Retirement is a time to enjoy life’s simple pleasures and create a new chapter in your personal story. Choosing the right place to live is an important decision, with factors such as cost of living, climate and cultural accessibility playing vital roles in your decision.
The good news is that the world is full of tempting destinations for retirement. A few of the top locations include Australia, which offers beautiful beaches, thriving cities and a comfortable living environment.
Another popular destination for retirees is Portugal, which features a charming old-world culture and affordable property prices. It is also home to spectacular natural beauty and a world-class health care system. It is estimated that a couple could comfortably live in the country on less than $1,500 a month.
Ecuador is another Latin American country that has seen an increase in popularity with UK expats in recent years, according to a report from Natixis. It is renowned for its stunning nature reserves, friendly locals and world-class healthcare system. In fact, the country is so well-regarded that it placed third on International Living’s 2023 Annual Global Retirement Index. Expatriates can expect to find a low cost of living, easy access to the US dollar and the ability to work legally as pensioners.
If you’re planning to relocate overseas for your retirement, you should consider the benefits and disadvantages of each potential location. You’ll want to ensure that your lifestyle is compatible with the local culture and that you can find a community of like-minded individuals. You’ll also need to consider the weather, as many retirees prefer to live in warm climates.
When you choose the best place to retire in the world, it’s important to make sure that your financial circumstances are stable and that you can afford the lifestyle you desire. In addition, you’ll need to ensure that the country has a solid healthcare system and that your loved ones can visit you.
Whether you’re interested in a luxurious beachfront condo in Mexico or an inexpensive villa in Cambodia, there are plenty of options for retirement in the world’s most desirable places. To help you narrow down your search, we’ve rounded up the most appealing locations below.
Italy
The country that is renowned for its delicious cuisine and rich history makes the list for its high quality of living, beautiful landscapes, cosmopolitan cities and prosperous economy. It also has a pleasant climate that allows for outdoor activities and a slower pace of life. Best place to retire in the world