As retirement approaches, many dream of spending their golden years in an idyllic location abroad, where they can enjoy a lower cost of living, better healthcare, and a more relaxed pace of life.
However, with countless options worldwide, choosing the right place can be overwhelming.
To assist with this decision, International Living has released its highly anticipated 2024 Annual Global Retirement Index, which offers invaluable guidance on the best retirement destinations across the globe.
These locations are selected based on information that came from real people living in these countries, with on-the-ground knowledge about healthcare, cost of living, and lifestyle.
From the cost of dining out to the quality of healthcare, the index covers various factors that retirees care about most.
This year’s rankings include some familiar countries as well as a few rising stars, with Costa Rica leading the pack.
Top 10 Retirement Destinations for 2024:
10. Colombia
Rounding out the top 10 is Colombia, which is gaining recognition as an affordable and beautiful place to retire.
Known for its diverse landscapes and vibrant cities, Colombia offers retirees great healthcare, warm weather, and an ever-growing expat community.
9. France
France, with its world-class cuisine, charming villages, and rich cultural heritage, is an excellent retirement destination for those looking for an affordable yet sophisticated lifestyle.
While Paris may be pricey, many regions in the French countryside offer a relaxed and affordable lifestyle.
8. Malaysia
Malaysia stands out for its excellent healthcare system, affordable cost of living, and unique blend of cultures that offer a fascinating lifestyle.
Whether in the cosmopolitan city of Kuala Lumpur or on the island of Penang, retirees can enjoy high-quality living at a fraction of the cost in Western countries.
7. Greece
Greece offers retirees a picturesque Mediterranean lifestyle, with beautiful islands, rich cultural heritage, and delicious cuisine.
The affordable cost of living, particularly outside of major cities, and the slower pace of life make Greece an attractive retirement option.
6. Ecuador
Ecuador has long been a popular destination for retirees, thanks to its affordable cost of living and access to high-quality healthcare.
The country’s diverse landscapes, from the Andes mountains to the Amazon rainforest, offer retirees a wealth of experiences.
5. Spain
Spain offers retirees a mix of Mediterranean beauty, rich history, and an enviable lifestyle.
With a low cost of living and top-notch healthcare, Spain provides numerous appealing destinations, from the beaches of Costa del Sol to the cultural heart of Barcelona.
4. Panama
Panama is known for its modern infrastructure, convenient proximity to the US, and its famous retirement incentive program, the Pensionado.
The country offers stunning landscapes, a low cost of living, and access to quality healthcare, making it an attractive option for expats.
3. Mexico
Mexico continues to be a top choice for retirees looking for a close-to-home option with warm weather, friendly locals, and an affordable cost of living.
Popular destinations like Puerto Vallarta and San Miguel de Allende provide vibrant expat communities and excellent healthcare options.
2. Portugal
Portugal remains a favourite for retirees, thanks to its welcoming culture, temperate climate, and high quality of life.
From the coastal charm of the Algarve to the vibrant city life of Lisbon, Portugal offers a variety of lifestyle options.
Its relatively low cost of living and affordable healthcare adds to its appeal.
1. Costa Rica
Costa Rica tops the list as the best place to retire in 2024. Known for its stunning natural beauty, warm climate, and excellent healthcare system, Costa Rica offers retirees a peaceful and affordable lifestyle.
The country’s “Pura Vida” (pure life) philosophy resonates with many, providing a sense of community and well-being.
