International Living evaluated the strengths and weaknesses of countries around the world on numerous factors including climate, health care and cost of living to determine the ones most favorable for retirees.
Seniors looking to live the next chapter of their lives in an exotic location can use this information to find a country that best suits their needs.
According to the magazine, the No. 1 country is the best location on the planet for retirees to call home.
No. 10
Thailand
Thailand has become a popular destination as Asia’s appeal to North Americans continues to grow. The country combines authentic cuisine and culture with enough North American influences to help retirees feel at home. Expat communities already exist in the larger cities and resort areas.
No. 9
Portugal
Portugal’s mild climate and low cost of living make it an increasingly popular European option. English is widely understood and living options span urban environments to small beach communities.
No. 8
Colombia
For North Americans heading south, Colombia is becoming an increasingly popular choice. The low cost of living allows a couple to live comfortably on just over $1,200 a month.
No. 7
Malta
The year-round sunshine, cuisine, low crime rate and world-class health care (consistently ranked among the top five in the world by the World Health Organization) makes this small island a desirable retirement location.
No. 6
Spain
For those seeking sun and affordable living in Europe, Spain is the best option. Property in Spain is often of a higher standard and better value than in many other European countries.
No. 5
Costa Rica
Costa Rica is a hugely popular retirement haven for the climate, neighborly atmosphere, low cost of living, excellent health care, stable democracy, and countless ways to have fun.
No. 4
Malaysia
The country has one of the most robust economies in Asia and this is reflected in the consistently high standard of living available.
No. 3
Mexico
Due to its proximity to the U.S., established expat communities exist which help to ease the integration process and excellent properties can still be bought for far less than you’d pay in the States.
No. 2
Panama
When it comes to the “Benefits and Discounts for Retirees” category of the ranking, Panama has a perfect score of 100. For retirees, both local and foreign, the country offers a host of discounts with its pension program.
No. 1
Ecuador
Ecuador is the best country in the world to retire to, according to International Living’s Annual Global Retirement Index 2015. The country gets top scores (100) in the “Buying and Renting” and “Climate” categories and scores high across the board in all other categories. Expats are drawn by the low cost of living, perfect climate, the beautiful and diverse landscapes, and the favorable retiree benefits.
To view the complete rankings click here.