Deciding on the best country (or countries) to live in for your retirement presents a fun challenge for anyone seeking to make their golden years the best ones yet – many of us want an engaging and beautiful place to explore and enjoy, yet also desire a mix of safety, high-quality healthcare, and a comfortable environment that feels like home. While the various options can seem a little overwhelming, having a clear ranking based on solid criteria can help strip away much of the guesswork when planning for a rich retirement. In this guide, we’ll unpack some of those essential factors and explore seven of our top picks for retirement destinations to help you choose the ideal backdrop for living your healthiest, happiest, and best life in retirement.
First, let's take a look at why so many retirees (and early retirees) are looking abroad.
Higher Life Expectancy = Higher Expectations
Life expectancy has been increasing globally for more than a decade due to advancements in healthcare and medical technology, improved living conditions, better nutrition, and a growing number of people adopting longevity lifestyle habits. As a result, the trend of proactively researching and vetting the best countries to live in during one’s mature years is gaining popularity. While many initially set their sights on a European country/neighboring countries, it's wise to expand the scope of your search to see what else the world has to offer. Numerous factors, including personal and professional goals, the country's cost of living, quality of life, etc. must be considered when relocating to a new country, with an extended visit often providing valuable insights. When assessing potential relocation countries, it’s crucial to contemplate each facet that aligns with your personal preferences and lifestyle choices.
Factors that serve as key indicators of the best country for wealthy retirement include:
- Cost of living
- Quality of life
- Cultural accessibility
- Political landscape
- Economic dynamics / favorable tax environment
- Healthcare
- Global Peace Index
- Community
- Personal safety
The level of interest in retirement within any given country reflects its global perception and attractiveness to potential retirees, expats, and even the new breed of digital nomads.
Best Countries to Live In
The following democratic countries list is based on a range of factors, mostly listed above, and other quality-of-life rankings data. However, it's important to note that one of the most significant factors - lifestyle, is very subjective. As such, we highly recommend doing an extended visit to your country of choice before deciding to settle permanently. We have also tried to spread the list out geographically and also consider factors for longevity, because who doesn’t want to live a long, healthy and happy life?
Switzerland - Overall Quality of Life
Switzerland is one of the top countries people want to retire to. It is widely celebrated for its outstanding quality of life and exceptional healthcare system, consistently ranked among the best in the world. With state-of-the-art medical facilities, highly skilled healthcare professionals, and universal access to quality care, wealthy retirees can enjoy peace of mind knowing that their health needs will be met with the utmost proficiency.
Moreover, Switzerland's favorable tax environment is a significant draw for affluent retirees. With its attractive tax policies, including favorable rates for individuals with high net worth, retirees can benefit from tax-efficient investment opportunities and preserve their wealth for future generations.
Other factors that wealthy retirees love about Switzerland are:
- Not too costly (when you live outside of the famous tourist & economic hotspots)
- Most free trade contracts in the world
- Legal security
- Stable currency
- Safety
- Well-connected international flights
- Efficient public transport system
Beyond its practical advantages, Switzerland offers a high environmental quality, cultural influence and recreational activities that cater to every interest and preference. In the capital city, Bern, you have world-class museums, galleries, and Michelin-starred restaurants. In the countryside, you have picturesque Alpine resorts and some of the most spectacular scenery in the world. Here, wealthy retirees can indulge in an active lifestyle of luxury travel and refinement.
Finally, Switzerland is famous for remaining neutral when it comes to European or global conflicts. If such events were to occur, retirees in Switzerland can rest assured they will not be an intended target.
Swiss Visa Options
An excellent option for high-net-worth retirees is the Swiss Residence Permit for non-EU/EFTA Nationals, which allows individuals to reside in Switzerland for purposes such as retirement, provided they meet certain criteria. While there is no specific minimum investment requirement, applicants must have a stable source of income to support themselves without relying on Swiss social assistance, as well as a clean criminal record and sufficient health insurance coverage.
Costa Rica - Nature and Wellness
One of the most compelling reasons for wealthy retirees to consider Costa Rica is its reputation as one of the world's Blue Zones, particularly the Nicoya Peninsula. Blue Zones are regions where people live significantly longer and healthier lives than the global average, and the Nicoya Peninsula is celebrated for its high concentration of centenarians and remarkable longevity. This longevity wellness is attributed to various factors, including a healthy diet rich in fruits, vegetables, and legumes, an active lifestyle centered around outdoor activities and community engagement, strong social connections, and a laid-back attitude toward life.
Moreover, Costa Rica offers a decent quality of life for a low cost of living compared to many other western countries, allowing retirees to stretch their retirement savings further while still enjoying a comfortable lifestyle. From affordable healthcare to reasonably-priced real estate and daily necessities, retirees can live well on a modest budget, freeing up resources to pursue leisure activities, experiences and cultural influence that enhance their well-being and happiness.
For Americans, it can also be an attractive option due to its close proximity to the United States should you wish to stay close to friends, family and business.
Costa Rica Visa Options
There are a few visa options for long-term stay in Costa Rica. Two attractive options for wealthy retirees are:
- Investor Visa: The Investor Visa is available to individuals who make a significant investment in the country's economy, such as purchasing real estate, starting a business, or investing in government-approved projects. The minimum investment amount varies depending on the investment category and is typically in the range of $200,000 to $300,000 USD. The Investor Visa typically leads to permanent residency status, providing wealthy retirees with a pathway to long-term residency.
- Rentista Visa: The Rentista Visa is tailored for individuals who can demonstrate a steady stream of income from investments, rental properties, or other passive income sources. Applicants must prove a minimum monthly income, usually around $2,500 to $3,000 USD, for at least two years. The Rentista Visa also grants permanent residency status, enabling retirees to reside on a long-term basis.
Finland - Happiness
What is it that Scandinavian countries get so right about quality of life? A lot, it turns out. While other Nordic countries such as Sweden, Denmark, Norway, and Iceland are all attractive options, let's take a look at Finland, as they’ve won the prize for the happiest nation in the world for seven years straight, according to the Gallup World Happiness Report.
The happiness index ranking finds Finland's small population enjoys a high quality of life, a strong sense of community, and a deep connection to nature. The country's commitment to social equality, excellent healthcare, and quality education contributes to a society where residents feel valued, supported, and empowered to lead fulfilling lives.
Moreover, Finland's breathtaking natural beauty and outdoor recreational opportunities make it an appealing destination for nature-loving retirees. From exploring the tranquil forests and the Baltic Sea to experiencing the enchanting spectacle of the Northern Lights, Finland offers endless opportunities for outdoor adventure and exploration. Retirees can indulge in activities such as hiking, fishing, skiing, berry picking, and more.
Finland Visa Options
Residence Permit for a Person Moving to Finland with Means: This visa option is aptly named and suitable for retirees who have sufficient financial resources to support themselves without needing to work in Finland. Applicants must demonstrate stable and regular income typically through savings, investments, pensions, or other passive income sources. The Finnish Immigration Service assesses each application based on the applicant's financial situation and ability to support themselves.
New Zealand - Scenery and Safety
New Zealand edges out Australia as a top spot down under when it comes to retirement prospects, primarily because of its more attractive “golden visa” option. Several high-profile and high-net-worth Americans have taken advantage of the golden visa to become citizens, such as Peter Thiel, who also invests in lifespan extension. Additionally, the country is also well-connected to other destinations in the South Pacific, including Australia.
One of the most compelling reasons for affluent retirees to consider New Zealand is its breathtaking natural scenery, which includes snow-capped mountains, pristine beaches, lush forests, and picturesque fjords. From exploring the majestic beauty of Fiordland National Park to basking in the sunshine on the beaches of the Bay of Islands, retirees can indulge in a variety of outdoor activities, immersing themselves in the serene and rejuvenating New Zealand landscape.
Moreover, New Zealand's reputation as one of the safest and most politically stable countries in the world provides residents with peace of mind and security in their retirement years. With low crime rates, a transparent legal system, a healthy economy, and a strong commitment to fair elections and human rights, New Zealand offers a stable and predictable environment where residents can enjoy a worry-free retirement lifestyle.
New Zealand Visa Options
New Zealand's Investor Visa: Often referred to as the 'New Zealand golden visa,' it offers wealthy individuals and investors an attractive pathway to residency and potential citizenship. The Investor Visa requires a significant financial investment in New Zealand's economy, typically through purchasing or establishing a business, investing in commercial property, or contributing to specified investment funds.
Singapore - Economic Freedom
Singapore offers low taxes and a business-friendly environment should you want to register a business or still work in your golden years. (After all, keeping an active mind has proven crucial for longevity.) Its strategic location in Southeast Asia makes it an ideal base for retirees who wish to explore the region, and with Changi Airport being one of the most connected hubs in the world, retirees can easily travel for leisure, relaxation, or adventure.
Moreover, Singapore's modern healthcare system is among the best in the world, with world-class medical facilities, highly skilled healthcare professionals, and advanced technology. Retirees can access quality healthcare services, including preventive care, specialist treatments, and wellness programs, helping to ensure ongoing health and vitality.
Another of the key attractions of Singapore for wealthy retirees is its reputation as one of the safest and cleanest cities in the world. With low crime rates, strict laws, and a well-maintained urban environment, retirees can enjoy a sense of security and peace of mind in their daily lives.
Singapore Visa Options
There are two great visa options for high-net-worth retirees looking to relocate to Singapore:
- Global Investor Program (GIP): The Global Investor Program (GIP) is offered by the Singapore Economic Development Board (EDB) to attract high-net-worth individuals and investors to Singapore. Under the GIP, eligible applicants who invest a minimum amount of SGD $2.5 million in a new business startup or expansion project or a GIP-approved fund may qualify for permanent residency in Singapore. Successful applicants and their immediate family members are granted an Entry Permit, which allows them to reside in Singapore indefinitely.
- Long-Term Visit Pass (LTVP): High-net-worth individuals who wish to reside in Singapore for an extended period without employment or business activities may apply for a Long-Term Visit Pass (LTVP). This visa is typically granted to spouses, children, or parents of Singaporean citizens or permanent residents, as well as certain individuals who have established strong ties to Singapore, such as investors, retirees, or individuals with exceptional talents or skills. The LTVP allows holders to stay in Singapore for an extended period, typically up to one to three years, with the possibility of renewal.
Italy - Low-Stress Lifestyle and Heart-Healthy Eating
Italy's Golden Visa program presents an enticing option for wealthy retirees seeking to enjoy a longer and more fulfilling life in a country renowned for its rich history, vibrant culture, and exceptional quality of life. Under this program, high-net-worth individuals have the opportunity to obtain residency in Italy by making a significant investment in the country's economy, thereby opening the door to a host of benefits and opportunities that can contribute to their overall well-being.
Furthermore, Sardinia, an Italian island located in the Mediterranean Sea, stands as one of the world's renowned Blue Zones (noticing a pattern here?), where individuals exhibit remarkable longevity. This region has garnered attention for its high concentration of centenarians and exceptional health outcomes attributed to various lifestyle factors, with the Mediterranean diet playing a pivotal role.
The Mediterranean diet, prevalent in Sardinia and other Blue Zones, emphasizes plant-based foods such as fruits, vegetables, whole grains, legumes, nuts, and olive oil, along with moderate consumption of fish, poultry, and dairy. This dietary pattern is rich in antioxidants, healthy fats, and micronutrients. Some of its numerous health benefits include reduced risk of heart disease, stroke, cancer, and other chronic illnesses. (However this doesn’t mean you can’t sneak in the odd pizza - after all, you are in Italy!)
An interesting finding in the blue zone study is the prevalence of the “wine at 5” habit with many of these centenarians, and Italy is no exception — there’s a good chance saying “yes” to a daily glass or two of fine Italian vino will aid your longevity!
Italy Visa Options
Italy's Golden Visa program: This program offers individuals the opportunity to obtain residency in Italy through investment in the country's economy. The requirements for the Golden Visa include:
- Investment Amount: The minimum investment required for Italy's Golden Visa program is €500,000.
- Investment Options: Investors can choose from various investment options, including real estate, government bonds, or shares in Italian companies.
- Source of Funds: Applicants must demonstrate that the investment funds originate from legal sources and are available for the specified investment.
- Health Insurance: Applicants are required to have health insurance coverage for themselves and their family members for the duration of their stay in Italy.
- Clean Criminal Record: Applicants must provide a certificate of good conduct or a clean criminal record from their country of residence.
- Residency Requirements: While there are no specific residency requirements for the Golden Visa, investors are expected to spend a significant amount of time in Italy to maintain their residency status.
- Application Process: The application process involves submitting the necessary documentation to the Italian authorities for review and approval.
Italy's Golden Visa program offers a straightforward pathway to residency for wealthy individuals who wish to invest in Italy's economy and enjoy the many benefits of living in this beautiful Mediterranean country.
Japan - Zen and Longevity
Japan is an increasingly attractive retirement option for high-standard retirees. If longevity and wellness are your goals, then Okinawa, a southern tropical island chain renowned for its residents’ exceptional longevity and well-being, could be for you. (And if a subtropical climate isn't your thing, then the country offers a diverse array of offerings, including world-class ski resorts).
The country boasts a first-class healthcare system with modern medical facilities, advanced technology, and highly skilled healthcare professionals. Retirees can access quality healthcare services, including preventive care, specialist treatments, and wellness programs.
Japan is also known for its low crime rates, efficient public services, and overall security. Retirees can enjoy a sense of peace and tranquility in their daily lives, knowing that they are residing in a country with a reputation for safety and stability.
Finally, retirees with a passion for societies that highly value respect, history, and culture can immerse themselves in Japan’s unique traditions, customs and food, creating unforgettable memories during their retirement.
Japan Visa Options
There are several options for affluent retirees:
- Investor/Business Manager Visa: High-net-worth individuals who wish to invest in or establish a business may apply for an Investor/Business Manager Visa. This visa is designed for entrepreneurs, investors, and business managers who plan to engage in business activities in Japan and contribute to the country's economy. To qualify, applicants must meet certain criteria, such as demonstrating sufficient financial resources and having a viable business plan.
- Designated Activities Visa: The Designated Activities Visa is a flexible visa option that allows individuals to engage in a variety of activities, including retirement, cultural enrichment, and volunteer work. Retirees may apply for this visa if they intend to reside here for an extended period without engaging in formal employment or business activities. The Designated Activities Visa typically requires proof of sufficient financial resources to support oneself during the stay.
- Long-Term Resident Visa: The Long-Term Resident Visa is available to individuals who have resided in Japan for an extended period and wish to continue living in the country. Retirees who have established strong ties, such as through long-term residency, community involvement, or cultural integration, may be eligible to apply for this visa. The Long-Term Resident Visa typically requires proof of financial stability and a clean criminal record.
Greece - Mediterranean Island Bliss
One of the key advantages of Greece is its Golden Visa program for affluent retirees which provides the opportunity to embrace the Mediterranean lifestyle, long associated with longevity and good health. The Greek diet, renowned for its emphasis on fresh fruits, vegetables, whole grains, olive oil, and fish, mirrors the renowned Mediterranean diet and has been linked to numerous health benefits, including reduced risk of heart disease, cancer, and other age-related ailments. Retirees who choose to settle in Greece can adopt this healthful eating pattern as part of their daily routine, enhancing their overall health and well-being.
Furthermore, the Greek island of Ikaria in the Aegean Sea stands out as an attractive option for those seeking longevity and well-being due to its designation as a Blue Zone. Renowned for its high concentration of centenarians and exceptional health outcomes, Ikaria has garnered international attention as a place where individuals live longer, healthier lives.
Greece Visa Options
Greece Golden Visa program: Greece's Golden Visa program offers a straightforward pathway to residency for affluent individuals who wish to invest in Greece's economy and enjoy the benefits of living in this beautiful Mediterranean country.
- Investment Amount: The minimum investment required for Greece's Golden Visa program is €250,000.
- Investment Options: Investors can choose from various investment options, including real estate, government bonds, or shares in Greek companies.
- Source of Funds: Applicants must demonstrate that the investment funds originate from legal sources and are available for the specified investment.
- Health Insurance: Applicants are required to have health insurance coverage for themselves and their family members for the duration of their stay in Greece.
- Clean Criminal Record: Applicants must provide a certificate of good conduct or a clean criminal record from their country of residence.
- Residency Requirements: While there are no specific residency requirements for the Golden Visa, investors are expected to spend a significant amount of time in Greece to maintain their residency status.
The Storylines Quality of Life
As all of the countries above are attractive in their own ways, it can be difficult to choose just one. So what if you didn’t have to choose? What if you could have many of the same benefits outlined in this guide coupled with the opportunity to travel and experience countries all around the world? Storylines’ MV Narrative, a luxury lifestyle vessel that continuously circumnavigates the globe, arguably offers the most attractive option for high-net-worth people seeking to live out their best years yet. No “golden visa” is required, yet almost every country on earth can be visited… all from the comfort of your own floating home.
Storylines offers a unique and unparalleled lifestyle experience that not only makes it the ideal option for wealthy retirees seeking a luxurious and fulfilling retirement but also for those who desire longevity. Some of the reasons why Storylines stands out as the best option for affluent retirees include:
- Luxury Residences at Sea: Storylines provides access to an exclusive private residential ship with elegantly designed homes ranging from studio cabins to spacious penthouses, offering wealthy retirees the opportunity to enjoy a comfortable and lavish living environment while traveling the world.
- Global Travel Experiences: Retirees can explore the globe in style and comfort aboard Storylines' residential ship, with carefully curated itineraries that allow them to visit some of the world's most stunning destinations, immerse themselves in diverse cultures, and enjoy unique experiences at every port of call.
- Wellness: Storylines prioritizes the well-being of its residents, offering a range of wellness amenities and programs designed to promote physical, emotional, and cognitive health. From state-of-the-art fitness centers and spa facilities to an optimal aging clinic and specialist, retirees can live a long and healthy life.
- Community and Connection: Storylines fosters a strong sense of community and connection among its residents, providing opportunities for social interaction, shared individual values and experiences, and meaningful relationships. Retirees can form friendships with like-minded individuals, participate in community events and activities, and build lifelong support systems with fellow residents.
- Sustainable Living: Storylines is committed to sustainability and environmental responsibility, with initiatives aimed at reducing carbon footprint, conserving resources, and supporting eco-friendly practices. Wealthy retirees can feel good about contributing to a more sustainable future while enjoying their retirement lifestyle onboard.
- Personalized Service and Hospitality: Storylines delivers exceptional service and hospitality, with a dedicated team of staff and crew members committed to ensuring the comfort, safety, and satisfaction of residents. Retirees can relax and enjoy a worry-free lifestyle, knowing that their needs and preferences are being attended to with care and attention to detail.
Storylines offers wealthy retirees the ultimate combination of luxury, adventure, wellness, community, and sustainability, making it an ideal option for those seeking an extraordinary retirement experience unlike any other. With Storylines, retirees can embark on a journey of a lifetime, exploring the world, forging meaningful connections, and living their best life at sea.
To learn more about all the ways Storylines can facilitate your ideal retirement, click here.