5 Safest Places to Retire Abroad for Less Than $3,000 a Month

4. Coimbra, Portugal

Insider Monkey Score: 65

Global Peace Index: 7

Environmental Performance Index: 85.7

Average Monthly Cost of Living with Rent: $1,594

Another European pick, Coimbra in Portugal has come to be known as the ‘City of Students’ due to it housing the revered University of Coimbra. A small city, Coimbra is the perfect destination for senior citizens looking to escape city life and experience slower living. A close train ride away from Porto and Lisbon, retirees can easily take day trips to explore other areas of Portugal – great for the travel bug retiree.