10 Best Places to Retire in Europe : Easiest and Affordable Options
2 min read
Located in Southern Europe, Portugal ranks 5th among the safest countries in Europe. It offers American retirees a low cost of living and a high quality of life at the same time, making it an attractive retirement spot in the EU.
AIMA’s interim report in 2025 stated that around 15% of the population is currently foreign nationals. Reflecting this trend, the number of American investors increased by 162.5% in 2023 for the Portugal Golden Visa application. So, what’s so appealing to retirement communities about Portugal?
Initially, a family of four can compensate for their basic expenses with a monthly income of 2,416.3€, excluding the rent. Dining out remains affordable, with a meal for two typically costing between €30 and €60. Monthly pass tickets are €40, and basic utilities are around €80-€130.
Healthcare benefits are also another drawing factor. If you become a Portuguese resident, you will have access to the public healthcare system, with high quality and low costs. Besides, private health insurance is available and often preferred for shorter wait times.
The weather and nature also make it an attractive spot in the European Union. The country offers an active, outdoor-friendly lifestyle year-round. While retiring in Portugal, you can engage in activities such as hiking, golfing, sailing, and cycling as well as joining retirement communities.
Retirement Visa in Portugal: D7
As an American retiree, you can stay in Portugal for up to 90 days without a visa. However, if your stay exceeds 90 days, you need a temporary residency permit. For this, Portugal offers a D7 Visa, also called a Passive Income Visa. It is ideal for US retirees with stable income from pensions, social security, or investments.
To qualify for this visa, you need to show:
- A minimum income of €820 per month,
- A clean criminal record,
- Proof of residence in Portugal.
Another route is the Portugal Golden Visa, which provides residency through qualifying investment funds starting from €500,000. Both visa types allow family inclusion and offer permanent residency and even citizenship after five years*.
*This 5-year rule may be subject to change.
