Dreaming of Retiring Abroad? Here's What You Need to Know

Thinking about retiring outside the U.S.? You’re not alone—and you're in the right place. With the rising cost of living (and let's be real, a desire for a little more adventure), many retirees are trading traditional retirement locales for international breezes.

After lots of research—and some serious daydreaming—we’ve rounded up six of the best places to retire abroad. These spots offer amazing value, strong expat communities, healthcare you can trust, and climates you'll want to brag about.

Whether you’re ready to pack your bags or just adding to your bucket list, here’s everything you need to know.

Boquete, Panama: Springtime Forever

Boquete (pronounced bo-keh-tay, if you want to sound like a pro) is a hidden treasure tucked into Panama’s lush highlands.

• Cost of living: About $2,000–$2,500 per month for a couple, including housing, utilities, and healthcare.
• Healthcare: Excellent private options at a fraction of U.S. costs.
• Travel: Just a quick drive to David for flights to Panama City and beyond.
• Climate: 65–75 degrees year-round—aka, the kind of days where you might grab a light sweater at night but spend your days basking comfortably outdoors.

Boquete is famous for its eternal springtime climate, friendly expat community, and affordable luxury. Want resort-style living? Communities like Lucero offer golf courses, spas, and security—with home prices dramatically lower than U.S. equivalents. Don’t be surprised if you find million-dollar views here for half the price!

Algarve, Portugal: Sunshine and Seaside Charm

If retiring to the cobblestone streets and coastal cliffs of Portugal sounds dreamy—you’re spot on. Algarve combines old-world charm with a retiree-friendly lifestyle.

• Cost of living: Around $2,500–$3,000 per month.
• Visa perks: The D7 Visa makes it easy for retirees with stable income.
• Healthcare: Top-notch and English-speaking in many areas.
• Climate: Over 300 days of sunshine a year.

Gated communities abound, offering golf, pools, and plenty of European flair. Property prices range widely, so there’s something for every budget. The Algarve’s mild winters and lively expat scene make it feel instantly like home.

Tamarindo, Costa Rica: Beachy and Beautiful

Ready to swap snow shovels for surfboards? Tamarindo might be your match. It's tropical, easygoing, and filled with howler monkeys to keep things interesting.

• Cost of living: $2,200–$2,800 per month.
• Healthcare: High-quality, bilingual care options.
• Travel: Liberia International Airport is your easy in and out.
• Climate: Warm year-round with a clear dry and rainy season.

Tamarindo's gated communities range from cozy beach homes to luxury estates overlooking the Pacific. Bonus: Costa Rica offers excellent public and private healthcare, and many locals speak English. You can grab fresh mangos at the market and a beachfront home for less than you’d pay for a fixer-upper stateside.

Lake Chapala, Mexico: Classic Charm at a Bargain

If you're looking for affordability without sacrificing comfort, Lake Chapala should be on your radar. It's already a favorite among U.S. expats—and for good reason.

• Cost of living: $1,500–$2,200 per month.
• Healthcare: Excellent public and private systems, many English-speaking doctors.
• Travel: Close to Guadalajara International Airport.
• Climate: Spring-like temps around 60–80°F year-round.

Here, you’ll find an active expat scene, colorful local culture, and gated communities offering homes well below U.S. prices. Some gated communities even boast pools and clubhouses for under $200,000!

San Miguel de Allende, Mexico: Artsy and Elegant

Art lovers, foodies, and culture seekers—San Miguel de Allende will steal your heart.

• Cost of living: $2,000–$2,500 per month.
• Healthcare: Affordable and accessible.
• Travel: Easy flights via Querétaro and León airports.
• Climate: Warm days, cool nights, low humidity.

The city’s European-style architecture, thriving arts scene, and historic charm have made it a global retirement hotspot. Upscale gated communities offer golf course views and luxury living—with a surprisingly affordable price tag. Evening city views here? Absolutely magical.

Koh Samui, Thailand: Affordable Island Living

For a tropical paradise that feels straight out of a movie, Koh Samui is calling.

• Cost of living: $1,500–$2,400 per month.
• Healthcare: Good quality with English-speaking staff.
• Travel: Samui International Airport connects you globally.
• Climate: Year-round sunshine with tropical flair.

Fully furnished apartments start at around $450 a month (yes, really!). Plus, you can treat yourself to luxuries like a housekeeper or private chef for far less than you’d expect. If you've ever dreamed of living 10 minutes from the beach—and paying less than you do for your car payment—you’ll love it here.

Final Thoughts: Is Retiring Abroad Right for You?

Retiring outside the U.S. isn’t just about stretching your dollars (though hey, that's a pretty sweet bonus). It’s about trading the familiar for something a little more extraordinary—new adventures, richer cultures, and sunnier, slower days.

The next chapter is yours to design. Why not make it unforgettable?

And if you're still deciding between Florida’s 55+ communities and world adventures? We can help with the Florida part and will connect with a friendly agent who knows the best 55+ spots.

No matter where you land, make it a life worth exploring.

FAQs About Retiring Abroad

We get a lot of great questions about retiring abroad—here are a few quick answers you’ll want to know!

Is it cheaper to retire abroad?

Yes! Many international destinations offer a significantly lower cost of living than the U.S., including housing, healthcare, and everyday expenses.

Do I need a visa to retire in another country?

Typically, yes. Most countries offer retirement visas that require proof of income or investment. Requirements vary, so check each country’s rules carefully.

How good is healthcare in these countries?

Surprisingly good! Places like Panama, Portugal, Costa Rica, and Thailand offer affordable, high-quality healthcare—with many English-speaking providers.

Can I still visit the U.S. easily?

In most cases, absolutely. Many top retirement spots have airports with frequent flights to major U.S. cities, making visits home a breeze.