10 Places Where You Can Retire Comfortably with $150k or Less

As an American, you can get about $18,000 in total from Social Security annually. That's not quite enough for retirees to live a respectable life, especially considering the expensive, out-of-pocket health care costs. But have you ever thought about moving to a different country with less costs of health care, housing, and daily use? Here is a list of 10 places where you can retire comfortably with $150k or less.

1. Bolivia

Bolivia is a landlocked nation in South America, which keeps attracting tourists and retirees with its pleasant climate, distinctive landscape, and low cost of living. If you speak Spanish, you'll blend in this country better. La Paz, Santa Cruz, and Tarija will be great choices for a comfortable retirement with less than $1,000 per month.

2. Chile

Chile is well known for its amazing beaches, majestic mountains, thriving cities, and welcoming people. Retirees can lead a secure, enjoyable lifestyle in this stable country. About $1,000 will be enough to cover basic living expenses in a month. If you want to eat out often, or go for a travel, it will only cost you extra several hundred dollars.

3. Italy

It is true that Italy has world famous tourist attractions and fashion designers, but life in Italy can actually cost less than you think. For example, you can find a nice home for about $32,000 in southern Basilicata. And renting a one-bedroom apartment in Matera may cost about $625 per month. Or you can live a cozy life in eastern Puglia, enjoying the sunny beaches and fresh seafood.

4. Spain

Spain has long been considered as a fantastic retirement haven. You can enjoy its delectable cuisines and mild weather with low living costs. But house prices vary across Spain, houses in places like Valencia will be much more affordable than Barcelona. What’s more, Spain can offer superior healthcare system, modern public transportation, and extensive internet connection.

5. Malta

Malta is a Mediterranean country with a mild climate and a rich culture. But living expenses are still low. The fact that English is one of Malta's official languages makes it easier for foreign retirees to adapt. You can get relaxed on its beaches while watching beautiful sunsets. Usually, renting a house a month on the northern island of Gozo will cost you only $500 at most.

6. Panama

Panama has been a well-liked location for retirement and investment due to its high quality of life and superior healthcare system. You can spend your time in this country with all the glorious sunshine, culture, and natural beauty. Although Spanish is the official language in Panama, English is also widely spoken, especially in big cities. In fact, living costs will be about 46% lower in Panama than the United States.

7. Portugal

Portugal is definitely a great option if you're seeking a cozy place to reside. This beautiful, peaceful country can offer excellent healthcare and retirement advantages. People who can earn $1,400 a month can afford the living cost in Portugal with its visa and tax programs. If you prefer good weather, you will be happy to know that there are more than 300 sunny days in Portugal every year!

8. Uruguay

Uruguay is a beautiful country in South America. It has a population of just over 3 million, and it's blessed with a wealth of natural resources - including mountains, lakes, and rain forests. Uruguay has a long history of political and social stability and affordable cost of living for retirees. You can get cozy in Salto for only $800 per month.

9. Costa Rica

Thanks to its stable political situation, stunning beaches, and lush forests, Costa Rica ranks as one of the most affordable retirement locations in the world. It's possible to live a coastal life on $1,000 per month in the towns of Dominical, Ojochal, and Uvita with amenities as well as medical care. In addition, retirees from North America are huge fans of the Southern Zone of Costa Rica.

10. Malaysia

Malaysia is a great option for English-speaking retirees for its pleasant weather and delicious foods. Even in its capital, Kuala Lumpur, you could pay less than $600 a month to rent a one-bedroom apartment. And in Penang, it costs even less, about $290 per month! Its top-notch healthcare system is available, you can access both public and private clinics.