How Much Does It Cost to Retire Abroad?
Retiring abroad can stretch a fixed pension dramatically — the same monthly income that just covers the basics at home might fund a relaxed life with help and travel elsewhere. The key is doing the maths properly.
Start with the real cost of living
Don’t guess — compare your target country against home, item by item, in our Burgernomics tool or via our cost-of-living comparisons. Rent and healthcare usually dominate a retiree’s budget, so weight those heavily.
Mind the exchange rate
If your pension is paid in one currency but spent in another, the exchange rate sets your real income — and it moves. A budget that works today could tighten if your home currency weakens. Build in a cushion, and keep an eye on the live rate.
The non-money factors
Healthcare access, residency visas, tax treatment of your pension, and distance from family all matter as much as price. Cheap is no bargain if the healthcare or paperwork doesn’t work.
Popular value spots
Portugal, Mexico, Thailand and Spain are long-time favourites for combining lower costs with good amenities — see the cheapest countries to live in 2026.