Dreaming of golden years filled with leisure, travel, and pursuing passions? You’re not alone. There are plenty of countries to retire to, including those who prioritize safety, others that focus on healthcare, and some that are perfect for budget-conscious retirees. But the reality of retirement is heavily influenced by where you choose to spend it. While some countries offer a short window of post-work life due to lower life expectancies or high retirement ages, others provide the perfect blend for a long and fulfilling retirement. This analysis takes inspiration from a study by Al Jazeera, which highlights countries where the gap between retirement age and life expectancy is widest. We’ve delved deeper to explore not just the longevity aspect, but also factors that contribute to an overall enriching retirement experience. So, pack your bags – here are the top 7 countries where you will have the longest retirement.
7. Switzerland (Average Retirement Length: 17 years)
Switzerland is synonymous with breathtaking landscapes, immaculate cities, and a high quality of life. This translates beautifully into retirement. With a robust healthcare system ranked amongst the best globally, and an average life expectancy of 84 years, retirees in Switzerland can expect a long and healthy post-work life. Beyond the physical well-being, Switzerland offers a plethora of cultural experiences, from world-class museums to charming local festivals. The country’s stunning natural beauty also beckons outdoor enthusiasts, with opportunities for hiking, skiing, and soaking up the fresh mountain air.
6. Malta (Average Retirement Length: 17 years)
For those seeking a sun-drenched retirement haven, Malta beckons. This small island nation boasts a warm climate, stunning coastlines, and a rich cultural tapestry. With a retirement age of 65 and a life expectancy of 82 years, retirees in Malta can enjoy a long and comfortable post-work life. The cost of living in Malta is generally lower compared to other European countries, making it an attractive option for budget-conscious retirees. Additionally, Malta offers a welcoming environment for foreigners, with a hassle-free residency program specifically designed for retirees.
5. South Korea (Average Retirement Length: 18 years)
South Korea might surprise some on this list, but it offers a compelling proposition for retirees seeking a vibrant and dynamic environment. The country boasts a highly developed infrastructure with excellent public transportation systems and readily available technology. This makes navigating daily life a breeze for retirees. South Korea also offers a unique blend of ancient traditions and modern marvels. Explore bustling metropolises like Seoul alongside serene temples and historical palaces. The country’s efficient healthcare system and rising life expectancy of 83 years further solidify its position as a great retirement destination.
4. Luxembourg (Average Retirement Length: 19 years)
Nestled amidst France, Germany, and Belgium, Luxembourg is a tiny European nation with a big reputation for quality of life. Retirees here benefit from a stable political and economic climate, coupled with a multilingual environment. The country boasts a highly developed healthcare system and a life expectancy of 82 years. Luxembourg also offers a vibrant cultural scene, with museums, art galleries, and charming cafes lining the streets. Additionally, the country’s strong international connections make it a great base for exploring neighboring European destinations.
3. Italy (Average Retirement Length: 19 years)
Italy, the land of delicious food, rich history, and breathtaking scenery, is a natural draw for retirees. With a retirement age of 67 and a life expectancy of 84 years, Italy offers ample time to soak up its many charms. From exploring the ancient ruins of Rome to indulging in the vibrant culture of Venice, there’s always something new to discover. The country’s strong emphasis on family and community creates a welcoming atmosphere for retirees. Additionally, the relaxed pace of life in many Italian towns and villages fosters a sense of well-being and contentment.
2. Turkey (Average Retirement Length: 24 years)
Straddling the continents of Europe and Asia, Turkey offers a unique blend of cultures and experiences. The country boasts a rich history, stunning natural beauty, and a vibrant culinary scene. Retirees in Turkey can enjoy a comfortable lifestyle at a more affordable cost compared to many European destinations. The healthcare system in Turkey is well-developed, with a growing number of hospitals and clinics catering specifically to foreign retirees. With a retirement age of 60 and a life expectancy of 79 years, Turkey allows retirees to enjoy a long and enriching post-work life.
1. Saudi Arabia (Average Retirement Length: 26 years)
Saudi Arabia might seem like an unexpected entry on this list. However, the country is undergoing significant social and economic reforms, making it a more attractive proposition for retirees. The government is actively promoting tourism and attracting foreign investment, which translates to improved infrastructure and a more cosmopolitan lifestyle. Retirees in Saudi Arabia can benefit from a relatively low cost of living, particularly for housing. Additionally, the country boasts a rich cultural heritage with historical sites and vibrant traditions waiting to be explored. With a retirement age of 60 and a life expectancy of 77 years, Saudi Arabia offers a long retirement window, though it’s on the shorter end compared to other countries on this list.
