5 Best Places to Retire If You Have No Savings

3. Chiang Mai, Thailand

Insider Monkey Score: 17

Chiang Mai, Thailand, captivates with its unique combination of low living expenses and rich cultural tapestry, offering an affordable lifestyle on a budget of $900 to $1,400 monthly. It’s recognized as the best place to retire if you have no savings due to its serene temples, lively street markets, and picturesque natural landscapes. The healthcare in Chiang Mai is commendable, boasting affordable, high-quality services with many English-speaking professionals. Welcoming visa policies and beneficial taxation agreements for foreign retirees underscore its attractiveness. Enveloped in history and natural beauty, Chiang Mai presents an inviting, cost-effective haven for retirees seeking a fulfilling and vibrant retirement without a substantial savings cushion.