Could Retirement Abroad Be Right for You?

5 International Destinations Successful Retirees Often Consider

For many professionals, retirement creates something they haven't had in decades:

Choice.

Choice over how they spend their time.

Choice over where they live.

Choice over what the next chapter of life looks like.

And for some retirees, that raises an interesting question:

Should retirement happen somewhere other than the United States?

The answer depends on far more than cost of living.

For many successful retirees, the decision involves lifestyle preferences, healthcare access, tax considerations, travel opportunities, family proximity, and long-term financial planning.

If you've built substantial retirement savings and have the flexibility to choose where you live, here are five international destinations that often appear on retirees' short lists—and some important planning considerations before making a move.

1. Portugal

Portugal has become one of the most popular retirement destinations for Americans, and it's easy to understand why.

The country offers a mild climate, beautiful coastlines, modern healthcare, and a relatively relaxed pace of life. From vibrant cities like Lisbon and Porto to the beach communities of the Algarve, retirees can choose from a variety of lifestyles.

For retirees who enjoy travel, Portugal also provides easy access to the rest of Europe.

Why Retirees Consider Portugal

• Mild year-round climate
• Modern healthcare system
• Easy access to European travel
• Established expat communities
• Diverse lifestyle options

Important Planning Considerations

Before relocating, retirees should understand residency requirements, healthcare options, tax implications, and how foreign residency may affect their broader retirement strategy.

2. Spain

Spain consistently ranks among the world's most desirable retirement destinations.

Many retirees are drawn to Spain's culture, cuisine, walkable communities, and high-quality healthcare system. The country offers everything from bustling metropolitan areas to quieter coastal towns.

Americans can generally continue receiving Social Security benefits while living in Spain.¹

Why Retirees Consider Spain

• Excellent healthcare
• Rich cultural experiences
• Mediterranean lifestyle
• Extensive transportation network
• Diverse housing options

Important Planning Considerations

Language barriers, residency requirements, and healthcare enrollment should all be evaluated before making a long-term move.

3. Malta

Malta often flies under the radar, but it offers several features that appeal to retirees.

English is one of the country's official languages, making communication easier for many Americans. The island nation also offers a warm climate, strong expat presence, and convenient access to the rest of Europe.

Why Retirees Consider Malta

• English-speaking environment
• Mediterranean climate
• Strong international community
• Accessible healthcare
• Central European location

Important Planning Considerations

Housing availability and seasonal tourism can affect both costs and lifestyle depending on where you choose to live.

4. Australia

For retirees who value outdoor living and modern infrastructure, Australia often becomes part of the conversation.

Australia offers excellent healthcare, beautiful natural landscapes, and familiar cultural elements that can make the transition easier for Americans.

English is the primary language, and many communities provide an active lifestyle centered around outdoor recreation.

Why Retirees Consider Australia

• High quality of life
• Modern healthcare system
• Familiar language and culture
• Outdoor recreation opportunities
• Stable infrastructure

Important Planning Considerations

Distance from family can become a significant factor. Long flights and travel costs may make regular visits to children and grandchildren more challenging.

5. Switzerland

Switzerland is often viewed as one of the premier destinations for retirees seeking safety, stability, and exceptional quality of life.

The country's infrastructure, healthcare system, and natural beauty consistently rank among the best in the world.

For retirees who prioritize lifestyle and financial security over lower living costs, Switzerland may be worth exploring.

Why Retirees Consider Switzerland

• Exceptional healthcare
• High quality of life
• Strong infrastructure
• Central European location
• Safety and stability

Important Planning Considerations

Switzerland is generally more expensive than many retirement destinations. Retirees should carefully evaluate how higher living costs fit within their retirement income plan.

Before You Move Abroad, Ask These Questions

While the lifestyle opportunities can be exciting, retirement abroad introduces planning considerations that deserve careful attention.

Some of the most important questions include:

• How will healthcare coverage work?
• Will I still receive Social Security benefits?¹
• What are the tax implications?
• How often do I expect to visit family?
• Will I maintain a home in the United States?
• How will currency fluctuations affect my spending?
• What happens if my health changes later in retirement?

The answers can have a meaningful impact on your long-term financial strategy.

Retirement Is About More Than Geography

Many people assume retirement abroad is primarily a financial decision.

In reality, it's often a lifestyle decision with financial consequences.

The best retirement destination isn't necessarily the least expensive location or the one with the best weather.

It's the place that aligns with the life you want to live.

For some retirees, that's a beach town in Portugal.

For others, it's remaining close to children and grandchildren in North Carolina.

The goal isn't simply finding somewhere new to live.

The goal is designing a retirement that supports the lifestyle, relationships, and experiences that matter most.

Considering Retirement Abroad?

If you're considering a move in retirement—whether across the country or across the world—a Retirement Readiness Review can help you understand the impact on your income, taxes, investments, and long-term financial security. Contact a financial advisor at Designing Wealth to start the conversation.

Reference

1. Social Security Administration. International Programs: Payments Outside the United States.

Disclosure: This content is developed from sources believed to be providing accurate information. The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. Individuals are encouraged to seek advice from their own tax or legal counsel. Individuals involved in the estate planning process should work with an estate planning team, including their own personal legal or tax counsel. Neither the information presented nor any opinion expressed constitutes a representation by us of a specific investment or the purchase or sale of any securities. Asset allocation and diversification do not ensure a profit or protect against loss in declining markets. This material was developed and produced by Advisor Websites to provide information on a topic that may be of interest. Copyright 2026 Advisor Websites.