The Best Countries for Americans to Retire in 2025

Reaching your retirement marks the end of one chapter and the beginning of a thrilling new one. For many Americans, the dream of golden years spent exploring new horizons is more attainable than ever. Imagine waking up to the golden glow of a Tropical sunrise, savoring fresh croissants at a quaint Parisian café, or strolling along a sun-drenched beach in Portugal. What could be better?

But with so many destinations vying for your attention, how do you decide where to retire abroad? Whether you’re drawn to the timeless romance of Europe, the tropical allure of Central America, or the laid-back charm of New Zealand, this guide will help you navigate the best countries for Americans to retire in 2025 and provide fantastic options for any retiree looking to move abroad.

Together, we’ll uncover stunning locations and examine the important factors to consider, like healthcare, cost of living, and the process for moving to each country. Let’s dive in!

10 Best Places for Americans to Retire Abroad

In doing your research, you’ll most likely find that there are countless amazing options for where to retire overseas, and your ideal retirement destination will largely depend on your preferences and desired lifestyle. Here are our picks for the top ten countries to retire abroad for Americans in 2025, backed by the latest retirement data from the Global Intelligence Unit (GIU) at Global Citizen Solutions.

1. Spain

GIU Retirement Index ranking: 1 

Retiring in Spain is relatively affordable compared to major US cities. Cities like Madrid and Valencia offer significant cost savings, with rent and general expenses up to 50–70 percent lower than in New York. Depending on your lifestyle and preferred housing, you can expect to live on around $2,000–$2,500 (€1,900–€2,400) per month, with the smaller cities providing fantastic budget-friendly living options.

The country’s vibrant culture, renowned for its fiestas, flamenco dancing, and tapas, creates endless opportunities for social engagement. Spain’s diverse climate caters to all preferences, from the sunny beaches of Andalusia to the lush, cooler landscapes of Galicia and the Basque Country. While navigating bureaucracy and language barriers can be challenging, expat communities in places like Alicante and Malaga help retirees ease into their new lives.

The country’s high-quality healthcare system is another draw, with both public and private options providing affordable and accessible care, including the Convenio Especial public healthcare program for expats ineligible for free coverage. While costs vary, private health insurance is generally much cheaper than in the US, with plans starting as low as $55 per month.

Spain also maintains a low crime rate, though petty theft in tourist areas can be an issue. Finally, the country’s favorable tax policies, including agreements to avoid double taxation and options like the Beckham Law (a special tax program that allows certain foreign workers to pay a reduced income tax rate), make it an attractive retirement destination for US expats.

Whether sipping sangria by the sea, exploring centuries-old traditions, or enjoying a laid-back lifestyle, Spain offers retirees a fulfilling and culturally rich experience. From urban energy to serene countryside, the Spanish way of life celebrates community, family, and the joy of living.

Moving to Spain

For retirees considering Spain, the Golden Visa and the Non-Lucrative Visa stand out as two of the most attractive options for securing residency.

The Spain Golden Visa program, though its future is currently uncertain, offers residency to non-EU citizens who make a qualifying investment in Spain, such as purchasing real estate or making financial contributions to the economy.

Meanwhile, the Non-Lucrative Visa is specifically designed for non-EU citizens seeking to live in Spain without engaging in work or business activities, making it an ideal choice for those planning a peaceful and leisurely retirement.

2. Portugal

GIU Retirement Index ranking: 2 

Retiring in Portugal is an increasingly popular choice for expats seeking an affordable, relaxed lifestyle in a culturally rich and welcoming environment. While the cost of living is more expensive in the major expat cities like Lisbon and Porto, costs remain manageable compared to major US cities and you could get by on around $1,900–$2,600 (€1,800–€2,500) per month, depending on your lifestyle and housing choices. In smaller cities, you can live comfortably on a lower budget of $1,500–$2,000 (€1,400–€1,900) per month.

Portugal’s warm climate, with over 300 days of sunshine annually in some regions, adds to its allure. Coastal towns like the Algarve offer golden beaches and a laid-back lifestyle, while central and northern areas like the Douro Valley and Braga provide slightly cooler climates and scenic landscapes. The country’s rich culture and history are evident in its stunning architecture, from the tiled facades of Lisbon to the medieval castles scattered across the countryside.

Portugal provides high-quality healthcare through its public Serviço Nacional de Saúde (SNS) and private healthcare services. While public healthcare is affordable and efficient, private insurance offers quicker access to specialists and English-speaking professionals, appealing to expats. Private medical plans start from $50 per month but can be more expensive depending on the coverage required.

Portugal is well-connected to the US, with frequent direct flights from cities like Lisbon and Porto to major destinations such as New York and San Francisco. This accessibility ensures that retirees can easily travel between Portugal and the US.

Although Portugal’s Non-Habitual Resident (NHR) program ended, favorable tax policies remain. The new Tax Incentive for Scientific Research and Innovation offers a 20 percent flat tax on qualifying income for eligible residents. The Double Taxation Treaty between the US and Portugal prevents double taxation, enhancing the financial appeal for American retirees.

With a reputation for safety, a strong sense of community, luxury care homes in Portugal, and English widely spoken in urban and expat areas, Portugal makes the transition to retirement life smooth and enjoyable. Whether savoring fresh seafood by the Atlantic, exploring historic sites, or enjoying a relaxed pace of life, Portugal offers retirees a fulfilling and serene experience.

Moving to Portugal

The Portuguese government offers ample visa options to make moving to the country simple. The most popular option for retirees is the Portugal D7 Visa, also known as the Portugal retirement visa, perfect for those who earn passive income such as pension income, savings, or rental income.

The Portugal Golden Visa is also another strong option, where retirees can get a residency permit for a minimum qualifying investment in the country, starting at €250,000 (about $264,580).

3. Costa Rica

GIU Retirement Index ranking: 3 

Retiring in Costa Rica is an attractive option for expats seeking a tropical lifestyle, affordable living, and high-quality healthcare. The cost of living is up to 50 percent lower than in the US, and you should be able to live comfortably on $1,000–$2,000 per month, depending on location and lifestyle. Coastal areas like the Pacific and Caribbean coasts are slightly pricier, while towns in the Central Valley offer more budget-friendly options.

Costa Rica’s tropical climate features a distinct rainy season from May to November and dry season from December to April. The country is known for its stunning natural beauty, from pristine beaches to lush rainforests, and its biodiversity offers endless opportunities for outdoor activities.

Healthcare in Costa Rica is high-quality, affordable, and ranked among the best globally. The public healthcare system, CAJA, provides universal coverage for residents at low monthly rates based on income. Private healthcare is also available, offering faster access and still significantly more affordable than in the US. Nicoya in Costa Rica is also categorized as a blue zone, where its residents are said to live longer than average and have lower rates of chronic disease.

Costa Rica is well-connected to the US, with direct flights to cities like Miami and New York, making it easy to travel back and forth. Additionally, its territorial tax system only taxes income earned within Costa Rica, appealing to retirees.

Known for its safety, Costa Rica offers a welcoming atmosphere for expats. English is widely spoken in urban and tourist areas, and the country’s focus on sustainability and community makes it an ideal destination for retirees seeking a tranquil and fulfilling lifestyle with a low cost of living. Whether relaxing on a beach, exploring rainforests, or enjoying the vibrant, rich culture, Costa Rica offers a fulfilling retirement experience.

Moving to Costa Rica

To move to Costa Rica, retirees can research the Pensionado Program, Costa Rica’s retirement visa. To qualify, you’ll need a minimum income of $1,000 per month, transferred into a bank based in Costa Rica to withdraw expenses, and will need to stay in the country at least one day per year.

4. Uruguay

GIU Retirement Index ranking: 4 

Uruguay offers retirees an exceptional quality of life, combining safety, affordability, and natural beauty that makes it a truly remarkable retirement destination. This temperate South American haven stands out as the safest country in the region, providing peace of mind for those seeking a tranquil retirement abroad.

One of Uruguay’s most attractive features for retirees is its exceptional healthcare system. The innovative “mutualista” healthcare model provides comprehensive medical coverage for just $100 to $200 monthly, offering high-quality care at a fraction of the cost in North America. Expats can choose from public healthcare, private insurance, or the flexible mutualista plans, ensuring top-notch medical support without breaking the bank.

Uruguay’s capital, Montevideo, is incredibly affordable, with living costs significantly lower than major North American urban cities. You can enjoy a comfortable lifestyle for around $1,200-$2,200 per month depending on lifestyle and housing choices – a dream for budget-conscious retirees seeking a low cost of living.

Beyond practical benefits, Uruguay offers a rich tapestry of experiences for retirees. The country welcomes migrants with open arms, ranking sixth on the Migrant Acceptance Index. Retirees can explore charming towns, pristine beaches along the Atlantic coast, and vibrant cultural scenes. From the historic streets of Montevideo to the elegant resorts of Punta del Este, there’s no shortage of beauty to discover.

The tax system is particularly attractive, with foreign residents enjoying significant benefits. For the first five years, only locally generated income is taxed, providing financial flexibility for those looking to make Uruguay their new home.

From its safe streets and world-class healthcare to its stunning landscapes and affordable lifestyle, Uruguay presents an idyllic retirement destination. Whether you’re drawn to the bustling cultural scene of Montevideo, the serene coastal towns, or the picturesque interior, Uruguay offers a perfect blend of comfort, beauty, and opportunity for foreign retirees.

Moving to Uruguay

Uruguay provides an exciting retirement visa option, also known as the Pensionado Visa. To qualify, you’ll need a monthly income of $1,500, which can come from social security, pension funds, or annuities. You’ll also need a clear criminal background check and proof of health insurance.

5. Mexico

GIU Retirement Index ranking: 5 

Retiring in Mexico means affordability, warm hospitality, and rich cultural experiences. The country’s healthcare system is a major draw, with high-quality medical care and comprehensive health insurance available at a fraction of US costs. Many doctors are trained internationally, ensuring professional and personalized medical services.

The cost of living is dramatically lower than in major US cities, with consumer prices and rent in Mexico City being 62.2 percent less expensive than in New York. Retirees can enjoy a comfortable lifestyle on a modest budget of $1,200-$2,000, with diverse living options from tropical beaches to colonial towns that cater to various preferences.

The 2023 Expat Insider Report highlights that 91 percent of expats find locals friendly, and 89 percent feel welcomed as foreigners. Cities like Yucatán and Campeche are particularly recommended for their safety and charm, offering retirees a chance to immerse themselves in a rich cultural landscape with world-class cuisine, vibrant festivals, and historical sites.

With a relatively expat-friendly tax system, multiple healthcare options, warm climate, and welcoming culture, Mexico presents an attractive retirement destination for those seeking adventure, comfort, and a high quality of life at an affordable price.

Moving to Mexico

Retirees can apply for Mexico’s Permanent Resident Visa. To qualify, you will need to prove that you have at least 300 days’ worth of the Mexican minimum wage (roughly $1,600) from a pension income or other retirement source during the previous six months or prove that you have investments or bank accounts with an average overall balance equivalent to about $107,000 during the previous year.

6. New Zealand

GIU Retirement Index ranking: 6 

New Zealand offers a peaceful retirement lifestyle amidst some of the world’s most breathtaking natural landscapes. Renowned for its outdoor-oriented culture and exceptional quality of life, the country provides retirees with a perfect blend of adventure and tranquility. The stunning environment ranges from rolling hills and dramatic fjords to pristine beaches, creating a picturesque backdrop for those seeking a serene yet engaging retirement experience.

New Zealand’s healthcare system stands out as a significant advantage for retirees, with comprehensive universal coverage that ensures free or low-cost medical services for residents. The robust healthcare infrastructure, combined with New Zealand’s status as the fourth safest nation globally, provides retirees with peace of mind and a sense of security.

Financially, New Zealand offers a more affordable living environment compared to major cities in the United States, with consumer prices and housing costs significantly lower. You should be able to live comfortably on about $1,500 to $2,800, depending on location and lifestyle. The country’s welcoming attitude towards migrants, ranking second in the Gallup Migrant Acceptance Index, ensures that expat retirees can easily integrate into the local community and enjoy a warm, inclusive environment.

Retirees can immerse themselves in outdoor activities like hiking through national parks, joining local sailing clubs, or participating in community theater. The country’s diverse landscape and vibrant culture offer numerous ways to stay active and engaged, from wine tasting and photography to participating in seasonal farmers’ markets.

Moving to New Zealand

To move to New Zealand, a retiree’s best option is the Temporary Retirement Visitor Visa, which allows you to stay in the country for up to two years after an investment in the country. This visa requires a heavier investment than most other countries on this list. It requires NZD $750,000 (about USD $440,000) to invest in New Zealand, plus an additional NZD $500,000 (USD $293,380) to live on and an annual income of NZD $60,000 (USD $35,205) or more. You will also need to be 66 years of age or older to qualify.

7. Italy

GIU Retirement Index ranking: 7 

Italy’s timeless beauty, historic sites, and culinary excellence make it a dream retirement destination. From bustling cities to serene countryside, it offers something for everyone. Whether savoring gelato in Florence or sipping an espresso in Rome, every moment feels special. The Mediterranean climate ensures pleasant weather for much of the year.

The cost of living is lower than in major US cities, with affordable housing, dining, and groceries. You can live comfortably in cities like Rome or Milan for around $2,500–$3,200 per month, depending on lifestyle and location.

Italy’s healthcare system provides high-quality, comprehensive care through public and private options. Legal residents can access the public healthcare system, but expats must secure private insurance initially. The country’s connectivity to the US is excellent, with direct flights to Rome and Milan averaging eight hours.

Expats benefit from Italy’s double taxation agreement with the US, preventing dual taxation on pensions and income. While English proficiency varies, northern cities show higher levels of fluency.

Retirees can spend their time exploring historic landmarks, learning Italian, or mastering regional cooking techniques. Retirees also enjoy opera and festivals. With its vibrant history, stunning landscapes, and welcoming communities, Italy is an appealing retirement destination offering a blend of affordability and culture.

Moving to Italy

The Italy Golden Visa offers residency in exchange for an investment in the country’s economy, with the minimum investment being €250,000 (about $264,580) invested in qualifying startups.

8. Canada

GIU Retirement Index ranking: 8 

Canada is ideal for retirees seeking proximity to family in the US while enjoying a high quality of life. Retiring in Canada offers US expats diverse climates, from Vancouver’s mild, oceanic weather to Alberta’s colder continental conditions.

The cost of living is slightly lower than in major US cities, with Toronto and Vancouver offering substantial savings on housing, dining, and consumer goods compared to New York City. Still, you will need about $2,500-$3,500 per month to live in Canada comfortably, depending on location and lifestyle.

Canada’s healthcare system provides excellent care, with public healthcare accessible to permanent residents and private insurance covering gaps for newcomers. Private plans average $4,000–$6,000 annually for retirees, depending on individual needs. Direct flights between major US and Canadian cities, such as New York to Toronto or Vancouver, are affordable and quick, enhancing connectivity.

Expats benefit from the US-Canada tax treaty, which prevents double taxation and simplifies financial arrangements. With its natural beauty, multicultural communities, and accessible healthcare, Canada is an appealing retirement destination.

Moving to Canada

Canada doesn’t offer a retiree-specific visa option, and it can be challenging to get residency in the country. If you already have family living in Canada, you can immigrate through family sponsorship. If not, the Visitor Visa is a temporary solution, allowing you to stay in the country for up to six months.

9. Ireland

GIU Retirement Index ranking: 9 

Ireland offers a quaint lifestyle with picturesque villages and vibrant cities like Dublin. The weather is cool and damp, but the stunning greenery more than compensates. Retirees are free to explore historic castles and enjoy traditional music in the country, and many also join walking clubs or community theater groups. The pub culture is also a great way to socialize.

The public healthcare system, managed by the HSE (Health Service Executive), is accessible to residents and expats but often involves long wait times, leading many to opt for private health insurance for quicker access.

Ireland is ranked highly for safety, holding the second position in the 2024 Global Peace Index, and is welcoming to migrants, ranking 10th globally in the Migrant Acceptance Index. Although living costs in Dublin are lower than in New York, housing and groceries remain significant expenses. You will need about $3,000-$4,000 per month to live in Dublin comfortably. US retirees may benefit from the US-Ireland tax treaty to avoid double taxation.

Moving to Ireland

The Irish Retirement Visa is a strong option for US retirees, requiring you to provide evidence that you can support yourself financially, by showing that you earn at least €50,000 per year, or €100,000 if you are moving as a couple.

10. France

GIU Retirement Index ranking: 10 

France combines elegance, history, and a high quality of life, making it a firm favorite for retirees. From Parisian sophistication to Provence’s rustic charm, it offers endless variety. Retiring in France offers a variety of climates, from the cooler, rainy north to the warmer, sunnier south, catering to diverse preferences.

The country’s healthcare system is highly regarded, offering universal coverage through the public system (PUMA) after a three-month residency, supplemented by affordable private insurance options.

France is generally safe for expats, though vigilance is advised in crowded areas. Despite a higher cost of living compared to many countries, Paris is notably more affordable than New York, especially in terms of housing and dining. You could live in France for around $2,700 to $3,200, depending on lifestyle and location.

France is a culturally rich destination, with world-class museums, historic landmarks, and a deep appreciation for art, gastronomy, and leisure. Its well-connected transport system makes it easy to explore the country or even nearby European destinations during your retirement.

Moving to France

The Long-Stay Visa is a good option for moving to France, with the main requirement being to provide evidence that you will be able to support yourself financially during your stay in the country.

Final Thoughts

With proper research, planning, and the right mindset, retiring abroad could be your greatest adventure yet. Of course, it does not hurt to have some help along the way. If you are ready to begin your new chapter, chat to the migration experts at Global Citizen Solutions, for tailored advice on your next move.

If you have your heart set on Portugal, consider making Goldcrest your partner for finding your dream retirement home and making your move easy and comfortable. As a buyer’s agent, we work on your behalf and to your specifications to find your ideal home in Portugal. As a personal service tailored to you, your needs come first every step of the way. You can contact us for a commitment-free chat.