United States

International Living's 2024 Retirement Index: Top 10 Countries For Your Dream Retirement In 2024

International Living's Annual Retirement Index 2024 has released the list of the top 10 countries for retirees seeking a peaceful and fulfilling retirement. Check out this list and plan your perfect retirement.

Representative image Photo: Pinterest

Are you planning your retirement and looking for the best place to spend your post-hustle days?

Well, 'International Living' got you covered! They have released their Annual Retirement Index 2024 that will help you pick your best choice. Here are the top 10 countries listed in IL’s Annual Reitrement Index 2024:

1. Costa Rica

Costa Rica's appeal lies in its "pura vida" vibe, characterized by pristine beaches, pleasant weather, and rich biodiversity. The country attracts retirees, digital nomads, and families seeking an escape from the hustle and bustle of modern life. Renowned for its affordable cost of living, top-quality healthcare, and environmental commitment, Costa Rica offers stability in an increasingly divided world.

Residents benefit from a blend of public and private healthcare systems, with access to modern medical facilities across the country. The diverse climate allows residents to choose between coastal, mountain, or valley living, each offering its own unique lifestyle.

Many expats praise the positive impact of Costa Rican life on their health and well-being, attributing it to factors like diet, exercise, and reduced stress. With incentives for investors and retirees, including new visa options, Costa Rica continues to attract individuals seeking a vibrant and fulfilling lifestyle.

2. Portugal

Portugal is a favored destination for North Americans due to its straightforward visa process, excellent healthcare, and widespread English proficiency among locals. The country offers diverse landscapes, from bustling cities like Lisbon to tranquil coastal towns such as Cascais and Porto. The Algarve region, known for its mild climate and stunning beaches, is particularly popular among retirees.

With a monthly budget of around $3,000, expats can enjoy a comfortable lifestyle, whether they choose to live near the coast or in rural villages. Healthcare in Portugal is affordable and of high quality, with both public and private options available. The country's safety, modern infrastructure, and welcoming atmosphere make it an attractive choice for retirees seeking a relaxed and fulfilling lifestyle.

3. Mexico

Mexico, particularly the Mexican Caribbean, captivates residents with its stunning natural beauty, warm culture, and affordability. The Riviera Maya region, including Cozumel, boasts crystal-clear waters, a thriving expat community, and luxurious living at lower costs.

Mexico offers diverse environments, from beaches to mountains, catering to various lifestyle preferences. Property prices are lower, with options ranging from beachside condos to jungle retreats. Healthcare is affordable and of high quality, contributing to residents' overall well-being. Expats often find themselves healthier and happier in Mexico, thanks to the warmer climate, cleaner eating, and reduced stress.

The Mexican culture emphasizes family, friendliness, and community, creating a welcoming and vibrant atmosphere for residents to enjoy.

4. Panama

Panama is cherished as home by many expats for its stability, convenience, and natural beauty. Despite minor issues like government inefficiencies, life in Panama is seen as easy and comfortable, with a mild tropical climate and access to both beaches and mountains.

The country offers modern amenities and a strong economy, with a healthcare system that's praised for its quality and affordability. For retirees, Panama provides various visa options, including the Pensionado visa and the Friendly Nations visa. The affordability of living, coupled with diverse outdoor activities and a welcoming expat community, makes Panama an attractive destination.

Whether enjoying the cosmopolitan capital or the beach town of Coronado, residents find a sense of security and well-being in Panama, appreciating its blend of convenience and natural beauty.

5. Spain

Spain remains a top retirement destination due to its diverse climate, rich culture, and high quality of life. Expats praise its sunny weather, with options for both warm coastal areas and cooler mountain regions. The cost of living is lower than in North America, with affordable housing and fresh, budget-friendly food.

The healthcare system here is highly regarded, with accessible private options and transition to public healthcare after residency. Various visa options, including the "golden visa" and non-lucrative visa, make residency attainable for retirees.

Spain's cities offer cultural treasures, from art and music to gastronomy and history, providing retirees with enriching experiences. With its blend of affordability, healthcare, climate, and culture, Spain continues to attract retirees seeking a fulfilling lifestyle in a welcoming atmosphere.

6. Ecuador

Ecuador, situated on the Equator in South America, offers diverse landscapes, climates, and cultures. Expats are drawn to its mild climate, low cost of living, and use of the US dollar as currency. Popular expat areas include the sierra (mountain highlands) and coastal cities like Salinas and Manta.

The country's ethnically diverse population is known for its warmth and friendliness, with seniors receiving special respect and perks. Healthcare is modern and affordable, with options for both public and private care. Ecuador seamlessly blends modern amenities with traditional lifestyles, and its natural and historical wonders are well-preserved. However, recent political volatility suggests caution for those considering relocation.

7. Greece

Greece has become a popular retirement destination due to its rich history, diverse geography, and affordable living. With a population of around 10 million, options range from bustling cities to serene villages.

Housing prices are significantly lower than in the US, with the cost of living also being notably less. The Golden Visa program, requiring a property investment, attracts many expatriates. Healthcare is generally good, although access may vary depending on location. Greek society values personal connections and outdoor living, with a relaxed pace of life prevailing. The Mediterranean diet, featuring fresh vegetables and olive oil, contributes to the country's reputation for longevity.


Expat communities are welcoming, offering numerous cultural and recreational activities. While living in Greece may present challenges, the overall experience is rewarding, characterized by breathtaking beauty and remarkable hospitality.

8. Malaysia

Malaysia offers a unique blend of affordability, cultural diversity, and natural beauty, attracting expatriates seeking a relaxed yet exotic lifestyle. With significantly lower living costs compared to Western countries, Malaysia presents a compelling option for retirees and adventurers alike. The country's multicultural atmosphere is reflected in its festivals, culinary scene, and everyday life, fostering a sense of warmth and community among residents.


Malaysia's strategic location provides easy access to neighboring countries, enriching travel opportunities. Moreover, its favorable climate and high-quality healthcare and education systems enhance its appeal to expatriates. While challenges such as the tropical climate exist, Malaysia's use of English and modern amenities help ease the transition for newcomers.

Living in Malaysia promises a distinctive and enriching experience, combining affordability, cultural richness, and natural splendor in a way unlike anywhere else.

9. France

France offers an enticing retirement destination with its gourmet culture, affordable living, and top-notch healthcare system. Expats are drawn to the country's rich history and culinary delights, with regions like the Dordogne providing picturesque landscapes and cultural activities. Lower housing costs in areas like Nice and inland Provence make retirement living more accessible, while France's healthcare system offers comprehensive coverage at minimal fees.


With easy visa processes and tax exemptions for retirees, France emerges as an appealing option for those seeking a fulfilling and affordable retirement abroad.

10. Columbia

Retiring in Colombia offers a blend of outdoor activities, rich cultural heritage, and affordability. The country's history, shaped by Indigenous, African, and European influences, is evident in its music, dance, and architecture. Regions like Santander, Boyacá, and Quindío boast diverse landscapes and colonial charm, while cities like Bogotá provide urban amenities and vibrant arts scenes.

Colombia's healthcare system is comparable to that of the US and Canada, with affordable medical services and insurance options. The cost of living is attractive, with rental prices as low as $1,000 per month in some areas. Visa programs cater to retirees and remote workers, making it easy to settle in the country. While some remote regions may pose safety concerns, Colombia's overall warmth and resilience shine through, offering retirees a welcoming and fulfilling experience.


What is the Retirement Index?

The Retirement Index is a comprehensive survey that helps individuals explore retirement destinations worldwide. It compiles insights and experiences from trusted sources living in various retirement hotspots. The index aims to provide practical comparisons and recommendations to help readers narrow down their options. It emphasizes real-world information gathered by people on the ground, ensuring genuine usefulness and informed perspectives. It's not a scientific output but rather a tool built on experienced judgment and firsthand knowledge, offering valuable insights, opinions, and guidance for retirement planning.


Retirement Index Breakdown
Retirement Index Breakdown Photo: International Living

How do they compile the Retirement Index?

1. Housing: This evaluates the ease of property ownership for foreigners, housing affordability, property taxes, and rental values. It considers factors like the cost of renting furnished apartments and legal protections for renters.

2. Visas and Benefits: The analysis focuses on the ease of obtaining tourist visas, extending stays, and becoming a permanent resident. It also explores retiree benefits, including discounts on healthcare, entertainment, and transportation.

3. Cost of Living: Contributors provide insights on various expenses, such as rent, utilities, groceries, and travel. A lower cost of living receives a higher score in this category.


4. Affinity Rating: This subjective category considers gut feelings and personal preferences. Experts and readers rank destinations based on factors like social life, expat community size, English language availability, and cultural activities.

5. Healthcare: The assessment combines quality and cost of healthcare services. It explores affordability compared to North America and highlights destinations with world-class care at lower prices.

6. Development and Governance: This section evaluates infrastructure quality, political stability, efficient banking systems, and internet reliability.

7. Climate: The scoring assesses the variety of climate options available in each destination. It considers preferences for hot, humid, or temperate climates and evaluates destinations based on their climate diversity.