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Top 10 places in the world to retire

Health, wealth and happiness. It’s the recipe for the perfect retirement, but where do you find it? We’ve compared facts, figures and opinions from all round the world to compile this list of the top 10 retirement destinations that can give you more bang for your retirement buck.

Algarve, Portugal

01

Algarve, Portugal

Algarve has true European old world charm. It also has excellent healthcare facilities and some of the best fishing, golf courses and water sports in Europe. A retiree can easily arrange residency, and live here comfortably on $1,500 a month.

Chiang Mai, Thailand

02

Chiang Mai, Thailand

Chiang Mai is home to a number of Australian retirees, drawn to the great weather and low cost of living. A retired couple can live comfortably on $920 a month and household help is affordable. Western retirees can easily find work to supplement their retirement incomes.

Panama, Central America

03

Panama, Central America

Panama might sound like an odd choice, but the economy is healthy, the government is stable and the weather is warm all year round. A couple can live comfortably on $1,000 a month, and the Pensionado Retiree residency program is considered to be among the world’s best.

Barbados, Central America

04

Barbados, Central America

Barbados boasts an easy-going Caribbean lifestyle, with lots of sun, sand, sea and friendly people. Barbados has a high standard of living, an excellent healthcare system, and property taxes are low too.

George Town, Malaysia

05

George Town, Malaysia

George Town’s culture blends a rich Asian heritage with British colonial charm. A retired couple can live comfortably here for around $1,100 a month. With year-round sunshine, beautiful beaches, great shopping and excellent restaurants, it is an ideal place to retire.

Dumaguete, Philippines

06

Dumaguete, Philippines

Dumaguete, Philippines, has been described as one of the best places for beachfront living on a budget. The climate is tropical, the beaches are beautiful and the cost of living is low – a couple could retire happily here on $1,000 a month.

Nha Trang, Vietnam

07

Nha Trang, Vietnam

Nha Trang is known as the beach capital of Vietnam. English is widely spoken, the locals are welcoming, the food is delicious, and the weather is comfortable all year round. The cost of living is a real drawcard – around $700 a month buys a very pleasant lifestyle for a couple.

Cuenca, Ecuador

08

Cuenca, Ecuador

Cuenca is fast-becoming a retirement hotspot. It has a mild climate all year round, world-class medical facilities and discounts of around 50 per cent for over-65s on transport, sporting events, movies and utilities. A couple can easily get by on $1,200 a month.

Tralee, Ireland

09

Tralee, Ireland

Tralee is the place to retire if you want a cooler climate. It’s an authentic Irish country town with superbly preserved buildings, homes and monuments. The cost of living in Tralee is very affordable, and a couple can live comfortably here for around $1,500 a month.

Sunshine Coast, Australia

10

Sunshine Coast, Australia

The Sunshine Coast offers sea-change or tree-change living. The weather is superb, the median house price is around $440,000 ($338,000 for units), and there are first-class facilities, clubs and restaurants. Plus, it’s a lot closer to home than the other destinations.

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