5 of the Best Places to Retire Around the World

Retirement is an exciting journey, especially if you plan on living somewhere new and exotic. If you’ve been thinking about retiring out of the country, we’ve compiled a list of some of the best places to retire around the world. It can be hard to figure out where exactly our heart and soul is drawing us toward. So, in an effort to help narrow down your list, we share what each of these countries offers retirees. Check it out!

Malaysia

Consistently on the leader board for best places to retire, Malaysia offers retirees numerous reasons to stay. Southeast Asia, in general, has some of the most affordable retirement destinations in the world. Additionally, while not many countries rank high in terms of safety, Malaysia does. Plus, if the excellent health care doesn’t get you to consider, then maybe the miles and miles of breathtaking beaches will.

Why Malaysia?

Not only is the cost of living significantly lower than the U.S., but a beautiful and luxurious apartment or home can be as little as $400 a month. You’ll notice low prices like these all over the country.

Costa Rica

Costa Rica has been attracting people to its borders for years, and many of them never end up leaving. The tropical climate’s natural beauty combined with affordable medical care and real estate make this an ideal country to retire to. There are plenty of places, such as Los Sueños, which offer benefits such as retiring right on the water. However, if you’re looking for something more metropolitan, there are excellent choices in the city—either way, you’re sure to meet warm and inviting people.

Why Costa Rica?

One thing expats rave about is how welcoming the Ticos (Costa Ricans) are. You’ll find yourself enthralled with the magic of the country’s culture and the people who love it.

Austria

Countries in Europe don’t normally come up as top places to retire abroad since they can be a bit pricy. Austria, however, offers a happy environment and beautiful landscapes at a reasonable price. They’re consistently listed high on the World Happiness Report which is quite the feat. Many residents consider Austria the “Swiss alternative.”

Why Austria?

The country offers all of Switzerland’s breathtaking natural beauty at a fraction of the price. It’s a perfect place for those who don’t want a tropical retirement.

Czech Republic

Another great choice in Europe, the Czech Republic does not get nearly as much credit as it should. Known as the castle capital of the world, it’s a wonderful place for those who love to explore. The expat community is still fairly small but is growing quickly, mainly due to the peaceful nature and enchanting atmosphere.

Why the Czech Republic?

If you’re worried about not speaking the language, don’t fret—there are several expat organizations in the Czech Republic. They cater to a wide range of interests and help you make friends in the country.

Panama

Another wonderful tropical retirement spot, Panama is modern, convenient, and close to the United States. Completely outside the hurricane belt, you won’t need to worry about severe weather like you would at other tropical spots. Additionally, this gorgeous country has a low tax burden, excellent health care, and an inviting atmosphere.

Why Panama?

Panama’s capital, Panama City, provides a more affordable way of life compared to other popular retirement destinations found around the world.