Here, we discuss the top 10 cities/towns for 50-year old people with no retirement savings. Explore our detailed “I am 50 Years Old and Have No Retirement Savings” analysis and check out the consequences of lacking retirement savings, the best ways to boost them, as well as the cheapest places to retire on social security.
10. Split, Croatia
Cost of Living: $1,093
Another cheapest place to retire on social security is Split, Croatia. Offering a Mediterranean climate, stunning natural beauty, and rich history, Split is a nice blend of history and modern age. Croatia’s healthcare is well-regarded, and Split is no different as it is a major city. The social scene is pretty vibrant, too, with many cafes, restaurants, and cultural events happening throughout the year.
9. Caldas da Rainha, Portugal
Cost of Living: $1,073
Retire in Portugal’s Silver Coast, in Caldas da Rainha, Portugal, for great weather, reputable healthcare, and affordable living. Engulfed with beautiful beaches, the city is increasingly becoming a top spot for expats from around the world. The locals are very warm and welcoming, and the growing expat community is also a plus.
8. Kranj, Slovenia
Cost of Living: $1,050
Kranj, the cultural heart of Slovenia, offers retirees a breathtaking natural backdrop to savor, along with a moderate continental climate and distinct seasons. The crime rate is low, the healthcare system is well-developed, and plenty of modern amenities exist. The cost of living in Kranj is relatively cheaper than in other European cities.
7. Braga, Portugal
Cost of Living: $1,015
Braga, Portugal, offers retirees the chance to experience the authentic Portuguese lifestyle in a lively and safe setting. The city offers a relaxed vibe, complimented by nice beaches and lush greenery. It has all the modern amenities, and the healthcare system is well-developed to cater to the needs of retirees.
6. Ipoh, Malaysia
Cost of Living: $1,000
In Perak, Malaysia, Ipoh is a retiree’s haven thanks to the comfortable climate, affordable living, and well-established healthcare. The king of bean sprouts is a food paradise, offering some of the best local foods at reasonable prices. There is a growing expat community, and the city is safe to retire in overall.
5. Tanjung Bungah, Malaysia
Cost of Living: $1,000
The seaside town of Tanjung Bungah is located on the island’s northwest coast, offering a pleasant climate and easy access to the beach. There is an abundance of good food, resorts, and expats in the place. The food scene is also vibrant, and plenty of modern amenities are available for retirees.
4. Koh Samui, Thailand
Cost of Living: $847
Retirees looking for a luxurious lifestyle on an affordable budget should know that Koh Samui is the paradise they are looking for. Soak up the sun on world-class beaches, experience the rich Thai culture, and socialize with the expatriate community when you retire to this part of Thailand. Residents also love to indulge in water sports, hiking, and exploring nearby islands.
3. Murska Sobota, Slovenia
Cost of Living: $786
One of the cheapest towns in Slovenia, Murska Sobota offers retirees to enjoy a traditional, self-sustainable living with abundant farmland, rolling hills, and vineyards. The locals are very welcoming, the healthcare system is well-developed, and all essential amenities are available for living easily.
2. Timișoara, Romania
Cost of Living: $762
Timișoara, Romania is one of the cheapest places to retire if you have little to no retirement savings. It is widely known for its Secessionist architecture, historical landmarks, and similar cultural amenities. The city of flowers, also known as Little Vienna, offers numerous parks, lush greenery, and well-developed public transportation for retirees. The decent healthcare, moderate climate, and expanding expats community are a plus.
1. Chiang Mai, Thailand
Cost of Living: $600
Chiang Mai, Thailand, is the cheapest place to retire on our list for retirees looking for affordable living, well-established healthcare, and a sizable expat community. There are numerous outdoor activities available to enjoy, and it is one of the most English-friendly cities in Thailand.
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