Real math, country by country
Best Countries to Retire Abroad
Cost of living, visa requirements, and the local tax rate on Social Security — for every country we've run the numbers on so far.
Portugal
Lowest EU tax on Social Security at 10%, plus an easy-to-qualify-for visa
$1800–$3500/mo10% tax on SS
Mexico
Close to US, vibrant culture, no Social Security tax
$1500–$2500/mo0% tax on SS
Spain
Modern EU country with culture, healthcare, and good weather
$1800–$3500/mo19% tax on SS
Panama
No tax on foreign income, modern infrastructure, dollar currency
$1800–$3500/mo0% tax on SS
Costa Rica
Peaceful, stable, excellent healthcare, natural beauty
$1900–$3000/mo0% tax on SS
Ecuador
Budget-friendly, uses US Dollar, diverse landscapes
$1200–$2200/mo0% tax on SS
Colombia
Vibrant culture, affordable, perfect spring weather year-round
$1300–$2300/mo0% tax on SS
Italy
Art, culture, history, and Mediterranean lifestyle
$1600–$3200/mo7% tax on SS
Greece
Islands, history, affordable Mediterranean living
$1400–$2600/mo7% tax on SS