Portugal

Retirement travelers and tourists of all ages from over the world who appreciate its stunning scenery, coastal cities, wine, food, and warm climate have made Portugal one of the most sought-after vacation spots. Living expenses are roughly 37% less expensive than in the US, and housing costs are roughly 54% more reasonable. These differences are even more pronounced in Lisbon, the capital, where rent is around 70% cheaper and living expenses are roughly 53% less.

When their five-year residence permit expires, retirees must apply at a local embassy for a permanent residency permit. The "Golden Visa" initiative, designed to promote foreign investment in Portugal, calls for minimal investments in real estate, monetary transfers, or scientific research. Interested retirees with capital to invest should review the most recent information.

Legal residents can register with the National Health Service to gain access to public hospitals and health centers and pay for treatments as they go. Excellent healthcare is also readily available. Others have access to health care through private insurance, which is a requirement for obtaining a residency visa.