As Americans seek more affordable living, enriching lifestyles, and a break from toxic political climates, many are eyeing retirement options overseas.
A recent exploration identifies 24 countries and 96 enticing locales, taking into account factors such as cost of living, healthcare quality, language barriers, crime rates, climate risks, and the warm reception U.S. retirees can expect.
Take Jeff Hammerberg and Merlin Parker, for example.
After two decades on a moving journey from Colorado to California and finally to Texas, this couple concluded their recent life chapter in Austin.
Despite Austin’s appeal and liberal ethos, they found themselves burdened by the rising costs and the political climate in Texas, which did not align well with their identity as a gay couple.
In March, they took a bold leap and relocated to Lisbon, Portugal, bringing along their beloved Corgi mix, Wally.
Portugal’s welcoming culture captivated them.
They settled into a charming three-bedroom apartment for $3,700 monthly in the vibrant Saldanha neighborhood, known for its tree-lined streets.
In contrast to their previous lifestyle, they’ve found healthcare expenses to be significantly lower.
With no need for a car, they navigate the area by foot or subway, and they’re delighted to find themselves ahead financially.
Traveling throughout Europe is a breeze, and returning to the U.S. takes just a seven-hour flight, making it easy to visit family back in the Midwest.
While many retirees opt to stay within U.S. borders for their latter years—a choice reflected in Forbes’ other domestic rankings—more Americans are now considering the allure of international living.
By the end of 2024, an impressive 712,000 Americans abroad were collecting Social Security benefits, marking a 21% increase over the past decade.
The day-to-day costs of living abroad present a compelling case for many.
Alongside this, countries like Greece, Portugal, and Costa Rica are rolling out friendlier policies for retirees interested in supplementary work opportunities.
The advent of “digital nomad” visas enables American expats to immerse themselves in local cultures while working remotely for foreign employers, offering a fantastic way to test the waters before fully committing to life abroad.
The current U.S. political climate also plays a role, with spikes in online activity regarding foreign retirements linked to election outcomes.
An astounding seven-fold increase in traffic to retirement listings was observed following Donald J. Trump’s re-election announcement in November 2024, as surveys indicated that nearly 20% of individuals nearing retirement might consider relocating outside the U.S.
However, making that leap isn’t something to take lightly.
Careful research is paramount, which is why Forbes compiled its list of the Best Places to Retire Abroad in 2025. This comprehensive guide highlights 96 attractive spots in 24 countries spread across four continents, including ten destinations in Europe.
When curating these locations, considerations included not just living expenses and tax implications, but also healthcare quality, accessibility to family, crime, political conditions, and the potential for social isolation, particularly in regions where English isn’t widely spoken.
The evolving landscape of visa processes is also a critical factor; potential retirees must stay informed about U.S. policies that could influence their experiences abroad.
An essential aspect of this year’s report is the attention given to climate risks and natural disaster potential, which notably kept the Philippines absent from the list due to its ranking in the World Risk Report.
Those contemplating a move can find further guidance, valuable data sources, and insight into the decision-making process.
The countries on the list are broken down alphabetically, making it easy for prospective expatriates to explore their options.
Among the highlighted nations, Albania stands out with its Mediterranean climate and dramatically lower living costs.
Meanwhile, Costa Rica attracts many with its diverse natural beauty and friendly populace.
Austria offers a sophisticated culture and excellent healthcare, albeit at a higher price point.
From the sunny shores of Portugal and enchanting landscapes of Italy to the vibrant streets of Mexico, the list encompasses a variety of lifestyles and budgets, allowing retirees to imagine a fresh, fulfilling chapter in a new country.
Whether moving for financial advantages or a desire for different cultural experiences, the best places to retire abroad in 2025 are brimming with opportunities for adventure and comfort alike.
