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8 Amazing Places You Can Afford To Retire Abroad

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Have you always dreamed of retiring abroad? Unfortunately, your retirement account may not seem in the best shape to allow that. After all, the average 50-year-old only has $43,797 in savings. That doesn’t seem like much to retire on–especially when you’re planning on moving. But the following locations offer cheap living, giving you the perfect opportunity to retire abroad, even on limited savings.

1. Indonesia: A Tropical Paradise

The good news, Indonesia is in fact a secular country. In addition, homosexuality was made legal in 1993: compare that to neighbouring Malaysia, Myanmar and Singapore where you can (theoretically) go to jail for being gay. In fact, a law to criminalise it failed to be enacted in 2003 by the Indonesian parliament.

And, as the world’s 4th most populous country with over 250 million, statistically, Indonesia has one of the largest LGBT communities on the planet.

As with most countries in Southeast Asia, Indonesia has no laws to support the rights of its LGBT community and society remains largely conservative.

The Law Against Pornography and Pornocation was passed in 2006, banning anything that publicly depicts sexual relations between persons of the same sex.

malaysia

 

If you’re seeking that scenic beachside retirement home where you can spend your days enjoying crystal clear waters and soaking in the tropical sun, then Malaysia should be on the top of your list. Here, it’s easy to get by on $1,700 per month, and the health care system is fantastic. Since many of the doctors have studied outside Indonesia in places like the States, it’s not tough to find an English-speaking doctor, either. It also offers a 10-year residency visa that you can get by proving income and making a down-payment.

 

 

2. Colombia: A Comfortable Climate

columbia

 

Colombia is a hot-spot for retirees right now because of its pleasant temperatures and beautiful landscape. Even better, it offers super cheap living. The average income here is around US$300 per month, meaning that an American couple could easily spend less than $1,500 and still be living in luxury. If healthcare is a huge concern, consider settling in Medellin, home to five of the top Latin American hospitals.

3. Ecuador: A Happy Retirement Destination

Ecuador

From the jungle to the beaches, Ecuador features a scenic landscape that can’t be beat in the States. In addition to that, it offers cheap living, where an American couple could easily live well on $1,500 per month. Plus, Ecuador uses the US dollar as its official currency, so retirees don’t have to worry about currency exchange. What’s more, in the 2014 Global Retirement Index, Ecuador was rated as one of the top countries for quality of life.

4. Panama: A Home Away from Home

panama

 

Panama offers a dry, warm climate year round and a very low cost of living–with beach views. You can retire comfortably on $1,300 per month, and it’s one of the best countries for quality of life. What’s more, English is widely spoken, and you can use your US money anywhere across the country. The country also offers first-rate hospitals, and many of its doctors are US trained.

5. Slovenia: A Cozy European Destination

slovenia

 

In the Global Retirement Index for 2014, the European country of Slovenia ranks among the top 30 for health and well-being. It has also maintained a relatively low cost of living over the last several years. This is a wonderful location for retirees who want to retire abroad in Europe’s lush, green landscapes backed by snow-capped mountains. The only drawback is that you may have to learn the Slovenian language. However, many locals are taught English as a foreign language.

6. Turkey: A Mediterranean Utopia

turkey

 

Turkey is a wonderful place to find low-cost living coupled with stunning scenic landscapes. If you’re seeking a Mediterranean culture that you can enjoy on limited savings, Turkey is the place to find it. Here, the currency exchange rate is around 2:1, and the cost of living is usually one third of that in the States. Low real estate prices allow you to purchase a quality apartment in Turkey for under $40,000..

 

 

 7. Thailand: A Homely, Affordable Location

thailand

 

Thanks to its super cheap cost of living, Thailand is a popular place to retire abroad. Your monthly rent could cost you a small $400 and you’ll be living like a king. Even better, health care is so cheap that few Americans and Canadians need insurance to cover the costs. Plus, the service is quick and professional. A great spot to settle down is in Chiang Mai, home to 17,000 other foreign residents like yourself.

8. Spain: A Healthcare Wonderland

 

spain

Spain is a fantastic location for cheap European living. Valencia features countless homes and apartments for under $200,000, but you can rent a two-bedroom apartment in the city center for as little as $780 per month. The biggest perk is that the country offers free public health coverage, providing you with healthcare at a fraction of the cost of the States.

 

This article was first published by http://lifehack.org

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7 Comments

  1. timmy

    November 21, 2015 at 8:00 am

    Dunno about the others but Malaysia is a very homophobic country. You would have to be very careful living there, especially if you’re used to being open about your sexuality.

  2. dennis

    August 20, 2016 at 6:01 am

    Hi
    I do Not suggest Malaysia as a gay friendly country.
    I have been travelling to Malaysia for many dozens of years,and although Kuala Lumpur a federal capitol is tolerant trendy and happily decadent,once you travel to other parts of Malaysia particularly North,although nothing is said and the locals are polite,it is a Country under Islamic rule.
    Even in KL my last trip a few months ago I have noticed the slow trend to stricter islamic laws,and just a month ago,a hand grenade terror bombing of a restaurant,and dont forget the missing Malaysia flight MH370 out of KL that opinion seems to lean towards Pilot suicide.

  3. Paul

    September 28, 2016 at 10:38 pm

    Turkey…Really????? Honestly, let’s get real!

  4. Adam

    December 28, 2016 at 3:07 pm

    Malaysia is a homophobic society.nobody wants to go back to the closet in their golden years.however pilot suicide excuse reason of not liking Malaysia is lame.a European pilot did the same thing on alps.nobody blames Europe for this.stay rational not islamophobic.more gay hate crimes happen in liberal west.tolerance n acceptance are different things.my suggestion for gay retirements on a budget are,Thailand,phillipines,srilanka,south Africa,Ecuador n turkey.for moderate budget include Spain Greece and Argentina

  5. Jonathan

    May 25, 2017 at 7:19 pm

    I would include the Phlippines in this list. Filipinos are probably one of the friendliest people you will meet especially to expatriates regardless of your sexual preference. Just watch expat experiences of the Philippines and the Filipinos in Youtube. If you are considering retiring in the Philippines let me know. I am also thinking of retiring early in my country. Looking for potential business partners to set up maybe a beach resort or a backpacker’s bead and breakfast. It would be good to have a source of income while there and not merely rely on retirememt pension. Winters in Northern Europe are getting harsher and harsher for me. Cheers!

  6. Wendy Rawady

    July 5, 2017 at 10:35 pm

    Puerto Vallarta in Mexico is very gay friendly and a fabulous place to retire. We are selling our place there due to family reasons, but our house is a perfect proposition for a gay couple who wants to start a B & B. Check out casabetsy.com to see pics of the house and its story. It now has had a complete pool refurb and is very well maintained. 2 of the bedrooms have their own bar fridges … 6 blocks to the best beach …need I say more! But contact me through the site if you are interested.

  7. Jayson

    September 4, 2017 at 2:39 pm

    I live in Tenerife, in the Spanish Canary Islands, and have lived on the Costa Del Sol of the Spanish mainland for years, and Spain is a wonderful and diverse country to live in and was also one of the first countries to legalize same-sex marriage and grant us 100% civil and human rights.

    But I have to tell you that you must have private health insurance here coming from the United States because the US does not have national health insurance so there is no reciprocal treaty. Therefore we cannot use the very good National Health System, unfortunately.

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