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cheapest places to retire in the world

I selected those countries based on their reputation as affordable places to retire. These countries are known for having a lower cost of living, which can be particularly attractive for retirees looking to stretch their retirement savings.

Additionally, these countries have other positive attributes that may make them appealing to retirees, such as warm climates, beautiful scenery, welcoming cultures, and good healthcare systems.

However, it’s worth noting that everyone’s individual situation is different, and what may be a good choice for one retiree may not be the best choice for another. It’s important to do your own research and consider your own priorities before deciding where to retire.

  1. Thailand – Thailand is a popular retirement destination for expats due to its low cost of living, warm climate, and friendly culture. According to International Living, the average monthly cost of living for a retired couple in Thailand is around $1,000 to $1,500 USD, including rent, food, utilities, and healthcare.
  2. Nicaragua – Nicaragua is a Central American country with a low cost of living and natural beauty. According to International Living, the average monthly cost of living for a retired couple in Nicaragua is around $1,200 to $1,500 USD, including rent, food, utilities, and healthcare.
  3. Ecuador – Ecuador is a South American country with a diverse landscape and low cost of living. According to International Living, the average monthly cost of living for a retired couple in Ecuador is around $1,500 to $1,800 USD, including rent, food, utilities, and healthcare.
  4. Malaysia – Malaysia is a Southeast Asian country with a diverse culture and affordable cost of living. According to International Living, the average monthly cost of living for a retired couple in Malaysia is around $1,500 to $2,500 USD, including rent, food, utilities, and healthcare.
  5. Costa Rica – Costa Rica is a Central American country with a stable political climate, natural beauty, and low cost of living. According to International Living, the average monthly cost of living for a retired couple in Costa Rica is around $1,500 to $2,500 USD, including rent, food, utilities, and healthcare.
  6. Mexico – Mexico is a neighboring country of the United States and is popular with American retirees due to its proximity and lower cost of living. According to International Living, the average monthly cost of living for a retired couple in Mexico is around $1,500 to $3,000 USD, including rent, food, utilities, and healthcare.
  7. Panama – Panama is a Central American country that offers a pensionado program for foreign retirees, which offers discounts on healthcare, entertainment, and other expenses. According to International Living, the average monthly cost of living for a retired couple in Panama is around $1,500 to $2,500 USD, including rent, food, utilities, and healthcare.
  8. Portugal – Portugal is a European country with a warm climate, rich culture, and affordable cost of living. According to International Living, the average monthly cost of living for a retired couple in Portugal is around $2,000 to $2,500 USD, including rent, food, utilities, and healthcare.
  9. Vietnam – Vietnam is a Southeast Asian country with a rich history, beautiful landscapes, and low cost of living. According to International Living, the average monthly cost of living for a retired couple in Vietnam is around $1,000 to $1,500 USD, including rent, food, utilities, and healthcare.
  10. Colombia – Colombia is a South American country with a vibrant culture, friendly people, and affordable cost of living. According to International Living, the average monthly cost of living for a retired couple in Colombia is around $1,200 to $2,000 USD, including rent, food, utilities, and healthcare.

Again, keep in mind that these estimates are based on average costs and can vary depending on the location, lifestyle, and preferences of each individual. It’s always a good idea to do your research and make a budget before retiring in a new country.

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