5 Best Countries To Retire Abroad in 2025: See How Much Each Costs

Some of us dream of living out our golden years abroad. Not only can this be an exciting opportunity to experience a new way of life, but it can also come with serious cost savings.

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If you want to retire abroad next year, consider one of these senior-friendly destinations that have been ranked as the best places to do so by International Living, based on real-world costs, healthcare quality, climate, lifestyle options and expert opinions. All of these destinations can provide a high-quality life at a cost significantly lower than in the U.S.

Here’s a look at the top places to retire abroad in 2025. You can also check out best and worst states to retire in 2024.

Panama

• Estimated monthly living costs: $2,400 or $2,900 for a luxury lifestyle

• Tax on foreign-earned income: $0

• Property taxes: 0.5%

• Car insurance: $57 per month

• Retiree discounts: 25% off your power bill, 50% off movie and event tickets, 20% off medical consultations and medication, 25% off meals at restaurants

• Rent for a one-bedroom furnished condo: About $1,000

• Golf club membership: $350 a month

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Portugal

• Average monthly living costs: $2,500 to $3,000 for a couple

• Rent: $1,300 to $1,500 per month

• Utilities (electricity, gas and water): $87 to $163 per month

• Two cell phones and high-speed internet bundle: $70 per month

• Groceries: $434 per month

• Private health insurance: $600 per month, covers 80% of expenses

Learn More: 5 Cities You Need To Consider If You’re Retiring in 2025

Costa Rica

• Average monthly living costs: $2,500+ for a couple

• Rent: $550 to $900 per month

• Socialized healthcare: $110 per month

• Internet: $55 per month

Mexico

• Estimated monthly costs: $1,000+

• Rent: $500 per month

• ER visit: $350

France

• Estimated monthly budget: $2,000 for a couple, excluding rent

• Rent: $600 to $950 per month

• Cost to see a doctor: $26

• Cost to see a specialist: $85

• Groceries: $600 per month for a couple

• Cost for a 3-course gourmet meal: $36

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This article originally appeared on GOBankingRates.com: 5 Best Countries To Retire Abroad in 2025: See How Much Each Costs