Forbes' 10 Best Places to Retire, Panama Takes the Crown

TEMPO.CO, Jakarta -  is all about slowing down, enjoying life, and maybe even chasing that long-held dream of living somewhere exciting. Certain places across the globe offer the best experience to enjoy your retirement days.

These destinations offer not just great weather and breathtaking views but also a lower cost of living and even quality healthcare. Without further ado, here are ten of the best places to retire that might just be your dream spot.

List of the Best Places to Retire in the World

Forbes has listed the best places around the world in 2025 to spend your golden years based on the Annual Global Retirement Index, with Panama securing first place. The rest will include the following:

1. Panama

Panama is crowned to be the best place to retire for its affordable cost of living and breathtaking views. Above all, the main appeal of this country lies in its Pensionado Visa, which allows retirees with a lifetime pension of at least US$1,000 per month to obtain permanent residency.

This program also comes with abundant benefits that include discounts on utilities, entertainment, and medical care, further solidifying Panama’s legacy as .

2. Portugal

Panama dethrones Portugal as the best country for retirement, but the latter remains an attractive destination for retirees. Overall, the country showcases a relatively low cost of living, coupled with breathtaking coastal views.

The healthcare services in the country are of high quality and affordable. Moreover, given the D7 visa, it is easier for foreign nationals who wish to retire in Portugal to establish residency.

3. Costa Rica

If you’re dreaming of a tropical retirement, Costa Rica might be your best bet. Renowned for its "Pura Vida" lifestyle, this Central American country is all about enjoying nature and living stress-free.

The cost of living is reasonable, the surrounding landscape is unparalleled, and the locals are incredibly welcoming. Plus, if you’re environmentally conscious, Costa Rica is your go-to since the country embraces eco-friendly living.

4. Mexico

Mexico is one of the easiest and most affordable retirement destinations, especially for most Americans. With its warm climate, stunning beaches, and vibrant culture, it's no wonder so many retirees choose to settle here.

The country offers great expat communities, excellent healthcare, and a lower cost of living compared to the United States (U.S.). Moreover, the close proximity to home makes it easy for family visits.

5. France

France, the so-called City of Lights, not only beckons travelers but also retirees. While Paris can be pricey, small towns in its southwestern region, like Oloron-Sainte-Marie and Pau, offer a more affordable and relaxed lifestyle, with a backdrop of astonishing natural beauty.

The French healthcare system is one of the best in the world, and the food and wine? Simply unbeatable.

6. Spain

Sitting in the sixth position is Spain. Another European hotspot for retirees, the country pampers expats with its excellent public healthcare system, warm climate, and stunning coastal areas.

For more affordable housing, consider residing in smaller cities and towns along the Mediterranean coast.

7. Malaysia

Malaysia is one of Asia’s hidden gems for retirees. The country offers high-quality yet affordable healthcare, a low cost of living, and a mix of modern cities and tropical retreats.

English is widely spoken, and the Malaysia My Second Home (MM2H) visa program, which is renewable, makes it easy for retirees, as well as digital nomads, to settle in.

8. Greece

Imagine retiring in a place where history, breathtaking landscapes, and warm hospitality come together; Greece offers just that. From the whitewashed homes of Santorini to the peaceful villages of Crete, this country is a retiree's paradise.

Aside from its calm turquoise waters, the cost of living in Greece’s non-tourist spots is relatively low. To be precise, residing in Corfu enables you to embrace a modest life, costing you around €60–€80 at the local market each week.

9. Italy

For retirees who love culture, history, and world-class cuisine, Italy is hard to beat. While cities like Rome and Milan can be expensive, smaller towns and non-tourist areas offer a much more affordable lifestyle.

In order to establish residency in Italy, you must demonstrate financial stability and provide a rationale for your relocation.

10. Thailand

Rounding off our list of the best places to retire is Thailand, a coastal paradise for beachgoers. The SEA country provides an exciting and budget-friendly retirement experience, and cities like Chiang Mai attract retirees with their laid-back atmosphere and low expenses.

Thai cuisine is reputable for its authentic, rich taste. Moreover, settling in Thailand means you will get the opportunity to live a healthy and active lifestyle.

These ten places offer incredible opportunities to spend your days. For more similar content, see also our article on that will guide you in choosing the best destination for your academic journey.

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