The Best Countries for Americans to Retire in 2025

Reaching your retirement marks the end of one chapter and the beginning of a thrilling new one. For many Americans, the dream of golden years spent exploring new horizons is more attainable than ever. But with so many destinations vying for your attention, how do you decide where to retire abroad?

Whether you’re drawn to the timelessness of Europe, the tropical allure of Central America, or the natural beauty of New Zealand, this guide will help you navigate the best countries for Americans to retire in 2025 and provide fantastic options for any retiree looking to move abroad.

Our picks for the top ten countries to retire abroad for Americans in 2025 are backed by the latest research from the Global Citizen Solutions Retirement Index for US retirees.

What is the Global Citizen Solutions Retirement Index for US Retirees?

The Global Citizen Solutions annual global retirement index ranks countries for US retirees based on the following indicators:

1. Quality of life
2. Security and integration
3. Economic factors.

It draws on trusted data sources (Numbeo data, Global Peace Index, Migrants Acceptance Index, and English Proficiency Index) to inform and compare living costs, healthcare, climate, safety, openness to foreigners, English proficiency, and tax policies. Travel convenience to the US is also factored in.

All data is standardized and weighted by importance to retirees. Each country’s final score reflects how suitable it is overall for US retirees, making it possible to rank the top destinations.

Top Ten Best Places for Americans to Retire Abroad

There is a wide range of great options to retire abroad, and your ideal retirement destination will largely depend on your preferences and desired lifestyle.

Get to know each of the top retirement countries for Americans below:

1. Spain

GIU Retirement Index ranking: 1 

Kicking off our top 10 countries to retire in 2025 is Spain. Retiring here is relatively affordable, with cities like Madrid and Valencia offering living costs up to 50–70 percent lower than New York. Depending on lifestyle and housing, retirees can live on about $2,000–$2,500 (€1,900–€2,400) per month, with smaller cities offering even more budget-friendly options.

Spain’s rich culture, including fiestas, flamenco, and tapas, offers a rich social life, while its diverse climate ranges from the sunny Andalusia to the lush, cooler landscapes of Galicia and the Basque Country.

Pros and cons for Americans retiring in Spain

Though retiring in Spain can be appealing, it also comes with potential downsides for Americans, including navigating Spanish bureaucracy, language barriers, cultural adjustments, and financial considerations like taxes and healthcare costs.

However, Spain’s high-quality healthcare system, both public and private, is affordable and accessible, with private health insurance starting around $55 (about €47) per month and the Convenio Especial program is available for expats not eligible for free public coverage.

The country has a low crime rate overall, though petty theft can occur in tourist areas. Favorable tax policies, including double taxation agreements and programs like the Beckham Law, which offers reduced income tax rates for certain foreign workers, make Spain appealing to US retirees.

Additionally, US retirees can transfer their pensions and other retirement accounts to Spain, ensuring they can access their money abroad, and a bilateral agreement ensures that US Social Security benefits can be received without interruption.

Moving to Spain

Since the Spain Golden Visa program ended in April 2025, the Digital Nomad Visa and the Non-Lucrative Visa stand out as two of the most attractive options for securing residency in Spain.

The Spain Digital Nomad Visa, also called the Spain Telework Visa, allows non-EU citizens to live and work remotely in Spain, provided they meet certain professional and financial requirements.

Meanwhile, the Non-Lucrative Visa is specifically designed for non-EU citizens seeking to live in Spain without engaging in work or business activities, making it an ideal choice for those planning a peaceful and leisurely retirement.

2. Portugal

GIU Retirement Index ranking: 2 

For many wondering what country is best to retire in, Portugal would be a top pick. Retiring in Portugal is an increasingly popular choice for expats seeking an affordable, relaxed lifestyle in a culturally rich and welcoming environment.

While the cost of living is more expensive in the major expat cities, such as if you retire in Lisbon or Porto, costs remain manageable compared to major US cities and you could get by on around $1,900–$2,600 (€1,800–€2,500) per month, depending on your lifestyle and housing choices. In smaller cities, you can live comfortably on a lower budget of $1,500–$2,000 (€1,400–€1,900) per month.

Portugal’s quality of life and warm climate, with over 300 days of sunshine annually in some regions, add to its allure. The best place to retire in Portugal will depend on your preferences. While Lisbon and Porto are top choices, coastal towns like the Algarve offer golden beaches and a laid-back lifestyle, while central and northern areas like the Douro Valley and Braga provide slightly cooler climates and scenic landscapes.

Portugal’s rich culture and history are evident in its stunning architecture, from the tiled facades of Lisbon to the medieval castles scattered across the countryside.

Pros and cons for Americans retiring in Portugal

Portugal provides high-quality healthcare for retirees through its public Serviço Nacional de Saúde (SNS) and private healthcare services. While public healthcare is mostly free and efficient, private insurance offers quicker access to specialists and English-speaking professionals, appealing to expats. Private medical plans start from $50 (€43) per month but can be more expensive depending on the coverage required.

Portugal is well-connected to the US, with direct flights from Lisbon and Porto to major cities like New York and San Francisco, ensuring easy travel.

US retirees benefit from Portugal’s tax policies, including the new IFICI (NHR 2.0) tax regime. A tax treaty between the US and Portugal also prevents double taxation, and US pensions can be easily received in Portugal, making it financially attractive for American retirees.

With a reputation for safety in Portugal, a strong sense of community, luxury care homes in Portugal, and English widely spoken in urban and expat areas, Portugal makes the transition to retirement life smooth and enjoyable. However, similar to Spain, language barriers, slower bureaucratic processes, and high tourism in key cities during peak seasons can impact daily life.

Moving to Portugal

Alongside being one of the best places to retire in the world, retiring to Portugal is quite straightforward. The Portuguese government offers ample retiree visa options to make moving to the country simple. The most popular option for retirees is the Portugal D7 Visa, also known as the Portugal Retirement Visa, perfect for those who earn passive monthly income such as pension income, savings, or rental income.

The Portugal Golden Visa is also another strong option, where retirees can get a residency permit for a minimum qualifying investment in the country, starting at €250,000 (about $264,580).

If you are curious about settling in Portugal, you can compare Portugal vs US real estate in our full guide to see how housing prices differ, too.

3. Costa Rica

GIU Retirement Index ranking: 3 

Retiring in Costa Rica is an attractive option for expats seeking a tropical lifestyle, affordable living, and high-quality healthcare. The cost of living is up to 50 percent lower than in the US, and you should be able to live comfortably on $1,000–$2,000 per month, depending on location and lifestyle.

Coastal areas like the Pacific and Caribbean coasts are slightly pricier, while towns in the Central Valley offer more budget-friendly options.

Costa Rica’s tropical climate features a distinct rainy season from May to November and dry season from December to April. The country is known for its stunning natural beauty, from pristine beaches to lush rainforests, and its biodiversity offers endless opportunities for outdoor activities.

Pros and cons for Americans retiring in Costa Rica

Costa Rica offers high-quality, affordable healthcare, ranked among the best globally. The public system, CAJA, provides universal coverage at low monthly rates based on income, while private healthcare offers faster service and is still far cheaper than in the US. Nicoya, a blue zone in Costa Rica, is known for residents who live longer and have lower rates of chronic disease.

The country is well-connected to the US, with direct flights to cities like Miami and New York, making travel easy. Its territorial tax system only taxes income earned within Costa Rica, which appeals to retirees.

Costa Rica is safe and welcoming for expats, ranking first on the 2024 InterNations Ease of Settling In Index. English is also widely spoken in urban and tourist areas, and its commitment to sustainability and community adds to its global appeal.

However, there are downsides to consider, including rising living costs in some areas, potential language barriers, bureaucratic challenges, infrastructure issues like power outages, and crime concerns such as petty theft in certain regions.

Moving to Costa Rica

To move to Costa Rica, retirees can research the Pensionado Program, Costa Rica’s retirement visa. To qualify, you’ll need a minimum monthly income of $1,000, transferred into a bank based in Costa Rica to withdraw expenses, and you will need to stay in the country at least one day per year.

4. Uruguay

GIU Retirement Index ranking: 4 

While Uruguay may not be the first country that comes to mind when considering the best countries to retire to from USA, Uruguay offers retirees an exceptional quality of life, combining safety, affordability, and natural beauty that makes it a truly remarkable retirement destination.

This temperate South American haven stands out as one of the safest countries in the region, providing peace of mind for those seeking a tranquil retirement abroad.

Uruguay offers a rich tapestry of experiences for retirees. The country welcomes migrants with open arms, and retirees can explore charming towns, pristine beaches along the Atlantic coast. From the historic streets of Montevideo to the elegant resorts of Punta del Este, there’s no shortage of beauty to discover.

Pros and cons for Americans retiring in Uruguay

One of Uruguay’s most attractive features for retirees is its exceptional healthcare system. The innovative mutualista healthcare model provides comprehensive medical coverage for just $100 to $200 monthly, offering high-quality care at a fraction of the cost in North America.

Uruguay’s capital city, Montevideo, is incredibly affordable, with living costs significantly lower than major North American urban cities. You can enjoy a comfortable lifestyle for around $1,200-$2,200 per month depending on lifestyle and housing choices.

Uruguay has no tax treaty with the US, so American expats may owe taxes in both countries, though US tax breaks can help reduce the tax bill. Another saving grace is that Uruguay offers the option of an 11-year tax holiday on foreign income, making Uruguay appealing for foreign investors.

Additionally, the US-Uruguayan Social Security Agreement allows for the potential portability of US pension and social security benefits.

Downsides to bear in mind when considering retiring in Uruguay include a higher cost of living compared to some other South American countries and a potential language barrier with Spanish being the primary language.

Moving to Uruguay

Uruguay provides an exciting retirement visa option, also known as the Pensionado Visa. To qualify, you’ll need a monthly income of $1,500, which can come from social security, pension funds, or annuities. You’ll also need a clear criminal background check and proof of health insurance.

5. Mexico

GIU Retirement Index ranking: 5 

Retiring in Mexico means affordability, warm hospitality, and rich cultural experiences. The cost of living is dramatically lower than in major US cities, with consumer prices and rent in Mexico City being about 60 percent less expensive than in New York.

Retirees can enjoy a comfortable lifestyle on a modest budget of $1,200-$2,000, with diverse living options from tropical beaches to colonial towns that cater to various preferences.

With a relatively expat-friendly tax system, multiple healthcare options, warm climate, and welcoming culture, Mexico presents an attractive retirement destination for those seeking adventure, comfort, and a high quality of life at an affordable price.

Pros and cons for Americans retiring in Mexico

Mexico’s healthcare system is a major draw, with high-quality medical care and comprehensive health insurance available at a fraction of US costs. Many doctors are trained internationally, ensuring professional and personalized medical services, especially in the private healthcare system. However, the quality of public healthcare may vary.

Mexico places second on the InterNations Ease of Settling In rankings, a testament to the welcoming nature of the country. Cities like Yucatán and Campeche are particularly recommended for their safety and charm, offering retirees a chance to immerse themselves in a rich cultural landscape with world-class cuisine, vibrant festivals, and historical sites.

US retirees can easily receive their US pensions and Social Security benefits while living in Mexico, and, generally, US retirees living in Mexico who don’t earn income within Mexico are not subject to Mexican income tax on their US-sourced retirement income.

Additional downsides to consider before retiring in Mexico include safety concerns in certain areas, and language barriers, considering most people speak Spanish, the official language.

Moving to Mexico

Retirees can apply for Mexico’s Temporary or Permanent Resident Visa. Applicants can apply through various pathways, including demonstrating financial solvency, work or study arrangements, or family ties.

6. New Zealand

GIU Retirement Index ranking: 6 

New Zealand offers a peaceful retirement lifestyle amidst some of the world’s most breathtaking natural landscapes. Renowned for its outdoor-oriented culture and exceptional quality of life, the country provides retirees with a perfect blend of adventure and tranquility.

The stunning environment ranges from rolling hills and dramatic fjords to pristine beaches, creating a picturesque backdrop for those seeking a serene yet engaging retirement experience.

Financially, New Zealand offers a slightly more affordable living environment compared to major cities in the United States, with consumer prices and housing costs being relatively affordable, depending on where you settle. You should be able to live comfortably on about $2,000 to $3,000 per month, depending on location and lifestyle.

Pros and cons for Americans retiring in New Zealand

New Zealand’s healthcare system stands out as a significant advantage for retirees, with comprehensive universal coverage that ensures free or low-cost medical services for residents. However, eligibility for publicly funded healthcare depends on your visa status and length of stay.

The robust healthcare infrastructure, combined with New Zealand’s status as the third safest nation globally, according to the 2025 Global Peace Index, provides American retirees with peace of mind and a sense of security.

The country’s welcoming attitude towards migrants, ranking third in the Gallup Migrant Acceptance Index, ensures that expat retirees can easily integrate into the local community and enjoy a warm, inclusive environment. The US-NZ Double Tax Agreement also makes tax filing simpler for US retirees in the country.

That said, downsides of retiring in New Zealand include a higher cost of living compared to most other countries on our list, and the significant distance from family and friends in the US. Additionally, as mentioned, accessing healthcare can present challenges if you have a short-term visa.

Moving to New Zealand

As one of the safest places to retire in the world, and with some of the most beautiful scenery waiting to be discovered, New Zealand has much to offer. To move to New Zealand, a retiree’s best option is the Temporary Retirement Visitor Visa, which allows you to stay in the country for up to two years after an investment in the country.

This visa requires a heavier investment than most other countries on this list. It requires NZD $750,000 (about USD $440,000) to invest in New Zealand, plus an additional NZD $500,000 (USD $293,380) to live on and an annual income of NZD $60,000 (USD $35,205) or more. You will also need to be 66 years of age or older to qualify.

7. Italy

GIU Retirement Index ranking: 7 

Italy’s timeless beauty, historic sites, and culinary excellence make it a dream retirement destination. From bustling cities to serene countryside, it offers something for everyone. Whether savoring gelato in Florence or sipping an espresso in Rome, every moment feels special. The Mediterranean climate ensures pleasant weather for much of the year.

The cost of living is lower than in major US cities, with relatively affordable housing, dining, and groceries. You can live comfortably in cities like Rome or Milan for around $2,500–$3,200 (€2,123 – €2,715) per month, depending on lifestyle and location.

Pros and cons for Americans retiring in Italy

Italy’s healthcare system provides high-quality, comprehensive care through public and private options. Legal residents can access the public healthcare system, but expats must secure private insurance initially. The country’s connectivity to the US is excellent, with direct flights to Rome and Milan averaging eight hours.

American expats benefit from Italy’s double taxation agreement with the US, preventing dual taxation on pensions and income. While English proficiency varies, northern cities show higher levels of fluency.

US citizens retiring in Italy benefit from a social security agreement between the two countries that allows them to receive their pensions there and helps avoid double taxation.

Italy shares many of the same challenges American retirees may face in other European countries, such as cultural differences, language barriers, and complex bureaucracy. In certain cities, like Milan and Rome, the cost of living may also be higher than in many states in the USA.

Moving to Italy

The Italy Golden Visa offers residency in exchange for an investment in the country’s economy, with the minimum investment being €250,000 (about $264,580) invested in qualifying startups.

The Elective Residency Visa in Italy is another solid option for retirees with a sufficient passive income.

8. Canada

GIU Retirement Index ranking: 8 

Canada is one of the best countries to retire for US citizens if you are seeking proximity to family in the US while enjoying a high quality of life. The English-speaking country is currently ranked first on the Migrant Acceptance Index.

Retiring in Canada offers US expats diverse climates, from Vancouver’s mild, oceanic weather to Alberta’s colder continental conditions.

The cost of living is slightly lower than in major US cities, with Toronto and Vancouver offering substantial savings on housing, dining, and consumer goods compared to New York City. Still, you will need about $2,500-$3,500 per month to live in Canada comfortably, depending on location and lifestyle.

Pros and cons for Americans retiring in Canada

Canada’s healthcare system provides excellent care, with public healthcare accessible to permanent residents and private health insurance covering gaps for newcomers. Private plans are a little pricier than some other countries on our list, and can average over $4,000 annually for retirees, depending on individual needs.

Direct flights between major US and Canadian cities, such as New York to Toronto or Vancouver, are affordable and quick, enhancing connectivity.

Expats benefit from the Canada-US Social Security Totalization Agreement, which prevents double taxation and simplifies US citizens’ access to social benefits and pensions.

With its natural beauty, multicultural communities, and accessible healthcare, Canada is an appealing retirement destination.

However, potential downsides of Americans retiring in Canada include the higher taxes and cost of living in some provinces, and the harsh Canadian winters. Additionally, there’s no dedicated retirement visa, requiring Americans to qualify through other immigration pathways.

Moving to Canada

Canada doesn’t offer a retiree-specific visa option, and it can be challenging to get residency in the country. If you already have family living in Canada, you can immigrate through family sponsorship. If not, the Visitor Visa is a temporary solution, allowing you to stay in the country for up to six months. The Express Entry visa is a good long-term option for skilled workers, too.

9. Ireland

GIU Retirement Index ranking: 9 

Ireland offers a quaint lifestyle with picturesque villages and vibrant cities like Dublin. The weather is cool and damp, but the stunning greenery more than compensates.

Retirees are free to explore historic castles and enjoy traditional music in the country, and many also join walking clubs or community theater groups. The pub culture is also a great way to socialize.

Although living costs in Dublin are lower than in New York, housing and groceries remain significant expenses. You will need about $3,000-$4,000 (€2,550 – €3,400) per month to live in Dublin comfortably.

Pros and cons for Americans retiring in Ireland

The public healthcare system, managed by the HSE (Health Service Executive), is accessible to residents and expats but often involves long wait times, leading many retirees to opt for private health insurance for quicker access.

Ireland is ranked highly for safety, and, after Iceland, is the safest place to retire in the world, holding the second position in the 2025 Global Peace Index. The country is also welcoming to migrants, ranking 10th globally in the Migrant Acceptance Index.

US retirees may benefit from the US-Ireland Totalization Agreement to avoid double taxation and will have access to US pensions and benefits.

Americans wishing to retire in Ireland should also be aware of the higher cost of living compared to other top retirement countries on this list, particularly in Dublin, and the unpredictable weather. Additionally, while Ireland has a public healthcare system, it’s not entirely free, and the public transport in rural areas can be limited.

Moving to Ireland

The Irish Retirement Visa is a strong option for US retirees, requiring you to provide evidence that you can support yourself financially, by showing that you earn at least €50,000 ($58,880) per year, or €100,000 ($117,762) if you are moving as a couple.

10. France

GIU Retirement Index ranking: 10 

France combines elegance, history, and a high quality of life, making it a firm favorite for American retirees. From Parisian sophistication to Provence’s rustic charm, it offers endless variety.

Retiring in France offers a variety of climates, from the cooler, rainy north to the warmer, sunnier south, catering to diverse preferences.

Despite a higher cost of living compared to many countries, Paris is notably more affordable than New York, especially in terms of housing and dining. You could live in France for around $2,700 to $3,200 (€2,293 – €2,718), depending on lifestyle and location.

Pros and cons for Americans retiring in France

The country’s healthcare system is highly regarded, offering universal coverage through the public system (PUMA) after a three-month residency, supplemented by affordable private health insurance options.

France is generally safe for expats, though vigilance is advised in crowded areas. France is a culturally rich destination, with world-class museums, historic landmarks, and a deep appreciation for art, gastronomy, and leisure.

Its well-connected transport system makes it easy to explore the country or even nearby European destinations during your retirement. Direct flights from the US to France primarily connect major US cities like New York, Los Angeles, Chicago, and Washington D.C. to Paris.

US citizens will be glad to know that you can receive your US social security benefits and pensions in France, which can be directly deposited into a French bank account. The Totalization Agreement between the US and France also prevents double taxation of these benefits.

Some of the downsides of retiring in France include navigating the complexities of the French tax system, potential language barriers, and the French bureaucracy can also be frustrating.

Moving to France

The Long-Stay Visa is a good option for moving to France, with the main requirement being to provide evidence that you will be able to support yourself financially during your stay in the country.

Final Thoughts

With proper research, planning, and the right mindset, retiring abroad could be your greatest adventure yet. Of course, it does not hurt to have some help along the way. If you are ready to begin your new chapter, chat to the migration experts at Global Citizen Solutions, for tailored advice on your next move.

If you have your heart set on Portugal, consider making Goldcrest your partner for finding your dream retirement home and making your move easy and comfortable. As Portugal’s first buyer’s agent, we work on your behalf and to your specifications to find your ideal home in Portugal. As a personal service tailored to you, your needs come first every step of the way. You can contact us for a commitment-free chat.