You Don’t Have to Be a Millionaire to Retire in These 12 Luxury Places Abroad

Retiring abroad can be a dream come true, especially in places where your savings stretch further without compromising on quality of life. For this study, GOBankingRates selected measures of affordability, luxury, as well as quality of life and safety. GOBankingRates began by analyzing 131 countries’ overall cost of living index score for each country, local purchasing power, which measures the local buying power of typical incomes, groceries cost of living index score, healthcare quality index score and crime index score.

Estimates for each country were then created by averaging these rent figures, combined with ChatGPT to calculate this data and data on retirement luxury. All data used for these five factors was sourced from Numbeo and calculated by ChatGPT. Here are 12 destinations abroad where you can retire in luxury without needing a millionaire’s budget.