15 Most Affordable Places To Retire Abroad

Retirement, for many Americans, may require relocating to another country. Key findings from a September 2023 GOBankingRates survey indicate that 94% of overall respondents have $500,000 or less saved for retirement. Nearly half of Americans, at 48%, said they think $500k or less in retirement savings will be enough money.

And if it’s not enough? The good news is there are many countries where retirees would be able to comfortably retire with $500,000. Utilizing data from two GOBankingRates’ studies on the best European cities to retire on $2,500 or less a month and a study on the most affordable places to retire abroad, we were able to determine a shortlist of countries where this amount of money can go the distance.

In alphabetical order, these seven countries are ideal for retiring on $500,000 in savings.