Thinking about retiring abroad? You’re not alone. More Americans over 50 are choosing to spend their retirement years overseas—chasing lower living costs, better climates, and richer life experiences.
But how do you actually make it happen? What countries are welcoming to retirees in 2025? And how do you handle the financial, legal, and lifestyle shifts?
This 2025 guide to retiring abroad breaks it all down for U.S. citizens age 50 and older—from finding the best destinations to navigating visas, healthcare, and finances with confidence.
Why Retiring Abroad Is Gaining Popularity
With rising costs of living, healthcare expenses, and housing prices in the U.S., retiring overseas can be an affordable and fulfilling alternative. Many destinations offer:
- Lower day-to-day expenses
- High-quality healthcare
- Warm weather and scenic beauty
- Expat communities for social connection
- A slower, more relaxed pace of life
Best Countries to Retire Abroad in 2025
Here are five top-rated retirement destinations for Americans in 2025 based on affordability, safety, healthcare, and ease of residency.
1. Portugal
- Why it’s great: Affordable cost of living, mild climate, excellent healthcare, and strong expat support
- Visa to look into: D7 Passive Income Visa
- Monthly budget: $2,000–$2,800
2. Mexico
- Why it’s great: Close to the U.S., vibrant culture, great healthcare, and many established expat hubs (Ajijic, San Miguel de Allende, Mérida)
- Visa to look into: Temporary or Permanent Resident Visa
- Monthly budget: $1,600–$2,500
3. Costa Rica
- Why it’s great: Friendly locals, nature-rich lifestyle, stable democracy, excellent public and private healthcare
- Visa to look into: Pensionado (Retiree) Visa
- Monthly budget: $1,800–$2,400
4. Spain
- Why it’s great: Mediterranean lifestyle, historic towns, affordable healthcare
- Visa to look into: Non-Lucrative Visa (for retirees not working)
- Monthly budget: $2,200–$3,000
5. Vietnam
- Why it’s great: Ultra-low cost of living, vibrant cities and beaches, growing healthcare infrastructure
- Visa to look into: Retirement not formalized—many retirees use long-stay or investor visas
- Monthly budget: $1,200–$2,000
Step-by-Step: How to Retire Abroad After 50
Step 1: Identify Your Priorities
Before choosing a country, ask yourself:
- What kind of climate do I want?
- Do I need access to English-speaking communities?
- How important is healthcare quality?
- Will I be renting or buying property?
- What’s my monthly retirement budget?
Use your answers to narrow down 2–3 countries for further research or a trial visit.
Step 2: Research Residency and Visa Requirements
Every country has its own rules. Most require:
- Proof of income (Social Security, pension, investments)
- Background checks
- Bank statements or savings minimums
- Health insurance coverage
Start here: Visit the U.S. State Department’s country pages and official immigration sites to confirm the latest requirements.
Step 3: Take a “Pre-Retirement Test Drive”
Before making the leap, spend at least 1–3 months living in your chosen country.
Look for:
- Local grocery prices
- Transportation access
- Cultural compatibility
- Language barriers
- Access to medical care and pharmacies
Step 4: Plan Your Finances for Global Living
Key financial steps:
- Set up international banking and notify your U.S. financial institutions
- Consider a multi-currency account for easy money transfers
- Keep a U.S.-based address for taxes and Social Security
- Understand foreign exchange rates and transfer fees
Taxes to watch:
- As a U.S. citizen, you still need to file U.S. taxes, no matter where you live
- Use the Foreign Earned Income Exclusion or Foreign Tax Credit if applicable
- Consult with a cross-border tax advisor for guidance
Step 5: Secure International Healthcare
Medicare doesn’t cover care outside the U.S., so you’ll need an alternative plan.
Options include:
- Local public insurance systems (often very affordable)
- Private international health insurance
- Paying out of pocket (feasible in some countries like Mexico or Vietnam)
Pro tip: Consider medical evacuation coverage for emergencies
FAQs About Retiring Abroad After 50
Can I receive Social Security while living overseas?
Yes, in most countries. The SSA sends benefits to over 100 nations. Check the list at ssa.gov.
Will I lose Medicare if I move abroad?
No—but it won’t cover you outside the U.S. You can keep it active in case you return, or drop it to save money. Just weigh the re-enrollment rules.
Is it safe to retire in another country?
Yes—if you choose a stable nation and stay aware of local safety guidelines. Many top expat destinations are rated very safe and have strong support systems for foreigners.
Final Thoughts: Retirement Abroad Is More Possible Than Ever
You don’t need to be rich or fluent in another language to retire overseas. You just need the right plan, the right place—and the courage to take the first step.
So ask yourself: What kind of life do you want to live next?
With a little planning, retiring abroad after 50 could offer more freedom, lower costs, and the adventure of a lifetime.