire in Panama, the living cost will vary, but you can generally expect to be spending about $1500 to $3000 each month to live comfortably in this region.
These expenditures also depend on what city you live in Panama, as living in Panama City – the country’s capital may cost you more than living in the smaller cities of the country. Nonetheless, the cost is also impacted by your lifestyle and decisions.
For example, owning an automobile is a cost you can choose to avoid. Besides, living a simpler life is another example of how you may potentially minimize your monthly expenses, such as living in a bigger apartment rather than a house can help you save some money.
Eating out less often is another potential choice you can make to lower your living costs. In Panama, you can expect a lower crime rate, which can also be a reason to make it the best place to live for your retirement.