20 Countries Where You Can Retire Comfortably on $150,000
In 2019, American retirees are collecting average monthly Social Security payments of 1461 dollars for a mere seventeen thousand five hundred thirty two dollars for the year. That’s, hardly enough to afford a decent life in America, particularly when seniors are facing out-of-pocket health care costs of more than $ 13,000 per year.
But what if he didn’t retire in the US? The fact is that health care, housing and daily expenses cost significantly less in several other countries where you can enjoy a good standard of living, stay tuned to see a countdown of our picks for the cheapest and safest countries for retiring outside the US.
These are places where even $ 150,000 or less in retirement savings would be enough to live comfortably
20. Czech Republic.
The Czech Republic is known for its old-world castles, medieval towns, beautiful architecture and frosty local bears, thanks to its low cost of living and growing expat population.
The country is an increasingly popular retirement destination, given the influx of people more shopping, businesses and services are opening up and Czech cities. Everyday apartments are cheaper in Prague than in other European capitals.
Those foreigners are often shut out from rent-controlled apartments and must pay more. A real estate agent can simplify apartment hunting at a cost of one month’s. Rent the high-quality health care system is inexpensive.
You’ll need to be covered by either public or private health insurance from a Czech health insurance company registered with the Czech National Bank, the Czech Republic, doesn’t, offer a specific retirement visa to stay for longer than 90 days.
You’ll need to apply for a long-term visa which can be issued for up to a year. This visa asks that you have an official active purpose for your stay. According to experts that move to Prague relocation service, American retirees can apply as self-employed individuals intending to work in Prague or for the purpose of study, especially language classes.
After one year, you can apply under the same purpose for a one-year long term residency permit. After five years of legally residing in Czech Republic, you can apply for permanent residency
The landlocked South American nation of Bolivia has been luring expats for years, with its lovely weather, unique geographical features and extremely low cost of living. If exploring mountains, salt flats, charming colonial towns and bustling cities sounds like a good time, then you might just enjoy retiring in Bolivia.
Public health care in Bolivia is still under development, so you’ll, find better care and private clinics. Health insurance can help cover the costs. Expanse can lead a comfortable life for around $ 1,000 a month in affordable tarita.
Many foreign retirees also have happily visited and settled in Santa Cruz in La Paz. Knowing Spanish will help you fit in if you want to retire in Bolivia, you’ll need to enter the country with a specific purpose visa, which requires you to submit a letter stating your intentions and including proof of your economic situation and the police Record check, which you’ll, probably want to check the place out before you make the leap to visit.
You’ll need to get a tourist visa from the Bolivian consulate.
Belize has been growing in popularity with international retirees. Thanks to its Caribbean, vibes, beautiful nature, preserves and beaches an affordable, slower pace of life.
It’s. An english-speaking nation. Spanish is the second most widely used language. Popular expand destinations include plush and ship and insula a 19 mile swath of land bordered by white sands and blue waves and the island of Ambergris Caye.
These are among the most expensive areas of Belize, but you can still find rents as low as $ 700. A month you will want to stay away from border towns, isolated regions and Belize City as criminal activity is much higher in these areas in Belize, most hospitals are not well equipped to deal with serious health concerns.
Health care in Mexico, Nicaragua and Costa Rica is significantly better by comparison. Reports expand exchange. If you’re in good health or you just want to move to Belize for a few years, then you can become a resident of the country fairly easily.
After staying in the country for the required 50 weeks, you can apply for residency once you can prove you will be able to transfer $ 24,000 each year into a Belize bank account the application costs.
One thousand dollars note that officials prefer to see your income stream coming from a combination of social security benefits, a pension plan or a 401k or IRA
Culture rich. Vietnam, is quickly becoming a popular retirement destinations for North Americans and with its French colonial architecture.
Endless natural pursuits and amazing street food. What’s, not to love particularly affordable, expat friendly destinations include the beach town na ho Trang in the bustling city of Da Nang, where around $ 1,000 can cover your living costs.
For a month there’s, a growing expat community in na ho trained and expanding services catering to Westerners and locals alike Da Nang is modern, international and welcoming, and it’s. Lovely weather will allow you to enjoy the city’s, parks, beach and riverfront, year-round in Vietnam, cities and tourist centres.
English is becoming more commonly spoken, and the government has put more emphasis on English classes in schools, but you will need some knowledge of Vietnamese to communicate in smaller towns and rural areas.
Vietnamese healthcare is good for basic needs, but the country doesn’t, scored high for specialized care or surgeries. Vietnam, doesn’t have a retirement visa, but US citizens can get a 1-year multiple-entry visa that will have to be renewed. It requires that you leave the country once every 90 days
For years, Ecuador has come out on top as one of the most popular retirement destinations for US expense and the majority of foreign retirees in the country are Americans with its pristine natural surroundings, busy cities charming historical towns and low cost of living there’S something for everyone.
In Ecuador, in the capital city cuido, you’ll, spend about four hundred forty dollars a month to rent a one-bedroom apartment in the middle of town in the quaint and friendly town of cuenca. The same thing will cost you about three hundred sixty dollars a month.
Reports living costs website number visitors can stay for only 90 days, so retirees should consider applying for the pensioner residency visa at an Ecuadorian consulate in the US. The visa requires proof that you will be receiving 800 dollars or more per month from a recognized pension source, says International Living magazine.
Once the visa is approved, you’ll have to sign up for public or private health insurance, Ecuador’s. Political forecast is looking quite sunny these days. Citizens voted in early 2018 to reinstate presidential term limits setting the country apart for more troubled nations in the region, such as Venezuela
Ireland settled here and you’ll, find the people welcoming the culture and castles stunning and the nearby travel options in the UK and Europe inspiring Plus Ireland can be very affordable, while housing prices in major cities like Dublin, have hit all-time highs.
There are still plenty of perfect places for a lower cost and low key retirement on the Emerald Isle in communities, including moe. He’ll attend and Vala more homes are selling for around 100 thousand dollars.
Hospitals in Ireland are generally very. We’ll appointed and the level of care is highly rated. Since you’re, not a citizen of the European Union, you will need health insurance to cover your healthcare costs.
Unlike some other countries on this list, Ireland does not have a retirement visa option if you are not in European Union national, so you’d need to apply for a DV, so that would allow you to stay for three months.
Next, you’d, need to apply for permission to remain as a person of independent means and show clear proof that you have sufficient resources to cover your expenses in Ireland. That can mean annual income of fifty thousand euros 56,000 dollars per person, plus savings to cover emergencies in large expenses such as buying a home or car
Chile is known for its beautiful beaches, majestic mountains, busy cities and warm and welcoming people as one of the most stable countries in South America. Chile offers the chance to enjoy a safe, comfortable middle-class lifestyle for a fraction of the cost of retiring in the US.
For about $ 1,000, a month you’d, be able to cover housing and basic costs just about anywhere in the country, spend a little more and you can eat how can travel the land to your heart’s content, if you want To enter Chile with the intent to retire there, you’ll, need a regular tourist visa and then apply to change it to a retirement or income visa.
Those are good for one year after your temporary visa is approved. You’ll need to stay in Chile for 180 days out of the year to be able to apply for permanent residency. There is no official minimum income requirement, but the Spencer global law firm in Chile estimates you need at least $ 1,000 per person for the first one or two years as you complete the visa process and set up your home in Chile
Uruguay, is one Of the most affluent countries in south america and has a strong democratic government, modern infrastructure, white sand, beaches and temperate for season weather, the cost of living is higher than in other Latin American nations.
Yet food housing and clothing are still far cheaper than in the u.s.. In salto, the second largest city in Uruguay, you can spend $ 800 a month and live comfortably. Uruguay is most popular. Healthcare option is called a mutualistic.
It costs around $ 100 a month offers access to a private hospital and clinics and covers just about any healthcare need you’ll have Uruguay, has several visas that might work for retirees. The first is the rent is to visa, which requires proof of monthly income of one thousand five hundred dollars for a single applicant.
There’s, also a foreign retiree visa that allows a duty-free import of your personal items, but this V is harder to come by and you’d need a lawyer to help you apply it’s worth noting that, while Obtaining residency in Uruguay is simple enough.
The country generally does not want to give out citizenship to foreigners.
France, isn’t the first destination you’d, think of for a chief retirement, but several of its smaller towns are known for their affordable housing.
The city of PAL, which sits near the Spanish border, has mild winters and summers and a one-bedroom apartment in the centre of town rents for around five hundred thirty one dollars a month. A good dinner for two costs about fifty three dollars.
According to number, the lovely Mediterranean University town of Montpellier also is very reasonably priced. Renting a one-bedroom flat will cost between $ 500 and $ 700. Both Howe and Montpellier have great health care and hospitals.
France, doesn’t, have a special visa for retirees, so you’d, have to apply for a long-term visa at a French consulate in the u.s. reports International Living. The consulate will want to see that you can finance your trip and that you have health insurance that works in France, Social Security’s, statements, bank account, information and investments all can help demonstrate your financial situation.
The long-term visa can be renewed the early and you’d, have to submit current financial information and renewal
Your retirement checks will definitely go further in tropical Thailand. You can live comfortably anywhere in the country on $ 1,500 to $ 2,000 a month, including rent.
The affordable city of Chiang Mai is full of modern amenities, like health clubs, shopping malls and high quality, yet inexpensive health care, beautiful and some soak island haven, Koh Samui. Also offers an economical cost of living, even busy Bangkok, is affordable and has some of the best private hospitals in the country, Thailand’s, political climate is quite stable and there is an active police presence, especially in big cities and tourist centers.
Thailand offers a one-year retirement visa that can be extended, expat retirees must have savings and any income totaling at least 800,000 Thai Baht, currently about $ 24,000. You’d, also need to report to the Thai immigration authorities every 90 days.
if you’re among the many people who have fallen in love with Italy,’s, regional cultures, mouth-watering, cuisines and fantastic climate, then you’ll, be happy to hear that retiring here is cheaper than you think in The southern region of Basilicata, you could buy a modest home in one of the smaller villages for around 32,000 dollars in the charming historical town of matera.
You can ran a one-bedroom apartment for around six hundred twenty-five dollars a month in the eastern publication, renowned for its sunny beaches and fresh seafood. The cost of living is even lower. Italy, doesn’t, have a retirement visa program, so your best bet is to apply for an elective residency visa.
You’d, need to provide proof of your yearly income from a pension, 401k or other liquid assets. The minimum is currently about $ 35,000 for one person in between $ 40,000 and $ 70,000 for two people, plus you’d, need to show proof of a rental agreement and medical insurance.
Once your resident of Italy, you qualify for the national healthcare system, which is ranked second in the world by the World Health Organization. Costs vary by region, but a person might easily pay under $ 400 a year
Adventure seekers already know that Peru offers the amazing machupicchu beautiful beaches and fascinating ancient cultures. For retirees the cost of living is a big draw. A couple can get along very comfortably on $ 1,500, a month says international living around popular expand destinations such as Erik Weber in Cusco, a one-bedroom apartment rents for around $ 200 a month and a nicer three-course meal for two costs between $ 10 and $ 12 Public healthcare is pretty affordable too, but expense prefer to have health insurance and use private health clinics.
The main health concern for newcomers is altitude sickness in Peru’s. High elevations the country offers an infinitely renewable retirement. Visa called the rent is to visa. To qualify, you’d, have to demonstrate that you have a permanent monthly income of one thousand dollars for one person plus $ 500 per dependent.
Anyone holding the rent is to visa is exempt from paying the taxes owed with other Peruvian visas, which is pretty great.
Slovenian has been gaining a reputation as a beautiful and affordable retirement destination in eastern europe.
In this sidon gem, you’ll, find lovely historical villages, a livable four-season climate and a range of outdoor pursuits, renting a one-bedroom apartment in the modern capital city of general Jena costs about $ 600 a month.
Nombreux says, and local food and staples also are reasonably priced. All residents must pay for compulsory state health insurance, which provides access to very adequate health care. Expats and residents often add on private local health insurance for additional services.
Slovenia, doesn’t, have a retirement visa for non citizens of the European Union citizens. So you’d. Have to start your retirement plant by applying for a one-year temporary residence permit before you leave the US.
The permit must be renewed. Every year after five years of living in Slovenia, with this visa, you could apply for permanent residency to apply for temporary residency. You’d, have to show you have an income at least equal to the basic minimal income in Slovenia, which is currently equivalent to about $ 1,000 per month.
Europeans have long seen Spain as a warm and sunny retirement haven, and it remains one of the most popular cities on the continent for expats with low food costs. Natural beauty and practically no intro to speak of Spain, makes a great base for retirees hungry to travel around Europe via where the housing costs vary hugely across Spain in major tourist centres like Barcelona, rents are comparable to those in the US in smaller towns.
Like Valencia, a one-bedroom apartment goes for about six hundred thirty dollars a month to apply for a retirement visa. In Spain, it’s, important to nail down proof that you have an income of at least $ 2,500 per month or $ 30,000 per year.
You would also need to show that you have health insurance that works in Spain. It might take a few appointments to obtain your foreign visitor number, the NIE necessary for everything from opening a bank account to installing internet in your home.
But after that bureaucratic nonsense. The rest is gravy
Portugal has been winning travellers, hearts and more people are deciding to move there. Every year, the nation offers a lower cost of living, the next-door Spain Sun for more than 300 days a year and all the historical castles and fresh seafood you could want, plus it’s fairly, stable, politically renting an apartment in a smaller town.
Is your best bet for an affordable retirement? Portuguese public health care has gotten a bit under the weather recently, so private health care is strongly preferred by international residents to apply for a residence permit as a retiree.
First, you’d, need to go to a four traveese consulate in the US and bring a valid passport proof of income and health insurance and show you’ve undergone a criminal background check. All of this would allow you to apply for permanent residency after you live and Portugal.
Income requirements are not specified for either temporary or permanent resident applicants, but you must have sufficient income to sustain you for the length of time you intend to stay in your chosen region in Portugal.
Ever-popular Malaysia has plenty to offer retirees from warm weather to affordable food and entertainment and many english-speaking services. Just brace yourself for Malaysia’s monsoon season.
During the winter months, Kuala Lumpur offers lower cost living than in the US cities, a one-bedroom apartment rents for less than $ 600 a month. If the island lifestyle beckons check out colorful pening, where a one-bedroom will cost you just $ 225 a month on average, malaysia has a two-tiered internationally recognized health care system, and you’ll, find the best care at private clinics when she offers a 10-year Visa that is renewable to those who are 50 or older and can prove a monthly income of at least two thousand four hundred ninety five dollars or liquid assets of around eighty seven thousand three hundred dollars says international living Malaysia is generally quite safe, but petty theft Is common interest centers and home break-ins may happen when houses are empty? The State Department advises Americans to avoid the eastern saw the region due to violent activity and kidnappings for ransom.
Malta is a temperate and cultured country with a lower cost of living than other Mediterranean locales in the European Union. The island is rich in history and natural beauty, making things easier for North American retirees.
English is one of Malta’s. Official languages, the nation’s. Health care system is in the top five globally. According to the World Health Organization in the northern island of Gozo, rents typically cost under $ 500 per month, and there’s plenty of Beach to keep you occupied a ferry to Maltese.
Larger main island takes only 20 minutes. Malta’s. Residency permit programs live up to the country’s, reputation for being open and peaceful. The country offers several visa options for non European Union residents, including infinitely renewable one-year visas for pensioners and self-employed people who wish to live and work in Malta.
Noted for its high quality of life, laissez-faire tax laws and great health care. Panama has been popular with retirees and investors for many years. Living here comes with all the glorious sunshine, culture and natural beauty.
You could want to fill your retirement years. Spanish is the first language, but English is widely spoken, especially in big cities. The capital Panama City is surprisingly affordable, a 1-bedroom in the city center rents for less than $ 1,000 a month.
Internet costs about 52 dollars a month and a nice dinner for two at mid-range restaurant is about fifty dollars, says number Panama’s. Retirement program called the visa Pension. Auto is very attractive.
You’d, need to provide proof of a lifetime retirement income of $ 1,000 a month from a recognized source in the US. If you’ll be getting less than $ 1,000, but more than $ 750, then you can buy a property in Panama for at least $ 100,000 and your lifetime monthly pension requirement will be reduced to $ 750.
This visa entitles you to a wide range of discounts on medical care, including dental and vision, travel, utility costs, loans and much more. There is no minimum or maximum age to qualify for the visa Mexico.
Mexico is another top retirement destination, particularly its Yucatan Peninsula, considered to be the safest area for international retirees. The Yucatan is home to white sand beaches, fantastic wildlife and the legendary mine complex edge.
You can it’s. A plus you’ll, see plenty of familiar businesses from Starbucks to Petco and Walmart around town, a centrally located one-bedroom apartment rents for around $ 250 a month in the town of Morita in the Yucatan, because Mexico is so close to the US.
Many retirees keep their medical insurance from home and pay out of pocket for occasional medical needs recommended that potential residents apply for a temporary resident permit, which allows free movement in and out of Mexico.
For up to four years after that, you’d need to apply for a permanent resident visa. Temporary resident applicants need to show they had monthly income of approximately one thousand five hundred and fifty dollars over the past six months, from pensions, investments etc.
Ve had savings of about twenty five thousand eight hundred eighty dollars over the past year. Permanent resident applicants need to show proof of at least two thousand three hundred eighty eight dollars in monthly income over the previous six months or savings of one hundred three thousand five hundred dollars during the preceding year.
1. Costa Rica.
Reports, international living one Costa Rica, our top pick among the world’s. Affordable retirement spots is Costa Rica, with its famed pura vida, lifestyle, safety and stability and fantastic travel opportunities.
Costa Rica’s. Pacific coastline, known as the southern zone, is very popular with North American expats, offering sunny beach living near the region’s. Amazing biodiversity, southern towns, like Dominical mojo Vida, have lots of amenities, including restaurants, markets and public and private medical clinics.
Keep residency under the pension auto program for retirees you’d, have to show proof of at least $ 1,000 in monthly income from a recognized source like Social Security or a state retirement fund. Note that IRAs and 401ks are not recognized here.
You would also have to pay a percentage of your monthly income into the public healthcare system, most expense off for higher quality, private health care for an additional cost. Costa Rica is stable thanks to its influx of tourism dollars and the living is quite safe.
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