For many, retirement is a time to unwind, explore new passions, and bask in a life well-lived. There are many places that are perfect for retirement around the world, with plenty of countries suitable to retire to if you’re a millionaire, and others that offer a cheap retirement haven. But a crucial factor in achieving the retirement dream is security. Selecting a country with low crime rates, political stability, and a strong social safety net becomes paramount. Here are 7 of the world’s safest countries to retire, each boasting unique advantages.
8. Slovenia
Slovenia, a picturesque country nestled between Austria, Italy, Hungary, and Croatia, boasts a remarkable 8th place ranking in the 2023 GPI. This small nation offers stunning natural beauty, with soaring mountains, crystal-clear lakes, and a beautiful Adriatic coastline. Slovenia is known for its charming towns, rich cultural heritage, and emphasis on outdoor activities. The cost of living is low, with an average monthly expenditure of around €1,800 (US$1,950) excluding rent. Property can range from apartments for €100,000 (US$107,000) to charming villas for €500,000 (US$540,000). Slovenia’s strong social safety net and focus on sustainability make it an ideal haven for retirees seeking a safe, beautiful, and affordable European escape.
7. Portugal
Portugal, nestled on the Iberian Peninsula, consistently ranks high on the Global Peace Index (GPI) – 7th in 2023 – making it a haven of tranquility. Retirees are drawn to its picturesque villages, stunning coastline, and vibrant culture. The cost of living is lower than most Western European countries, with an average monthly expense of around €2,000 (US$2,150) excluding rent. Property can range from cozy apartments for €150,000 (US$162,000) to charming villas for €500,000 (US$540,000). Portugal’s NHR (Non-Habitual Resident) program offers tax benefits on pensions and foreign income for qualifying retirees, adding to its allure.
6. Singapore
Singapore, a Southeast Asian island nation, stands out for its safety and efficiency. It boasts a low crime rate and a strong legal system, ranking 6th in the GPI. This ultra-modern metropolis offers a dynamic lifestyle with world-class healthcare, excellent public transportation, and a multicultural ambiance. The cost of living is higher than Portugal, with an average monthly expenditure of around S$4,000 (US$3,000) excluding rent. Property prices are also steeper, with condominiums starting around S$1 million (US$740,000). However, Singapore’s excellent infrastructure, reliable services, and plethora of recreational activities make it an attractive option for retirees seeking an active urban lifestyle.
5. Austria
Austria, a landlocked Central European nation, offers a breathtaking backdrop of snow-capped mountains and charming towns. Ranking 5th in the GPI, it boasts political stability and a robust social safety net. Retirees are drawn to the stunning scenery, rich cultural heritage, and emphasis on outdoor activities. The cost of living varies depending on location. In larger cities like Vienna, expect monthly expenses of around €2,500 (US$2,700) excluding rent. Property can range from cozy apartments for €200,000 (US$215,000) to traditional chalets for upwards of €1 million (US$1.1 million). Austria’s excellent healthcare system and focus on well-being make it ideal for retirees seeking a scenic and healthy lifestyle.
4. New Zealand
New Zealand, an island nation in the South Pacific, is renowned for its breathtaking scenery, friendly locals, and laid-back lifestyle. It consistently ranks high on the GPI (4th in 2023), offering a safe and secure environment. Retirees are captivated by its pristine beaches, dramatic mountains, and abundance of outdoor activities. The cost of living varies depending on location. In larger cities like Auckland, expect monthly expenses of around NZ$4,000 (US$2,800) excluding rent. Property can range from apartments for NZ$500,000 (US$350,000) to waterfront homes for several million dollars. New Zealand’s strong social safety net, excellent healthcare system, and emphasis on community make it ideal for retirees seeking an active and adventurous retirement.
3. Ireland
Ireland, an island nation off the coast of Great Britain, offers a warm welcome and a rich cultural tapestry. Ranking 3rd in the GPI, it boasts a low crime rate and a friendly population. Retirees are drawn to its rolling green hills, charming towns, and vibrant traditional music scene. The cost of living varies depending on location. In Dublin, expect monthly expenses of around €3,000 (US$3,250) excluding rent. Property can range from cozy cottages for €200,000 (US$215,000) to historic homes for over €1 million (US$1.1 million). Ireland’s strong sense of community, excellent healthcare system, and stunning scenery make it ideal for retirees seeking a warm and welcoming environment.
2. Denmark
Denmark, a Scandinavian nation known for its concept of “hygge” (cozy contentment), consistently ranks high on happiness indexes. Ranking 2nd in the GPI, Denmark is widely considered exceptionally safe. Retirees are drawn to its strong social safety net, progressive social policies, and focus on work-life balance. The cost of living is high, with an average monthly expenditure of around DKK 25,000 (US$3,700) excluding rent. Property prices are also steep, with apartments starting around DKK 3 million (US$440,000). However, Denmark’s excellent healthcare system, generous social benefits, and emphasis on well-being make it an attractive option for retirees seeking a secure and fulfilling retirement.
1. Iceland
Iceland, a volcanic island nation in the North Atlantic, offers a unique and breathtaking landscape. Ranking 1st in the GPI (2023), it boasts political stability, a low crime rate, and a strong sense of community. Retirees are drawn to its dramatic glaciers, geothermal wonders, and otherworldly scenery. The cost of living is high, with an average monthly expenditure of around ISK 100,000 (US$800) excluding rent. Property can range from apartments for ISK 5 million (US$40,000) to secluded homes for several million Icelandic krona. Iceland’s clean air, stunning natural beauty, and close-knit communities make it ideal for retirees seeking an adventurous and culturally enriching retirement.
