COUNTRIES TO RETIRE ABROAD, cities TO RETIRE ABROAD
What are the possible reasons for retiring abroad? Obviously, a good environment that is affordable, has better climate conditions with an excellent quality of life. A country that is more favorable and beneficial will always be the reason for leaving the U.S. after retiring. According to the Aegon Retirement Readiness Survey, 2021, 12% of Americans aspire to retire abroad.
However, when planning to move abroad, expanding your retirement nest egg is your priority. In the same way, relocating to a good and safe place should also be considered important and kept in mind while planning. Using the data from the Institute for Economic and Peace Data, we got to know the safest countries in the world and the average monthly expense in those countries.
After reading the data, we finally got nine countries that are the safest and most inexpensive to retire in, which means they cost less than $2000 per month.
To help retirees decide where to spend a safe, inexpensive, and happy life ahead,
Let’s have a look at those 9 countries’ average cost and other conditions, respectively.
1. JAPAN
Japan is not only considered a good place to live but also a great place to retire. It is quite affordable, with better resources to make life easy and safe. According to studies, Japan’s average monthly cost of living is approximately $1171. Japan’s public health care systems are superior to those of the majority of other countries. And the best thing is that Japan is considered a good country to save more money after retiring.
2. PORTUGAL
Portugal has already been a destination for retirees all over the world. It has already influenced 45% of the population of America to retire because of the low cost of living conditions, the effective healthcare system it provides, and the amazing climatic conditions. Portugal has a friendly reputation along with inexpensive living, which appeals most to Americans. According to studies, the average monthly cost of living is approximately $977.
3. SLOVENIA
Slovenia is a small country with a total population of 2.1 million. According to studies, the average monthly cost of living is approximately $1000. Language is a barrier, as Slovenian is the official language and people mostly speak Slovenian only and consider English a foreign language. Retirees might see this as a problem, but no doubt Slovenia is beautiful and quite inexpensive to retire to.
4. CZECH REPUBLIC
Czechia provides public and private health care at no cost, and this influences most retirees to retire here. Retirees won’t find language a barrier here, as although Czech is the official language, English is widely spoken. According to studies, the average monthly cost of living is approximately $1007.
5. IRELAND
Many retirees may find Ireland a bit expensive to retire in, but they can find low-maintenance housing easily. The beauty of this country and the richness of its cultural traditions influence retirees. And as English is one of the official languages, language is not a barrier in this country. According to studies, the average monthly cost of living is approximately $1194.
6. CANADA
The best part about retiring here is that you will be on the same continent as your family and friends, making it easy for them to visit you. And Canada is again a friendly place with a solid economy and a well-developed health care system. According to studies, the average monthly cost of living is approximately $1832.
7. AUSTRIA
Austria provides a solid social security system with a low crime rate and an amazing environment to live in with a rich historical culture. It has already impressed a lot of retirees with the high quality of life, healthcare, and education system it provides. Austria has a high ranking in women’s security and press freedom. According to studies, the average monthly cost of living is approximately $1467.
8. NEW ZEALAND
New Zealand is found at the top of the list of retirees who are planning to retire abroad because of the appealing nature, the landscapes, the alpine vistas, the subtropical forests, the sandy beaches, and the rolling hills. According to studies, the average monthly cost of living is approximately $1669.
9. DENMARK
Denmark already provides one of the best quality of life in the world, with a great healthcare system and a good education system. It is such a beauty with an amazing, natural, family-friendly environment. According to studies, the average monthly cost of living is approximately $1665.
Retirees should plan well to retire abroad, keeping all the pros and cons of the different countries in mind.
KEY NOTES
About 12% of America’s population aspires to retire abroad for a high quality of life with low maintenance.
However, when planning to move abroad, expanding your retirement nest egg is your priority.
Relocating to a good and safe place should also be considered important and kept in mind while planning.
To help retirees decide where to spend a safe, inexpensive, or affordable and happy life ahead, we have identified nine countries that are the safest and most inexpensive to retire in, which means they cost less than $2000 per month.
Japan’s public health care systems are superior to those of the majority of other countries.
Portugal has a friendly reputation along with inexpensive living, which appeals most to Americans.
Slovenian is the official language, and people mostly speak it only and consider English a foreign language. Retirees might see this as a problem, but no doubt Slovenia is beautiful and quite inexpensive to retire to.
Austria provides a solid social security system with a low crime rate and an amazing environment to live in with a rich historical culture.
New Zealand is found at the top of the list of retirees who are planning to retire abroad.
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