The World’s 12 Best Places To Retire In 2016

Would you ever consider living an expat retirement lifestyle in any of the countries below?

 

The World’s 12 Best Places To Retire In 2016

Source: Blogtrepreneur.com

31 thoughts on “The World’s 12 Best Places To Retire In 2016

    • Hi DDU,

      All great choices you mention. I guess the bottom line, like personal finance, the “best” place to retire is a very personal choice. Thanks for commenting.

    • Hi FV,

      Retirement is often more than just beaches. Of course, “endless summer” days on the Portuguese coast doesn’t sound bad either. I appreciate your comment.

    • Hi Vishal,

      My pleasure posting this graphic. I think a lot of my readers are enjoying the information presented. Thanks for sharing.

  1. We plan to move to Mexico this year and will stay there for 5 or 6 years before we make another move to either South America or Asia. The numbers don’t seem to be correct. The rent in Mexico is not 90% cheaper but more like 50% cheaper in general. The same thing applies to Colombia.
    Early Retirement in 2019 recently posted…Peru Vacation (Before)My Profile

    • Hi ERi2019,

      I think many Americans will elect to live out their retirement years in countries that give a lot more bang for the dollar. Typically, this means moving south or east. It can be tough to get an accurate cost analysis with rent, for example, as I’m sure that a wide range of rates exists depending on neighborhoods, rental sizes, etc. In general though, it’s a lot cheaper than staying in the U.S. Thank you for sharing your plans.

  2. How does the “purchasing power” work? If it says -34% lower (for example Mexico) does it mean I can buy 34% less for a dollar than in the US (so it is more expensive in there) or I it all 34% cheaper up there so I can buy 2.94x more than in the US for 1 dollar?

    • Hi Martin,

      I wasn’t 100% sure about that metric either but I would think that the dollar has more purchasing power in a country with a negative number attached to it like the Mexico example you gave. In other words, the dollar has more buying power in Mexico. Thank you for stopping by and commenting.

    • Hi Jay,

      Glad you enjoyed this graphic. I think southeast Asia is a very popular destination for many Americans seeking to outlast their retirement funds. It seems like many countries with a cheaper standard of living are trying to court an ever increasing expat population by offering many tax incentives. As always, I appreciate your comment.

  3. I’ve been to Malaysia! It’s a really nice country and plus it could be a nice place to retire. Canadian currency exchanges for 3x and USD for 4x the local currency. Using the currency exchange, one could retire there very easily. 🙂

    -Jeff

    • Hi ME,

      We often hear of Thailand as the mecca of places to retire for many Americans but I’m sure other southeast Asian countries can fit the bill just as easily. I have never been to Malaysia but I know it is a very modern and fully developed nation that offers very cheap living and can be a great retirement locale. Thank you for commenting.

    • Hi TCF,

      I’m surprised I didn’t see Ecuador nor Panama on the list. Both offer great health and living standards. Both use the USD as their official currency and the cost of living is much, much lower too. It just goes to show that there are quite a few good choices when it comes to retiring abroad. Thank you for sharing your thoughts.

    • Hi ambertree,

      I would think that most of Europe would be expensive to retire. I always thought of Central and South America along with southeast Asia as my potential picks. I liked Panama as a good central American country that was stable, developed and cheap. Thank you for sharing your thoughts.

    • Hi FS,

      Of course, there are other countries to consider that did not make the list. I had mentioned that Ecuador and Panama are both good candidates for potential retirement though your depiction of Spain certainly has its appeal. Thank you for sharing your thoughts.

    • Hi DFG,

      I think it’s the wish of every parent to be close to their kids forever but the reality is such that kids sometimes move away despite our best efforts to be near them. As always, I appreciate your comment.

    • Hi DC,

      I have never been myself but have heard great things about that part of B.C. Somehow, I think Canada can be a relatively expensive place to retire. Thank you for commenting.

    • Hi Jasmeen,

      I think the number one concern for any retiree moving abroad is how far their nest egg will go in another country. I did not expect to see India make the list but as you noted you have seen a growing expat community from the U.S., U.K., Russia and more living in India. Thank you for commenting.

  4. Hii!!
    I am looking for a best retirement community for my parents. So that i can provide them a safe and healthy environment. The retirement community provides various health care facility, assistance, safety and lot of fun activities are there. I just want better care of my parents. Thank you so much for sharing great post.

    • Hi TA,

      There are so many choices when looking for the ‘perfect’ retirement community and country. I guess it’s one of the reasons many dividend investors like health REITs. Glad you enjoyed the post.

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