5 Best Places to Retire If You Have No Savings

4. Castelo Branco, Portugal

Insider Monkey Score: 15

Castelo Branco, Portugal, offers an enticing proposition as the best place to retire if you have no savings, boasting a low cost of living along with serene landscapes and a rich historical backdrop. Nestled in the heart of Portugal, retirees can lead a comfortable lifestyle here with monthly expenses ranging between $1,000 and $1,200. The healthcare system in Castelo Branco is commendable, with accessible services and English-speaking healthcare professionals. The city’s mild climate, tranquil countryside, and vibrant cultural life provide a perfect setting for retirees seeking an affordable yet enriching European experience without the need for a large savings account.