Dreaming of retiring abroad? The 2025 Global Retirement Index reveals the top destinations where your money stretches further, and where quality of life, culture, and adventure come together.
From sunny Spain to tropical Thailand, here’s the ultimate list of retirement havens you’ll want to pack your bags for.
A retirement paradise at the top
Panama takes the crown for 2025, and for good reason.
With its modern infrastructure, warm tropical climate, affordable healthcare, and famous Pensionado visa, Panama has everything retirees could ask for.
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A monthly income of just $1,000 qualifies you for permanent residency, plus huge discounts on everything from medical appointments to restaurant meals.
In Panama City, a furnished apartment with pool and ocean views can be found for around $1,000 a month.
Add in its low taxes and international community, and it’s clear why Panama tops the list.
Europe’s shining star
Portugal has become one of Europe’s most beloved retirement destinations.
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Its stunning coastline, affordable living costs, and relaxed pace of life attract retirees from all over the world. Couples can live comfortably on $2,500–$3,000 per month.
The country offers both public and private healthcare, excellent food and wine, rich cultural traditions, and a famously welcoming atmosphere.
From Lisbon’s historic streets to the Algarve’s golden beaches, Portugal delivers on all fronts.
Tropical climate
Costa Rica embodies the pura vida lifestyle, simple, joyful, and close to nature.
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This Central American gem boasts lush rainforests, beautiful beaches, and an extraordinary level of biodiversity.
Many retirees settle in the Central Valley for its mild climate and lower costs, where a couple can live comfortably on around $2,000 a month.
Both public and private healthcare are strong, and residency requirements are straightforward.
For those seeking balance between adventure and peace, Costa Rica is a clear winner.
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Affordable and vibrant
Proximity to the U.S. and Canada, coupled with low costs and a vibrant culture, make Mexico a top choice for North American retirees.
A beachfront apartment can be rented for as little as $500, and delicious meals cost just a few dollars.
High-quality medical care is available at a fraction of U.S. prices, while the lifestyle options are endless, from colonial mountain towns to tropical Pacific beaches.
The joy of life
France offers retirees a mix of romance, gastronomy, and outstanding healthcare. Doctor visits cost as little as €25, with 70 % reimbursed through the national system.
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A couple with a monthly income of $2,000 (excluding rent) can live comfortably in many regions outside Paris.
Charming villages, stunning countryside, and a deep cultural heritage make France an irresistible choice for those who value quality of life.
Sunshine, safety, and world-class healthcare
Spain combines affordability with one of the best healthcare systems in the world. Apartments in cities like Madrid or Barcelona can be found for under €900 per month.
With an average budget of around $2,200, retirees can enjoy good food, vibrant social life, sunny days, and cultural richness.
Spain also ranks high in personal safety, adding to its appeal as a retirement destination.
Southeast Asia’s hidden gem
Malaysia offers retirees a fascinating mix of tropical landscapes, modern amenities, and incredibly low costs.
In Kuala Lumpur, modern apartments rent for under $500, while street food meals can cost less than $3.
English-speaking doctors provide top-tier care, and the country is well-known for medical tourism.
With its balance of affordability and quality, Malaysia is one of Asia’s most attractive retirement options.
History, islands, and community
For those drawn to history, the Mediterranean lifestyle, and picturesque islands, Greece is a perfect fit.
Apartments on islands like Corfu rent for €400–€600, and dining out averages just €15 per person.
Public healthcare is accessible and affordable, with private consultations around €30.
Greece offers retirees a strong sense of community, stunning sea views, and a relaxed pace of life.
Culture, romance, and tax breaks
Italy remains one of Europe’s most romantic retirement choices.
Outside major tourist areas, property prices are surprisingly low with homes available for €130,000 or less.
Italy also offers attractive tax incentives: new retirees in southern regions can enjoy a flat tax rate of just 7% for up to ten years.
With its legendary cuisine, art, and warm hospitality, Italy promises a rich and fulfilling retirement.
Tropical living on a budget
Thailand is a perennial favorite for those seeking exotic living at a fraction of Western prices.
In Bangkok, you can live well for around $600 per month, while seaside living in Jomtien costs even less.
Food is fresh, healthy, and cheap, while healthcare is world-class and attracts international patients.
With friendly locals, easy visa options, and a laid-back tropical lifestyle, Thailand continues to charm retirees from across the globe.
This article is based on information from Internationalliving.com.