Top 7 Countries to Retire Abroad on a Small Pension or Social Security

💰Retiring abroad on a small pension or Social Security can provide a better quality of life and lower cost of living.

🌴Belize is an attractive option with its tropical climate and affordable cost of living. The Qualified Retirement Program makes retiring in Belize straightforward for eligible individuals.

🇵🇹Portugal offers a retirement visa, known as the D7 Visa, which is popular among non-European Union citizens. The cost of living in Portugal is relatively affordable.

🌎Costa Rica is a popular destination for retirees due to its friendly people, beautiful beaches, and affordable healthcare. The country has a large expat community and offers a retirement permit program.

🌴Thailand offers a retirement visa for those aged 50 and above. The country is known for its tropical paradise, friendly locals, and high quality of medical care at an affordable cost.

What are the benefits of retiring abroad?

—Retiring abroad can provide a better quality of life, lower cost of living, access to new experiences and cultures, and the opportunity to live in a tropical paradise.

Which country has the lowest cost of living?

—Countries like Belize, Thailand, and Costa Rica offer a low cost of living, making them attractive options for retirees on a small pension or Social Security.

What are the income requirements for retiring abroad?

—The income requirements vary depending on the country. For example, Belize requires a minimum monthly income of $2,000 for its Qualified Retirement Program, while Portugal requires proof of a monthly income of about $775.

Do I need to renounce my citizenship to retire abroad?

—Most countries do not require you to renounce your citizenship to retire abroad. However, it's important to check the specific requirements of the country you plan to retire in.

What are the healthcare options for retirees abroad?

—Many countries that are popular for retirees offer affordable healthcare options. It is advisable to have a comprehensive health insurance plan in place or research the healthcare system of the country you plan to retire in.

00:00Retiring abroad on a small pension or Social Security can provide a better quality of life and lower cost of living.

01:53Belize is an attractive option with its tropical climate and affordable cost of living. The Qualified Retirement Program makes retiring in Belize straightforward for eligible individuals.

04:51Portugal offers a retirement visa, known as the D7 Visa, which is popular among non-European Union citizens. The cost of living in Portugal is relatively affordable.

07:48Costa Rica is a popular destination for retirees due to its friendly people, beautiful beaches, and affordable healthcare. The country has a large expat community and offers a retirement permit program.

09:46Thailand offers a retirement visa for those aged 50 and above. The country is known for its tropical paradise, friendly locals, and high quality of medical care at an affordable cost.