Choosing where to live during your retirement is a major decision—one that can shape your daily life, your financial outlook, and your overall happiness. While saving for retirement is critical, selecting the right location can enhance your quality of life and extend your resources further. More retirees from California are looking outside the U.S. for options that offer affordability, pleasant climates, and new cultural experiences. If you are thinking about retiring abroad, doing your research is essential. A helpful tool in this process is the Global Retirement Index from International Living. Updated annually, the Index draws on reports from expats and local experts to rank countries on the factors most relevant to retirees. These rankings can guide you toward a destination that aligns with your goals, lifestyle, and financial situation. To help you get started, the Los Angeles attorneys at Schomer Law Group, APC discuss the top five countries to retire abroad in 2025.
Why the Global Retirement Index Can Help
Retirement means more than stepping away from work. It means embracing a lifestyle that supports your health, security, and personal fulfillment. The Global Retirement Index evaluates a broad range of factors that can affect your retirement experience abroad. These include:
- Safety and Legal Stability: Understanding crime rates and legal protection
- Leisure and Culture: Exploring activities, attractions, and community engagement
- Support Networks: Gauging how easy it is to connect with fellow retirees and locals
- Medical Care Access: Measuring availability and affordability of health services
- Cost of Daily Living: Evaluating how far your income will go
- Weather and Air Quality: Assessing comfort levels year-round
- Housing Options and Prices: Considering both ownership and rental affordability
- Residency and Visa Access: Looking at how easy it is to gain legal residency
- Infrastructure and Technology: Reviewing transportation, electricity, and internet
- Language Barriers: Factoring in how easy it is to communicate, especially in English
Best Retirement Destinations Abroad for 2025
Based on current data and expat experiences, here are the five top-rated international retirement destinations for 2025:
- Panama: Panama continues to attract retirees with its retiree-friendly policies, including a popular “Pensionado Visa” that provides discounts on medical services, utility bills, and entertainment. Many retirees are drawn to the country’s political stability, developed infrastructure, and urban amenities, particularly in Panama City. Healthcare is modern and affordable, and the country maintains strong expat networks that make the transition easier.
- Portugal: Portugal remains a leading destination for retirement in Europe. It stands out for its safety, reliable public health system, and relaxed lifestyle. Cities such as Lisbon and Porto, along with the scenic Algarve region, offer a wide range of options for housing and recreation. Non-European Union citizens can apply for one of several residence permits designed for retirees. While learning Portuguese is helpful, English is spoken widely, particularly in areas popular with expats.
- Costa Rica: Costa Rica’s natural beauty and stable political environment continue to make it one of the most appealing places to retire in Latin America. The country offers lush landscapes, from beaches to rainforests, and places a strong emphasis on sustainability. Healthcare is both accessible and affordable, with public and private options available. Retirees can take advantage of different visa categories designed specifically for individuals with guaranteed income.
- Mexico: Mexico remains a top choice for Americans considering international retirement, especially those in California who want to stay relatively close to home. Air travel is short and affordable, making visits back to the U.S. easier. Mexico offers a lower cost of living, modern healthcare in many cities, and a vibrant mix of climates and communities. From coastal beach towns to colonial cities and bustling metros, Mexico offers something for nearly every preference.
- France: France may be more expensive than many of its counterparts, but its quality of life often makes up for the additional costs. Whether you are interested in art, cuisine, history, or countryside charm, France offers endless possibilities. The country has one of the world’s top-rated public health systems and an extensive public transportation network. For those looking to enjoy a European lifestyle in retirement, France remains a strong contender.
Planning Your Retirement Abroad
Living abroad in retirement can allow you to enjoy a more fulfilling lifestyle, potentially at a lower cost than staying in California. The Global Retirement Index serves as an excellent resource for narrowing your options and learning more about what each country offers. Before making a move, consult with legal, tax, and financial professionals who are experienced in international retirement planning. Careful preparation ensures that you protect your assets, understand your tax obligations, and meet residency requirements in your chosen destination.
Can We Help You Plan to Retire Abroad?
For more information, please join us for an upcoming FREE seminar. If you would help planning for a retirement abroad in your estate plan, contact the experienced Los Angeles estate planning attorneys at Schomer Law Group APCby calling (310) 337-7696 to schedule an appointment.
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