Best Countries to Retire on a Small Pension or Social Security
Retiring on a small pension or Social Security can be challenging, but several countries offer a high quality of life at an affordable cost.
Retirement is a significant phase in life that many look forward to. It is often a time to explore new places, immerse oneself in different cultures, and enjoy life at a leisurely pace.
However, for many, the financial realities of retirement can be daunting, especially for those relying on a small pension or Social Security benefits.
Fortunately, several countries offer affordable living without sacrificing quality of life.
In this video, we will explore 10 of the best countries to retire on a small pension or Social Security: Spain, Vietnam, Colombia, Ecuador, and More.
So, today on Better Travelled, we’re going to be taking a look at Best Countries to Retire on a Small Pension or Social Security. 4K
While we do our best to provide you with the most accurate information. These are after all just our take based on data we analyzed. You should make your own decisions based on your own experiences by visiting the places we talk about!
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40 Comments
Costa Rica has become pretty expensive. No suitable for a retirees with average SS benefits.
One of the best country in my mind are the Philippines. Cost of living is low, English is widely spoken, health care system is ok, people are friendly, no taxes on foreign SS, no need to pensioner visa. Get a 30 day tourist visa, renew every month (easy process) for a small fee. This can be done for up to 3 years, then leave the country for a few days, come back and start all over again.
living on an island is never cheap
BS
Bulgaria is a better choice than most of these places. If you avoid tourist areas and cities, rent is cheap and cost of living is very low. Medical care is quite cheap and the doctors are very good.
After two major hurricanes within a month, I will love to retire different location for sure 😢
Portugal !!
Few important things: 1- Some of these figures are far from thr truth. 2- US$ 1500 – 2500 is not low by any means, how many US citizens' pension is even this much? Hundreds of thousands of US senior citizens are living in their cars or camper van, many of them professionals who worked hard n paid taxes, while battling with 1990s financial/economy/unemployment n more problems. My cousin, a teacher n mother doesn't even get $1,000.- A month, but at least has her Medicare. 3- The figures you give must be added to health care monthly payments, as they want proof of income and private health insurance, so much higher figures.
4- Not every retiree has given up studying or working.
We want to know about education, n working possibilities which we have in our countries.
Your audience are not only US residents, but from everywhere. Yes, many things are more expensive in California, New York, or Auckland NZ, or Sydney Australia, but still we can live alright in other parts of the US, NZ, Australia, certainly, England, Canada.
5- What about Peru, Turkey, Hungary, Cuba, Indonesia, India, or small Islands that even pay you to live there? UNTRUE TITLE OF YOUR CLIP SAYING…WITH NO MONEY!!!!
Without any mention of downsides and comparison it looks like advertising and had low value unfortunately
I would think anywhere with no ideologies or cults..
If only I had known now it's too late as I need a heart op
It is very misleading post. Most leaving costs are not accounted for
For Europe everybody knows that Portugal (rural, not Lisbon) is the best place and the cheapest. Montenegro, Albania are way cheaper than Slovenia (half of the costs – apartment as of 400 EUR). Spain is very good – but you need to know where. Senegal – nice beach, we have a 2 room apartment there, fully furnished for 150 EUR month (and keep it for vacation) it's just at the border to Guinea Bissau and Cap Skirring. Flights to Europe are therefore (without luggage, only a trolley and PC, cheap – 260 EUR direct from Madrid. Cost of living in Spain per month, all included for 2 persons: 1.500 EUR, cost of living Senegal, all included 2 persons month: from min. 750 to 1.500 – depending what you want to do during vacation. to live in Ziguinchor only – 1.000 and you live good, if you move a lot and include a lot of beach, restaurants etc. its 1500 (including some nights in guest house, restaurants etc,). Advantage: Senegal no problem with visa. 1 year will cost a 100 EUR.
Costa Rica is without a doubt the most expensive country in Central America and one of the most expensive countries in Latin America.
Солоmbia is very corrupted country ..
The veracity of this report leaves much to be desired and not very attendible.
I'm living in Portugal, Algarve and it's expensive, the healthcare here in Portugal is the worst ever……I've lived in Cyprus and it's also expensive there but the healthcare is better. This video is a bit misleading…..I came back to Portugal 5 years ago before that I was here from 2014 to 2017 the change is big and the expenses are very high…..it's not normal…….I'm planning to move to Spain…..or Greece I've lived also in Greece and it's dueble….the healthcare is goooodddd…..and also the renting and monthly expenses are cheaper
You Forgot North Korea .
Malaysia’s cost of living is much higher than 500 US$ …and you forgot the North Korea !
Very misleading topics and some information are completely wrong. I'm from Kuala Lumpur M'sia.
Sure with war looming .😮
MrRobaid
That sounds fair enough too me.
Extremely shortsighted not to mention that Northern Cypress is an occupied territory and is only recognized as a country by Turkey.
"10 Best…" but they list 15: 1:07 North Cyprus, 2:50 Costa Rica, 4:34 Portugal. 6:14 Mexico, 7:53 Panama, 9:28 Spain, 10:51 Vietnam, 12:11 Colombia, 13:24 Ecuador, 14:45 Thailand, 16:04 Czech Republic, 18:07 Malaysia, 20:13 Italy, 22:31 Slovenia, 24:45 Greece
I lived in Costa Rica, Limón province, i found it much cheaper than in San José or on the west coast where many expats chose to live..I learned to speak Spanish even though many people could speak English on the Caribbean coast, but it's much cheaper to live in Nicaragua or even Mexico in my opinion
WHAT ABOUT THE WOMEN FOR US OLD RETIRED LONELY DIVORCED MEN !! Who Got screwed over buy the feminist women crazies where the law in the US gives everything too the women!!! SO EHAT ABOUT THE WOMEN FOR US RETIRED OLD GUYS ?????????????!
Upon retirement live within your means and any places you go there is no problem just be in shape, no revolving debts and mortgage maybe? But it’s your life do what Is best for your sanity, mental clarity and happiness. Don’t worry for the things that is not happening yet just enjoy our moments because tomorrow is not a promise and at least you enjoy this temporary life that God gave us
This is BS!
There is no place you can retire with no money, no place on earth!
Costa Rica is by far the most expensive country in Central America …
Vietnam is the best choice
There is some incorrect/out of date information in this video. For example, there is no path to residency in Malaysia from the MM2H visa programme.
Visited Malaysia this summer. $500 for a week is doable, but not for a month. It totally depends on your lifestyle.
I think the most painful aspect of cost of living in US is our messed up Healthcare. Insurances are a total crock!
👍👍. What’s up, That video was really cool! Appreciate you sharing it. Gave it a like! Looking forward to more awesome content! 🙂
Can't see the entire view of what you're showing due to the text written inside the screen. Can't appreciated what you show. Maybe the text must be written down the screen.
Wow! With some of these countries only wanting people whovan prove they have enough money to support themselves for the duration of stay, perhaps if the US made the same requirements of anyone coming to our country we too would only have the cream of the crop & this video would just be for entertainment and not for research on how we can live better somewhere other than our natural country, the USA 😢
There is questionable claims in this video. Do you own due diligence. Most of these videos that make budgetary claims have never lived or visited these countries. I have lived in Vietnam, I have lived in Colombia, I have spent months in Costa RIca, I am about to retire to Thailand. Most people will not be happy living with Colombianos, forget Ecuador, Costa Rica is nice country but not cheap for a Gringo unless you speak Spanish and are willing to live like a Tico which means eggs, bean & rice more days and meals that not, btw their beans and rice are wonderful, just saying. Panama is not so cheap but a bit less than Costa Rica. Vietnam is cheap but visa issues and the language barrier bleed you. Living in Nam is the closest thing I ever felt like to living on a different planet. 99% of people will not be happy in Nam, the language issue is tough.
As I have been an expat and I am in Asia and I am about to retire in Thailand… I think I am qualified to give anyone contemplating retirement abroad [on the cheap]. If you are a seasoned expat with experience and thus know how to avoid making most mistakes in a new country / travelling then you can maybe be healthy and live in several of these countries starting at $1500 USD per month. Personally, I consider $2,000 USD more reasonable if you drink alcohol or intend to date the opposite sex, whatever sex that is I don't care, it cost money and you as the expat will pay. For those that intend to supporting a drinking habit in their retirement years, that cost about $12-15 a day in these countries, still a whole lot less than the USA, beer/liquor is like oil, it's internationally fungible and beer and booze is not free anywhere.
Safety evaluation was left out of the ranking….
For me, either Malta or maybe Cyprus (the south, western, Greek half). I am British, and fortunately also have a European Union passport – meaning any EU country is open to me (thank God!).