Currently, there are about 10,000 people turning 65 each year, and 65 is the age to retire.

After many years of hard work, retiring is a welcome stage of life. Many people end up moving to different parts of the world. However, moving becomes costly, and many of the average retirement income is a little over $40,000.

What is the best place to retire in the world on a budget? There are a few great options. Here they are.

1. Vietnam

You might not think of Vietnam as a place to retire, but it can be extremely economical and beautiful!

The rent could be between $200-400 per month, not including utilities, and depending on the location, the views could be stunning and gorgeous. The culture is warm and welcoming, and you could have views of beaches, mountains, and valleys.

The economy is up-and-coming and many people speak English.

2. Costa Rica

With its stunning scenery, Costa Rica is an ideal place to retire, especially if you love the beach life, and Suddenly Senior agrees. Not only is it a tropical atmosphere, but there’s so much going for Costa Rica besides its tourism.

Costa Rica is beautiful and vast, with unlimited outdoor activities! The healthcare system ranks as one of the best, and the cost of living is decent. The Costa Ricans are friendly and love inviting people into their culture.

In Costa Rica, you’re sure to live out your years enjoying the best retirement on a budget.

3. Mexico

Mexico is another wonderful location to consider for retirement. You might think that Mexico is a tropical location, but in reality, there are many different environments that are suitable for anyone! Whether you prefer summer or spring-like weather, there is a climate you can choose to live in.

Mexico also is economical to live in as well depending on your location.

4. Malaysia

If you’re more concerned about medical costs than relaxing on sandy beaches, look no further than Malaysia.

The cost of healthcare in Malaysia is low, but quality, costing less than $100 for a medical exam (depending on your needs), with low-wait times. Medical care is a serious concern for those retiring due to possible rising health-care costs.

As other countries show, Malaysia offers incredible climates, and you don’t even need to learn another language, because many people speak English!

5. Portugal

Portugal is a beautiful place that’s rich with culture and opportunities. The people are kind, friendly, hospitable, and meals and living are extremely affordable, as well as healthcare.

Portugal is also an incredibly peaceful country, with an atmosphere that values entertainment, having an active social life, and a laid-back lifestyle. You can choose to live in the hustle and bustle of the city, or along the white sandy beaches

You’ll also experience great healthcare, easy transportation options, and English is spoken widely, so there’s no need to learn a new language.

Best Place to Retire in The World on A Budget

These are amazing places to retire, but the best place to retire in the world on a budget is anywhere that you love! Retirement only happens once, so make sure you choose somewhere that you enjoy.

Do you need more lifestyle tips for your retirement? We’ve got you covered! Our website has everything you need to know.

Leave a Reply

Your email address will not be published. Required fields are marked *