Top 10 Countries to Retire Abroad for Americans in 2026

Last Updated on January 29, 2026 by Emily Hopkins

When planning for retirement, relocating to a new country can provide a refreshing change and a renewed sense of purpose. Fortunately, the prospect of international relocation is more accessible in 2026 than ever before. This guide highlights the top 10 countries for Americans considering retirement abroad.

Retirement abroad for Americans has become so popular that an estimated 5 million are currently spending their golden years overseas. This marks a significant shift in retirement planning towards retiring abroad. People choose retirement destinations for different reasons; some are drawn to coastal regions because of the appeal of long walks in the sand. Others choose to immigrate to big cities with thriving nightlife and other urban town attractions. And for some, international living just appeals more.

Choosing a country to call home for retirement is often easier said than done. This comprehensive guide is designed to help you make an informed decision on the best countries to retire in 2026. Happy reading!

Why do Americans choose to retire abroad?

Americans choose to retire abroad for a variety of reasons, and individual motivations can vary. Some common factors contributing to this choice include the cost of living, income and property taxes, healthcare, climate, rent, and safety.

When it comes to the cost of living, many retirees find that certain countries offer a lower cost of living along with financial incentives to attract American retirees. This allows them to stretch their retirement savings further and maintain a comfortable lifestyle.

Access to high-quality and affordable healthcare is a critical factor for retirees. Certain countries offer excellent medical services at a fraction of the cost compared to the United States, along with financial incentives such as lower healthcare expenses and programs like Panama’s Pensionado program. These benefits are particularly appealing to senior citizens who require regular medical care.

Differences in healthcare systems and costs between the U.S. and potential retirement destinations are significant. And retirees need to consider private health insurance options in their chosen country to ensure they have access to necessary healthcare services. Another common reason for relocation is the climate.

Let’s face it: most regions in the US are quite cold during the winter, and seeking a more favorable climate is a common motivation. Warmer or milder weather can be appealing, especially for those looking to escape harsh winters or extreme temperatures.

Now let’s take a look at the best countries for Americans looking for a better life overseas.

• Read More: Complete Guide To Retire In Portugal In 2023

#1 Portugal

Portugal has been a hot topic among travel enthusiasts for several years now. This coastal nation, located at the western end of the Iberian Peninsula, is a top choice for expats for a few reasons. One of the main draws to this country is the relatively lower cost of living. To put this into perspective, consumer prices in Portugal, including rent, are about 30% cheaper than in the US.

Something else worth mentioning is that the Portuguese government has implemented several business incentives that make it easy for foreign nationals to set up businesses and thrive. For retirees, managing financial accounts, including the necessity of a local bank account in Portugal for daily financial transactions, is crucial for a smooth transition.

For business-minded folks, the cities of Lisbon and Porto are often favorites because they are the main financial hubs of the country.

For those who enjoy coastal living or wish to engage in various water sports, the Algarve region is an excellent choice. Portugal also stands out for its high-quality healthcare, with well-trained, English-speaking medical personnel and a national healthcare system that covers most essential medical needs and emergencies. These factors make Portugal an attractive option for Americans considering retirement abroad.

#2 Retiring in Costa Rica

Right after Portugal, Costa Rica is another expat favorite when it comes to the top countries to retire abroad for Americans. To begin, Costa Rica is renowned for its stunning landscapes, including rainforests, beaches, and mountains.

Costa Rica benefits from a tropical climate, appealing to those seeking a warm and diverse environment. While it is one of the more expensive countries in Central America, the cost of living remains significantly lower than in most European and North American nations.

This country is about 23.2% less expensive than the US, and consumer prices, inclusive of rent, are about  31.0% lower as well. Something else worth noting is that this country offers affordable healthcare services, including dental care. Many healthcare professionals speak English, making it accessible for American expats.

Additionally, retirees in Costa Rica can receive social security benefits and social security payments from the U.S. This contributes to their financial stability by supporting their income while living abroad, considering the taxation and regulations related to these benefits.

Costa Rica also offers a stable and politically secure environment, making it an attractive destination for establishing businesses and pursuing professional ventures. Additionally, the country is celebrated for its laid-back lifestyle, often summarized by the phrase ‘Pura Vida.’ This philosophy resonates with those seeking a more relaxed and stress-free way of life.

• Similar Article: Retirement in Portugal or Costa Rica.

#3 France

Let’s begin by acknowledging that France might not be the cheapest nation to live in. However, this nation still made the list of the top 10 countries to retire abroad for Americans for a few reasons. 

The French are known for prioritizing a healthy work-life balance. This cultural emphasis on leisure and personal time can be appealing to Americans seeking a more relaxed lifestyle. Think about it: nothing spells out work-life balance more than a two-hour lunch break from work.

France offers a wide range of experiences for expatriates. Whether you are drawn to the cultural vibrancy of major cities like Paris or prefer the slower pace of life in smaller towns, France provides options to suit diverse lifestyles. While language barriers may pose challenges for some Americans, major cities host a considerable number of expats and locals who are proficient in English.

Lastly, France is renowned for its rich cultural heritage, including art, literature, music, and cuisine. Many Americans will appreciate the opportunity to immerse themselves in a culture with a deep appreciation for the arts and history.

#4 Spain

Among the top places to retire, Spain stands out for its unbeatable combination of warm climate, affordable cost of living, and a healthcare system that is among the best in the world.

Its cultural appeal is second to none, boasting a rich cultural heritage with a deep history, diverse traditions, and a vibrant arts scene. Spain will be ideal for anyone interested in immersing themselves in a different culture or experiencing something totally traditional and authentic.

Spain is also among the more affordable destinations in Western Europe. However, lower costs do not imply lower quality. The country is recognized for its well-regarded healthcare system, which provides high-quality medical services. Access to healthcare is generally more affordable than in the United States, enhancing Spain’s appeal for retirees and expatriates.

The Spanish government has also made it easy for legal foreign nationals to get various visas. For instance, the Spain Digital Nomad Visa is perfect for digital nomads or freelancers. When it comes to the actual cost of living comparison between Spain and the US, you will be delighted to find out that with everything the former has to offer, it is considerably more affordable.

For the sake of context, the cost of living in Spain is 22.8% lower than in the United States, exclusive of rent. Rent prices in the United States are 40.6% higher via Numbeo.

• Deciding between Spain or Portugal? Viv Europe offers Visa assistance for both! Book a consultation with our relocation experts now and get more info!

#5 Italy

Other than Spain, Italy is also steeped in history and boasts a rich cultural heritage. Retirees can immerse themselves in iconic art, architecture, and historical sites, fostering a unique and enriching retirement experience. A big part of the rich Italian culture is the cuisine. The emphasis on fresh, high-quality ingredients contributes to a healthy and enjoyable lifestyle.

Access to healthcare is important for retirees, and Italy’s healthcare infrastructure is well-regarded. Italy has a universal healthcare system known for providing high-quality medical care. 

Something else that qualifies Italy as a suitable place to retire is the cost of living. The United States is 9.1% more expensive than Italy. Consumer prices, including rent, in the United States are 26.2% higher than in Italy. Rent prices in the United States are 89.7% higher than in Italy.

• Similar Article: Should You Retire In Portugal Or Italy?

#6 Greece

Greece is one of those small European countries that needs no introduction. It is a good option to retire abroad for Americans because of a few reasons. First, the appeal of all the history packed into such a small country is motivation enough.

Often regarded as the birthplace of modern civilization, Greece offers retirees the opportunity to immerse themselves in ancient history, explore archaeological sites, and enjoy a vibrant cultural scene. Embracing the local culture, from visiting historical landmarks to savoring traditional cuisine, enhances the retirement experience by fostering a deeper connection with the country’s rich heritage and diverse flavors.

Living in Greece means easy access to historic sites such as the Acropolis in Athens, ancient theaters, and temples. This country is made up of three islands with stunning landscapes, beautiful beaches, and charming villages. The Mediterranean climate enhances the overall appeal, providing pleasant weather for much of the year.

Similar to the countries previously mentioned, Greece generally offers a lower cost of living compared to the United States. This encompasses housing, daily expenses, and leisure activities, making the country an appealing option for retirees seeking to maximize their retirement savings.

• Similar Article: Retirement In Portugal Or Greece? Know How To Choose.

#7 Panama

Another good destination for Americans looking to retire in central Portugal is Panama. This destination offers a relatively low cost of living compared to the United States. Data from Numbeo details that consumer prices, including rent, in the United States are 51.7% higher than in Panama, while rent prices in the United States are 70% higher. A family of two can live comfortably with $2,000 per month.

Panama has a special visa program for retirees called the Pensionado Program. This program offers various benefits, including discounts on healthcare, entertainment, transportation, and more, making it financially advantageous for retirees.

The appeal of moving to a new country like Panama for retirement is not just about the financial incentives; it also includes the enriching cultural experiences, the opportunity to enjoy a different lifestyle, and unique programs for overseas retirees, despite potential challenges such as culture shock and language barriers.

Also, the fact that Panama uses the US dollar as its official currency eliminates the need for retirees to deal with currency exchange, providing a sense of familiarity for American expatriates.

Panama further provides tax incentives for retirees, including exemptions on import duties for household goods and tax benefits on retirement income earned abroad. In terms of healthcare, the country offers a well-developed system with modern medical facilities.

Many healthcare professionals receive training in the United States, and medical care is generally more affordable than in the U.S., enhancing Panama’s appeal for retirees.

• Similar Article: Retirement In Portugal Or Panama? Guide For Expats.

#8 Canada

Canada is a good option for retirees who want to live in a destination that is not that different from the US This proximity allows retirees to easily visit friends and family in the US. 

Other than that, Canada shares many cultural similarities with the United States, including a common language, similar legal systems, and comparable lifestyle norms. This can ease the transition for American retirees.

As a first-world nation with a strong economy, Canada consistently ranks highly in global quality of life indices. The country provides a robust healthcare system, excellent public services, and a strong focus on social welfare, all contributing to a high standard of living. Canada’s publicly funded healthcare system ensures universal coverage for all residents.

This ensures access to quality medical care, which is a crucial consideration for retirees. When it comes to the cost of living, Canada is also relatively cheaper by about 12%. Rent prices in the United States are 25% higher than in Canada, while consumer prices are 12.6% higher.

#9 Ecuador

This small country in Latin America has made this list of top countries to retire abroad for Americans for a few reasons. The first reason has to do with the cost of living. Ecuador is known for its affordability, offering a significantly lower cost of living than the United States, making every dollar stretch further than it would in the US.

Ecuador offers a retirement visa program specifically designed to attract retirees. To qualify, applicants must demonstrate a stable monthly income, such as a pension, and commit to spending a designated amount of time in the country each year. Additionally, Ecuador provides favorable tax policies for foreign residents, making income tax considerations advantageous and enhancing the financial benefits of retiring in the country.

The majority of Americans opting to retire in Ecuador typically seek the Jubilado visa, referred to in English as the retirement visa or pensioner visa. Initially, this temporary visa has a validity of two years, after which it can either be extended for an additional two years or transformed into a permanent residence visa.

#10 Thailand

Embarking on a journey to Southeast Asia, Thailand possesses an unspoiled history and culture meticulously safeguarded by the country. It is an optimal destination for retirees seeking fresh adventures and novel experiences.

Thailand boasts diverse landscapes, from pristine beaches and islands to lush jungles and mountainous regions. Its tropical climate, characterized by warm temperatures year-round, appeals to those seeking a sunny and pleasant environment, particularly individuals looking to escape colder climates.

Because Thailand has a long history of expat immigration, specific retirement visa options allow foreigners to retire in the country. The retirement visa is relatively straightforward to obtain, making it easier for retirees to relocate.

Lastly, Thailand has a relatively cheaper cost of living than the U.S. Data from Numbeo shows that rent prices in the United States are 1179.8% higher than in Thailand. Consumer prices in the United States are 101.9% higher than in Thailand; all these translate to a difference of 66% as far as the difference in cost of living is concerned.

Understanding how ‘foreign income’ from pensions or investments is treated in Thailand is crucial, including the potential benefits of the ‘foreign earned income exclusion’ for U.S. expats, which can significantly impact financial planning by preventing double taxation on wages and salaries earned overseas.

• Similar Article: Retirement in Portugal or Thailand: Mediterranean or Tropical?

How can an American retire in Portugal or Spain?

As of 2026, the retirement age is 65 in Portugal and 66 in Spain. However, there are no age restrictions for expatriates wishing to retire in either country. Non-EU nationals must obtain the appropriate visa and meet the minimum monthly income requirement to qualify for retirement based on passive income.

The two popular visas among retirees in Portugal are the Golden Visa and the D7 Visa, also known as the passive income or retirement visa. The Golden Visa provides residency through investment, while the D7 visa is tailored for individuals with passive income or sufficient savings. 

For Spain, the top visas among retirees are the Golden Visa and the Non-Lucrative Visa.

The good news is that both types of visas can eventually lead to permanent residency or Portuguese citizenship, as exemplified by the Golden Visa program.

Documents needed

Although the two types of visas are different, the general documents needed are often the same. They include:

• Valid Passport;
• Evidence of entry and legal stay in Portugal;
• International travel or health insurance;
• Criminal record certificate (duly certified by Portuguese diplomatic or consular representation) from the country of origin or from the country where you have lived for more than one year;
• Authorization to search for your background by the Portuguese Criminal Registry;
• Declaration of Commitment of Honor, through which you declare you will comply with the minimum investment time period (5 years) in Portugal;
• Tax and Social Security clearance records;
• Receipt of payment of the application fee.

Keep in mind that while these are the standard documents required for most visas in Portugal, additional documents may be requested depending on the specific visa type. For more details, explore information on the Golden Visa and the D7 Passive Income Visa.

Do you need help retiring in Portugal?

Despite all these destinations, Portugal often stands out as a brilliant destination! Join our Facebook Group – All About Portugal For Expats and connect with hundreds of American expats who have started their relocation journey to Portugal. 

Relocation can be quite complex, but it is definitely worth it! If this is your first time, we recommend seeking advice from professionals. If you need help navigating the process, book a meeting with professionals from Viv Europe! We’re here every step of the way.