Top 27 best countries to retire for American expats

The cost of living is the main concern of American retirees. On average, a couple needs around $2,300 per month without rent. Retirees can move to a country with a similar quality of life but a lower cost of living, such as Slovenia, Portugal, and Japan.

Healthcare costs. The US doesn’t have free healthcare, and medical procedures are generally expensive. Retirees move to countries with free healthcare services for residents and lower costs of treatment in private clinics. For example, EU countries offer free or low-cost healthcare services for residents.

Safety issues. The USA ranks 88th out of 142 countries in the Numbeo Safety Index, making it less safe than many other nations.

New experiences. Retirement is the perfect time for exploring new cultures and gaining new experiences. Many pensioners also value a calm and slow lifestyle, which is not always possible in the USA.

The majority of Americans choose to move to Europe, as it is the most developed and stable part of the world besides North America.

One of the main advantages that unites most European countries below is access to healthcare across the EU. Residents of EU countries obtain a European Health Insurance Card that covers many medical procedures in government clinics and hospitals.

The list of the best countries for retirement includes:

• Norway,

• Switzerland,

• Iceland,

• Ireland,

• Luxembourg,

• the Netherlands,

• Australia,

• New Zealand,

• Germany,

• Denmark,

• Austria,

• Canada,

• Finland,

• Sweden,

• Slovenia,

• the United Kingdom,

• Israel,

• the Czech Republic,

• Belgium,

• South Korea,

• France,

• Japan,

• Estonia,

• Singapore,

• Cyprus,

• Malta,

• Portugal.

Some of these countries have residency by investment programs that allow wealthy Americans to get a residence permit in a foreign country in several months and live there for the validity period of the document.

Portugal is a small country in southern Europe that is both beautiful and affordable. The general cost of living is almost 40% lower than in the US, and a single person needs only $730 per month, excluding housing.

Another advantage is the safety of the country, as Portugal ranks 7th in the Global Peace Index, being one of the safest countries in the world. The Portuguese value a relaxed and laid-back lifestyle, allowing American retirees to enjoy life without rush.

Portugal is also a place with a rich history and outstanding landscapes, which make it a great place for relaxation and exploration.

The climate in Portugal is Mediterranean. Winters have average temperatures of 50—55°F, and summers are mild due to refreshing breezes from the Mediterranean Sea.

Wealthy retirees can move to Portugal by obtaining the Portugal D7 visa, also known as the Passive Income Visa. This visa is ideal for retirees with a stable passive income, such as pensions, that allows them to live comfortably in Portugal.

To get the D7 visa, US citizens should buy or rent residential properties in Portugal. They also need to prove a passive income of at least €820, or $907 per month.

US citizens can also participate in the Portugal Golden Visa program, which allows one to obtain a residence permit by investment. The requirement is to contribute at least €250,000, roughly $276,000, to the country’s economy.

Malta is a small Mediterranean country located between Italy and the North Coast of Africa. It is known for its rich history, cultural heritage, pleasant climate, and friendly locals. The clean environment and proximity to the sea are also beneficial for health.

Maltese residents have access to both Maltese and Schengen clinics, with medical costs significantly lower than in the United States.

Living in Malta is generally more affordable than in the US. A couple would need around $1,700 per month, excluding rent, which is 20% lower than in the US.

English is an official language in Malta, so Americans face no language barriers when communicating with locals or handling administrative matters.

Malta offers a permanent residence by investment program. To participate, individuals must contribute to the country’s economy and either buy or rent real estate.

Investment requirements are as follows:

• an administration fee — €40,000;

• a contribution fee — €58,000 for those who rent real estate and €28,000 for those who buy it;

• a charitable donation — €2,000.

Investors also confirm that they have assets of at least €500,000, where €150,000 are liquid financial assets.

Requirements for investment in real estate depend on whether you rent or buy it and where the property is located.

Minimum rental prices are:

• €10,000+ per annum — for property in the south of Malta or on the island of Gozo;

• €12,000+ per annum — for property in northern or central Malta.

Minimum purchasing prices:

• €300,000 — for property in southern Malta and on the island of Gozo;

• €350,000 — for property in northern or central Malta.

Malta permanent residence by investment is granted for life and can be obtained within at least 6 months.

Cyprus is an island in the eastern Mediterranean Sea. Geographically, it is located in West Asia, but culturally and geopolitically, it belongs to Southeast Europe. Despite its small size, Cyprus has a stable economy and has been included in the IMF list of developed economies since 2001.

The cost of living in Cyprus is lower than in the US. A single person would need $930 per month, compared to $1,200 in the US to maintain the same lifestyle. The most significant difference lies in rental prices: property rental in Cyprus is 40% more affordable than in the United States.

While the official languages in Cyprus are Greek and Turkish, most of the population speaks English. Many services, including government offices, legal services, and businesses, provide information and assistance in English.

Cyprus has a pleasant climate, with the warm season lasting for 8 months. It is also a very sunny place, with beaches and mountains in close proximity.

One of the main advantages of Cyprus is its permanent residence by investment program. Participants obtain permanent residency within 9+ months for an investment of at least €300,000, roughly $320,000 with all the fees. This status is granted for life.

Singapore is a small island country in Asia, located south of Malaysia. It is renowned for its modern infrastructure, with well-developed transportation and efficient public services that contribute to a convenient and comfortable lifestyle.

Singapore’s healthcare system is considered the best in the world due to its modern medical facilities and well-trained medical professionals. The country is also a hub for medical tourism.

Singapore’s low crime rates and strict enforcement of laws provide retirees with a safe and secure environment. Singapore ranks 5th in the Global Peace Index. The country’s strict laws also contribute to its cleanliness, well-maintained public spaces, and efficient waste management.

English is one of Singapore’s official languages, making it easy for US retirees to communicate and navigate daily life. Singapore has a multicultural environment, providing a blend of diverse cultures, languages, and cuisines.

Estonia is a Baltic country located on the coast of the Baltic Sea. It is known for its advanced digital infrastructure, offering convenient online services for various aspects of daily life — from banking to government transactions.

Estonia consistently ranks well in terms of quality of life, landing in 16th place in Numbeo’s Quality of Life Index. Estonia also has relatively low crime rates, making it a safe place to live.

Compared to the US, Estonia is more affordable. Residents need around $910 a month per person, significantly less than in the US, Switzerland, Singapore, or Iceland.

Estonia is rich both in terms of nature and architecture. There are picturesque landscapes, including forests, lakes, and a coastline along the Baltic Sea, as well as historic old towns and castles that can be interesting to explore.

Japan has one of the highest life expectancies in the world, thanks to its high-quality healthcare system, advanced medical technology, and access to skilled medical professionals. It ranks second in healthcare, according to Statista.

Traditional Japanese cuisine, which emphasizes fresh seafood, vegetables, and lean protein, is associated with numerous health benefits. Japan’s culture also encourages physical activity and mindfulness.

In the ranking of the most peaceful countries, Japan ranks 17th, and it is in the top 15 countries for quality of life.

Despite its many advantages, the cost of living in Japan is lower than in the US. A couple needs around $1,700 for a month without rent in Japan, compared to $2,300 in the US. Rental prices in Japan are also 68% lower than in the US.

Japan has a rich culture that may seem exotic for Americans, with heritage including traditional arts, festivals, cuisine, and customs. Retirees can immerse themselves in the beauty of tea ceremonies, ikebana, calligraphy, and more.

France, located in Western Europe south of Germany, is renowned for its rich history, sophisticated cuisine, and iconic landmarks such as Notre Dame de Paris, the Louvre Museum, and the Eiffel Tower.

France consistently ranks high for quality of life, offering excellent healthcare, public services, and social support. It has the 7th strongest economy globally and is among the top 20 countries with the best healthcare systems.

The country is well-positioned for travel, with easy access to Belgium, Germany, and Spain. However, many French people prefer to explore their own country, which offers diverse opportunities for travel and discovery.

The climate in France varies greatly. The north is rainy and cool, even in summer, while the south is sunny and warm. US retirees can choose the region with the weather that best suits their preferences.

The cost of living in France is lower than in the US. For instance, American retirees can save up to 50% on rent.

French permanent residence or citizenship can be obtained after 5 years of living in the country.

South Korea, located in Asia on the southern half of the Korean Peninsula, is known for its technological advancements, modern infrastructure, and efficient public transportation. Despite its modernity, the country also boasts a rich heritage and many historical sites.

One of the greatest advantages of South Korea is its high-quality healthcare services with well-trained medical professionals and state-of-the-art medical facilities. It ranks third in the healthcare index by Statista. The country is also known for its wellness culture, offering traditional and modern spa treatments and wellness practices.

South Koreans value social connections and community, making it easier for retirees to integrate and develop relationships with locals. Asian traditions emphasize respect for the elderly, which can enhance the social experience for retirees.

The general cost of living is not much lower than in the US. However, South Korean residents pay 60% less for renting housing compared to US residents.

Belgium is a Western European country bordering France, Germany, and the Netherlands. It has three official languages: Dutch, French, and German, and is known for its multicultural environment. This diversity can enrich retirees' cultural experiences and interactions.

The country boasts charming historic cities like Brussels, Bruges, Ghent, and Antwerp, each with unique architecture, cultural attractions, and a vibrant atmosphere. The country is home to numerous historical landmarks, cathedrals, castles, and UNESCO World Heritage sites.

Belgium is a green country with a large number of well-maintained parks and green spaces, providing areas for relaxation and outdoor activities.

The country’s location in Europe makes it a convenient starting point for exploring neighboring countries, allowing retirees to embark on various travel adventures. For example, it takes less than 4 hours by car to go from Brussels to Paris.

The cost of living in Belgium is lower than in the US. The largest difference is in rental prices, which are two times lower than in the US.

Wealthy Americans can obtain residency by investment by participating in the Belgium Investor Visa program.

The Czech Republic, located in Western Europe, shares borders with Germany, Austria, Slovakia, and Poland. It is renowned for its stunning architecture and rich history, making it one of the most beautiful countries in Europe and the world.

Due to its central location, residents of the Czech Republic can easily access other European countries. For example, it takes around 4.5 hours to travel from Prague to Berlin by bus and even less by car.

The cost of living in the Czech Republic is significantly lower than in the US. This particularly applies to rental prices, which are almost 60% lower than in the United States.

The Czech Republic is a safe country, ranking 12th in safety. It is also included in the top 20 for happiness and environmental cleanliness.

After living in the country with a residence permit for 10 years, retirees can apply for Czech citizenship by naturalization.

Israel boasts one of the best healthcare systems in the world, ranking 6th in medical services. The country is known for its modern medical facilities and highly trained professionals, with many hospitals equipped with advanced technology. Israel is also a global center for medical tourism due to the quality and affordability of its healthcare services.

Israel is considered the 5th happiest country in the world, with low crime rates, a warm climate, and a well-developed healthcare system contributing to this ranking.

Located in the Middle East, Israel is surrounded by Egypt, Lebanon, and Jordan. It is also close to other Middle Eastern and some South European countries, making it easy for residents to travel and explore cultures that can be very different from the US one.

The country has a unique history and offers numerous ancient sites, religious landmarks, and archaeological wonders. Retirees with an interest in history and spirituality can explore iconic places like Jerusalem, Bethlehem, and Nazareth. In addition to its historical significance, Israel offers diverse natural landscapes.

US retirees moving to Israel can save significantly, as rental prices are 40% lower than in the United States.

The UK is one of the most prominent countries in Europe. It has the 6th strongest economy globally and a sustainable approach to the environment.

One of the main advantages is that English is an official language, which eliminates language barriers for retirees from English-speaking countries.

The United Kingdom is also known for its historical landmarks, museums, theaters, and cultural institutions. Retirees can enjoy a wealth of artistic and cultural experiences. There is also a diverse range of landscapes, from bustling cities like London to picturesque countryside, coastal areas, and national parks.

The UK’s National Health Service (NHS) provides free or low-cost healthcare services to residents, including retirees, which can be a significant benefit.

Slovenia is a small country in Western Europe, renowned for its stunning landscapes, which include Lake Bled, the Julian Alps, lush forests, and Adriatic coastline. Retirees can enjoy a variety of outdoor activities, such as hiking, cycling, and water sports.

Slovenia is known for its safety and low crime rates: it ranks 9th in the Global Peace Index 2024, which means US retirees will have a peaceful and secure environment to enjoy their retirement years.

Despite its small size, Slovenia has a rich cultural heritage, with historic towns, charming villages, and castles. The capital city, Ljubljana, is known for its old town and cultural attractions. Slovenia’s compact size makes it easy to explore, and its central location in Europe allows for convenient travel to neighboring countries.

Slovenia offers a relatively lower cost of living compared to the US and other Western European countries. For example, renting a one-bedroom apartment in the city center costs around $760 on average. In the US, the price for a similar apartment is $1,800.

Sweden, located between Norway and Finland, is a Scandinavian country known for its strong and stable economy, ensuring a high standard of living. The country consistently ranks in the top 15 globally for quality of life.

Sweden ranks in the top 10 for human freedom, healthcare quality, and cleanliness. The Swedish people are the 4th happiest nation in the world, reflecting the country’s high standard of living.

The country’s landscapes, including forests, lakes, archipelagos, and the Northern Lights in the far north, offer stunning visual experiences and opportunities for relaxation. Swedish cities also offer a range of cultural activities, including museums, theaters, and festivals.

The Swedes focus on wellness, outdoor activities such as hiking or fishing, and healthy living, which contribute to an active and fulfilling retirement.

Many Swedes speak English at a high level, making it easier for retirees to integrate into society.

Finland, a Scandinavian country located east of Sweden, is renowned as one of the greenest countries in Europe. It offers stunning landscapes with numerous forests, lakes, rivers, and hills. Even its cities are full of greenery, blending harmoniously with the surrounding nature.

Due to its rich nature, Finland is perfect for those who enjoy hiking and other outdoor activities. Finns value an active lifestyle and often spend time outside their homes. In the northern parts of the country, retirees can witness the mesmerizing Northern Lights during winter.

Finnish people have been ranked as the happiest in the world for several years in a row due to the country’s high quality of life, great safety, stable economy, and general freedom.

While the official language is Finnish, many locals speak English at a high level, making it easier for retirees to communicate and integrate.

Finnish citizenship is granted to individuals who have lived in the country for 4 years with a residence permit and 2 years with permanent residency.

Canada, a large country in the northern part of the North American continent, is known for its vast national parks, breathtaking nature, and friendly and polite people.

Canada often ranks high in various ratings, including having the 10th strongest economy globally. It ranks 11th in the Global Peace Index and 13th for personal freedom.

One of the main benefits of Canada is its proximity to the United States, making travel between the two countries easy.

As Canada and the US share language, values, customs, and cultural similarities, retirees can feel more integrated and understood.

Living in Canada can be more beneficial than in the US. Depending on the exchange rate, US retirees might find the Canadian dollar favorable, potentially stretching their retirement savings further.

Canadian citizenship can be obtained by investment of at least CAD 1,200,000, roughly $890,000, in Quebec. A Canadian passport is granted after three to five years following the investment.

Entrepreneurs wishing to retire in Canada can obtain permanent residency through the Canada Start-Up Visa granted to foreigners launching innovative businesses in the country. The minimum required investment is $250,000. To qualify, applicants must create a business plan and get support from a Canadian incubator or venture fund. Permanent residency is valid for life and entitles holders for Canadian citizenship after 3 years.

Austria is a German-speaking country in Central Europe. It is included in many ratings of the best countries: for example, it is the 5th most peaceful country in the world and the 8th most sustainable one. Regarding the quality of life, it is also in the top‑10.

Public transportation systems, including trains and buses, make it easy to travel within the country and explore neighboring regions. As the country is located in the center of Europe, people can travel to other countries in just a few hours by bus or car.

Austria boasts breathtaking landscapes, including the Alps, picturesque lakes, and charming villages. It is also rich in history and culture, with iconic cities like Vienna, Salzburg, and Innsbruck offering museums, historical sites, theaters, and music festivals. The country is especially known for its musical heritage, with famous composers like Mozart and Strauss.

The climate in Austria is moderate and almost doesn’t change across the country. However, summers in the south of the country can feel similar to those in the Mediterranean.

Retirees can obtain an Austrian residence permit if they have a stable income outside the country and buy or rent real estate. The applications are submitted at the beginning of each year — the earlier the better.

Denmark is located on the Jutland Peninsula and numerous islands, bordering Sweden and Germany.

In 2024, Denmark ranked 10th in the Environmental Performance Index (EPI) as one of the cleanest and most sustainable countries in the world. In the same ranking, the US landed in 34th place.

Denmark is also one of the safest countries globally, with a low crime rate, minimal terrorist activity, and a stable political environment. These factors contribute to the general happiness of the Danish people, making them the 2nd happiest nation in the world.

The country has one of the highest standards of living, ranking 3rd in Numbeo’s quality of life index. Denmark is also rich in history and culture, featuring both architectural and natural wonders.

Danish people emphasize well-being and a healthy lifestyle. Retirees can benefit from clean air, outdoor spaces, and a focus on physical activity. Denmark is also famous for its bike-friendly cities, further promoting an active lifestyle.

Germany, a Western European country, boasts the strongest economy in Europe and a high quality of life. It ranks among the top 20 globally for safety and security, human freedom, healthcare, cleanliness, and sustainability.

There are numerous regions in Germany, each with its own character, allowing Americans to choose the best place to settle.

Berlin is a center of art and modern lifestyle, Munich is known for its architecture and preservation of traditional German culture, and Hamburg is the main German port city. These cities are ideal for those who want to immerse themselves in the heart of German life.

For retirees seeking a more relaxed lifestyle, smaller towns like Bamberg, Würzburg, and Tübingen offer a peaceful atmosphere.

Germany’s central location in Europe allows for easy access to other European countries. For example, it takes six hours by bus to travel from Munich to Vienna or from Berlin to Warsaw.

Americans can obtain German citizenship if they have lived in the country for at least 8 years.

New Zealand is a small island nation near the Australian coastline. It offers easy access to Australia, which can be an outstanding experience for those who have already explored Europe, Asia, and Latin America.

The country is famous for its breathtaking landscapes, including mountains, forests, beaches, lakes, fjords, and geothermal areas. The climate is moderate with mild temperatures year-round, ensuring comfortable living conditions without freezing winters or scorching summers.

Besides nature, New Zealand is known for its clean air, low pollution levels, and safety. It consistently ranks as one of the safest countries in the world, providing retirees with a peaceful and secure environment.

As for the locals, New Zealanders are known for their warm hospitality and friendliness, making visitors feel welcome. The country also ranks among the top 15 happiest nations globally.

New Zealand is a major exporter of agricultural products, particularly dairy products and lamb, which allows residents to enjoy fresh food at lower prices.

Apart from other advantages, New Zealand, like Australia, is an English-speaking country, so US retirees will not face language barriers.

It is possible to obtain a New Zealand residence permit by investment under the Active Investor Visa program.

Australia, a large country in the Southern Hemisphere, is an English-speaking nation, making it a comfortable destination for American retirees.

The country is rich in terms of nature and wildlife. There are beaches, deserts, and rainforests that offer numerous opportunities for exploration. Outdoor activities are popular, with surfing being a year-round favorite.

The country enjoys warm, sunny weather with no freezing winters and minimal rain, making it ideal for retirees who love warmth and sunshine.

Australia has a stable economy and well-regulated financial systems, contributing to a secure environment for retirees. It ranks among the top 15 for human freedom, top 10 for happiness, and top 25 for environmental cleanliness.

The country’s government launched an Australia Business Innovation and Investment Visa program for investors and business people.

The Netherlands, located in Western Europe, is known for its cultural heritage, stable economy, and strong cycling culture.

The Netherlands ranks 2nd globally for quality of life. Dutch people value a healthy and eco-friendly lifestyle, with cycling being a common mode of transportation. This reduces pollution compared to the US, and the country ranks 12th in the 2024 Environmental Performance Index.

The convenient location of the country allows residents to easily visit many European countries. It typically takes no more than a day to reach any country by bus or just a few hours by plane. This means American retirees can also benefit from traveling around Europe.

Many Dutch people are multilingual, with a high proficiency in English, making it easy for expatriates to communicate. The Dutch are open and friendly, ranking among the top 10 happiest nations in the world.

Luxembourg is a tiny country in Europe, surrounded by Belgium, France, and Germany. The country’s location makes it convenient for traveling to neighboring countries and exploring the continent.

Luxembourg has the highest quality of life according to Numbeo. It also ranks 2nd in cleanliness and sustainability and 8th in happiness.

The country is mostly rural, offering a tranquil and peaceful lifestyle. However, Luxembourg also boasts numerous historic sites, museums, galleries, and theaters, appealing to retirees who appreciate culture.

Wealthy pensioners can obtain a Luxembourg residence permit by investing at least €500,000, roughly $550,000.

Ireland, a European island country next to the United Kingdom, is famous for its picturesque landscapes, including lush green countryside, dramatic cliffs, serene lakes, and charming villages.

Ireland offers a peaceful and slower pace of life compared to larger countries, making it an attractive option for those seeking a more relaxed retirement. The country provides numerous opportunities for outdoor activities like hiking, cycling, and fishing.

According to the Global Peace Index, Ireland ranks 2nd, with safety and security ensured by a strong rule of law. Despite these strict laws, Ireland ranks 4th for human freedom.

English is the primary language spoken in Ireland, making it an accessible destination for retirees from English-speaking countries.

The Irish are known for their friendliness, warmth, and hospitality and are ranked 20th happiest people globally. Retirees often find it easy to connect with locals and feel welcome in their communities.

The climate in Ireland is mild, with no freezing winters or hot summers. The average temperature in winter is 42 °F, and in summer, it is 59°F, making it a perfect choice for those who prefer cooler weather.

Iceland is a Nordic island country located between Europe and North America. According to the Global Peace Index 2024, it was ranked as the safest country in the world with a score of 1.112, where 1 indicates the most peaceful place.

Icelandic people are among the happiest nations, ranking 3rd in the Happiness Index 2024. Iceland also ranks 7th for quality of life and 8th for healthcare.

The country also has breathtaking nature with hot springs, geysers, black sand beaches, highlands, and fjords. They make Iceland one of the most unique countries in terms of landscape.

With a low population density and only 370,000 residents, most of whom live in the capital, Reykjavik, Iceland offers a calm lifestyle, especially attractive to retirees. Many Icelandic people speak good English, easing communication for American retirees.

Switzerland, located in Central Europe, is known for its outstanding natural beauty, peacefulness, stable economy, and high quality of life. Switzerland consistently has one of the highest GDPs per capita in the world, according to the International Monetary Fund (IMF).

The country ranks 5th for quality of life, 6th for safety, and is in the top 10 for healthcare and sustainability.

Switzerland’s central location in Europe allows easy travel to nearby countries such as France, Germany, and the Netherlands. The Swiss Alps, Lake Geneva, Lake Zurich, and the Swiss National Park are among Switzerland’s most famous landmarks, making it a haven for nature lovers.

Switzerland has a residence permit program for financially independent persons. By paying a lump-sum of CHF 450,000+, roughly $520,000, individuals can move to the country and establish their life.

Norway, a Scandinavian country known for its marvelous nature, offers one of the highest standards of living in the world.

Norway is in the top 10 for quality of life, with a prosperous economy and high GDP per capita, ensuring a comfortable retirement.

Known for its low crime rate and political stability, Norway also provides a safe and secure environment for retirees.

The country offers a strong social safety net, education, and infrastructure, which are crucial for a comfortable retirement. Norway has a well-developed and efficient healthcare system that provides comprehensive coverage to residents, including retirees.

The country’s emphasis on outdoor activities and physical well-being promotes an active and healthy lifestyle for retirees who enjoy nature, hiking, skiing, and other outdoor pursuits.

Many Norwegians speak English fluently, so American retirees will have no strict necessity to learn the local language.

When choosing a retirement destination, it is important to consider various factors to ensure a comfortable, enjoyable, and secure lifestyle for the golden years. By carefully evaluating the following aspects, US citizens can find the ideal country to retire in that suits their needs and preferences.

Cost of living. The first thing to consider is how much it will cost to live comfortably in a new home. This includes everyday expenses such as food, transportation, and housing. Housing costs can vary widely within a country, so it is worth exploring different areas to find the best fit for one’s budget. Additionally, consider utilities and property taxes.

Healthcare. Access to good healthcare is crucial in retirement. Look for countries with quality hospitals, reliable doctors, and affordable medical services.

It is important to check if the country has government-subsidized healthcare and understand potential out-of-pocket costs for doctor visits, prescriptions, and ongoing medical needs. Obtaining travel insurance with medical coverage can also help fill any gaps.

Financial security. Understanding how one’s pension and other benefits will be affected by moving abroad is important. Ensure that transferring a pension to the new country is possible or that it can still be received from home.

Compare retirement plans and social security options to maintain a comfortable lifestyle. Also, be aware of the tax implications of moving a pension and living abroad, as some countries offer more favorable tax rates than others.

Lifestyle and activities. Retirement years should be enjoyable and fulfilling, so think about the desired lifestyle. Whether preferring a bustling city, a quiet countryside, or something in between, it is important to find a place that offers favorite activities, such as hiking, golfing, or enjoying fine dining and shopping.

Climate and geography. The climate and geography of a retirement destination can greatly impact quality of life. Consider personal preferences for weather, such as a preference for warmer or cooler climates. Geography, such as proximity to beaches, mountains, or urban centers, can also influence the choice of location.

Language and community. Feeling at home in a new country is easier if one speaks the language or there are communities of expats. Some countries have large international communities where it is easy to find others who speak English. If learning a new language feels daunting, prioritize countries where English is widely spoken or understood.

Safety. Safety is a significant concern when choosing a retirement destination. Research the crime rates and general safety of potential countries. Consider political stability, as well, to ensure a peaceful and secure environment.

Reliable sources like the Global Peace Index, World Risk Report, and Numbeo Safety Index can provide valuable insights into safety and stability in different countries.

Accessibility and transportation. Ease of getting around is important, especially as mobility can become more challenging with age. Look for countries with good public transportation systems and accessible infrastructure. Proximity to an international airport is also a plus for those who plan to travel frequently or have family visiting.

The easiest way to retire in a foreign country is to obtain residency or citizenship by investment.

Some countries, such as Malta, Cyprus, or Portugal, grant foreigners residencies by investment. However, there are also countries with residency and citizenship programs that didn’t end up on the list above. They have their own benefits for American retirees as well.

Europe. Hungary, Greece, Italy, and Spain are European countries that grant residence permits by investment.

The Hungary Golden Visa program available from July 2024 allows obtaining a Hungary residence permit for 10 years.

The most affordable investment option is buying real estate fund units for at least €250,000, or $270,000. Investors can also donate €1,000,000, or $1,100,000, to an institution of higher learning. The third option is to purchase real estate valued €500,000 or more; it will become available on January 1st, 2025.

To participate in the Greece residency by investment program, one must invest €250,000+, roughly $270,000, in residential or commercial real estate, a hotel or tourist residence, a land plot, or securities. Opening a bank deposit, renting a timeshare for 10 years, inheriting real estate, or receiving it as a gift are three more options.

Italy grants its residence permit by investing €250,000+, roughly $270,000, in an innovative startup, business, philanthropic organization, or the purchase of government bonds.

Under the Spain Golden Visa program, one must invest €500,000+, roughly $540,000, in real estate, businesses, shares of Spanish companies, units of investment funds, or government bonds. Opening a deposit account at a Spanish bank is also an option.

Greece, Italy, and Spain are more affordable than the US. In addition, they offer a good quality of life, developed economies, and favorable climates.

Living in these countries makes it easy to travel across Europe, with short flights or even overnight trips between countries. Travel within the EU is also more affordable than flying from the US to Europe.

The Caribbean. Several Caribbean states offer the opportunity to obtain a Caribbean country passport by investment. They are Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and St Lucia. Foreigners can obtain a second Caribbean passport in at least 6—8 months for a minimum investment of $200,000.

The Caribbean region is known for its pleasant climate all year round and rich nature, with mountains, beaches, and the Caribbean Sea nearby. It is also a good place for those who prefer a calm and slow life far away from busy cities and crowds.

1. US citizens often retire abroad to save money, enhance safety, enjoy a calmer lifestyle, and explore new experiences. European countries are popular choices among American retirees.

2. According to the Global Retirement Index 2023, Norway is the best country for retirement. Other top destinations include Switzerland, Iceland, Ireland, and Luxembourg.

3. Some top countries offer residency by investment programs that allow one to get a residence permit by investing in the economy. Examples include the Cyprus permanent residence by investment program and the Portugal Golden Visa program.

4. Certain countries offer special visas for retirees with stable passive income. One of the popular examples is the Portugal D7 Visa.

5. The Caribbean countries, though not included in the list, can also be an attractive option for retirement with their warm climate, breathtaking nature, and calm life outside big cities. Nations that offer an opportunity to obtain a Caribbean passport by investment include Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and St Lucia.