5 Best Places to Retire Around the World

In this article, we will take a look at the 5 best places to retire around the world. If you wish to check out our detailed analysis on retiring overseas and on a budget, go to 15 Best Places to Retire Around the World.

5. Portugal

Insider Monkey Score: 5

Retirees looking for a high quality of life at an affordable cost can choose Portugal. On average, single individuals can expect to live on $2,000 per month, while couples sharing rent and other expenses can comfortably live on $3,000. Offering a pleasant climate, rich culture, and stunning landscapes, the country is a dream come true for retirees. Its prime location on the Iberian Peninsula, coupled with an excellent transportation network, grants retirees with the perfect opportunity to embark on travel adventures to other European countries. Algarve, Lisbon, and Porto are popular places to retire within Portugal. Retiring here requires individuals to have a passport, proof of income, and also health insurance.