If retiring in the United States feels financially impossible, you’re not alone. With rising rent, food prices, and healthcare costs, many Americans worry that Social Security won’t be enough. But the truth is, you can retire comfortably on Social Security—if you’re willing to move abroad.
In many safe, beautiful countries, you can live well on $1,200–$1,800 per month, including rent, health insurance, food, and leisure. This guide reveals the 7 cheapest countries to retire on Social Security—safe, affordable options where your money goes further.
Table of Contents
- What Makes a Country Affordable for Retirement?
- Comparison Table: Cheapest Countries to Retire on Social Security
- Portugal
- Mexico
- Ecuador
- Thailand
- Philippines
- Costa Rica
- Morocco
- Sample Monthly Budget
- Pros and Cons of Retiring Abroad
- 90-Day Move Abroad Plan
- Final Thoughts
- FAQ
What Makes a Country One of the Cheapest Countries to Retire on Social Security?
The cheapest countries to retire on Social Security have:
- Low cost of living
- Affordable healthcare
- Safe environment
- Retirement visa options
- Good infrastructure
- Welcoming expat communities
These destinations allow you to stretch your Social Security income without sacrificing quality of life.
Comparison Table: Cheapest Countries to Retire on Social Security
| Country | Monthly Budget | Rent (1BR) | Safety | Healthcare |
|---|---|---|---|---|
| Portugal | $1,400–$1,900 | $500–$800 | Very Safe | Excellent |
| Mexico | $1,000–$1,600 | $350–$700 | Safe | Good |
| Ecuador | $900–$1,300 | $250–$500 | Safe | Good |
| Thailand | $1,000–$1,500 | $300–$500 | Safe | Excellent |
| Philippines | $900–$1,300 | $200–$350 | Medium | Good Private Care |
| Costa Rica | $1,400–$1,900 | $500–$800 | Very Safe | Very Good |
| Morocco | $900–$1,400 | $200–$400 | Safe | Affordable Private Care |
1. Portugal – Best Overall Retirement Destination
Portugal has become one of the best and cheapest countries to retire on Social Security thanks to its safety, climate, and low cost of living.
Best Cities: Braga, Porto, Tavira
Why It’s Great: Affordable healthcare, friendly locals, mild weather
Lifestyle Cost: $1,400–$1,900/month
Retirees enjoy European quality living at a lower cost than the U.S.
2. Mexico – Best for Staying Close to the U.S.
Mexico is one of the cheapest countries to retire on Social Security if you want to be close to family. Modern medical care, large expat communities, and short flights make it ideal.
Best Cities: Mérida, Lake Chapala, Querétaro
Why It’s Great: Warm weather, friendly culture, affordable housing
Lifestyle Cost: $1,000–$1,600/month
3. Ecuador – Best for Mountain Living
Ecuador offers a high quality of life on a very low budget. Many retirees live comfortably on less than $1,200 a month.
Best Cities: Cuenca, Loja
Why It’s Great: Affordable, laid-back, clean cities
Lifestyle Cost: $900–$1,300/month
4. Thailand – Best Healthcare Value
Thailand is a top pick for retirees seeking tropical life and excellent healthcare at low prices.
Best Cities: Chiang Mai, Hua Hin
Why It’s Great: World-class hospitals, strong expat community
Lifestyle Cost: $1,000–$1,500/month
5. Philippines – Best Low-Budget English-Speaking Option
The Philippines is one of the cheapest countries to retire on Social Security and has the advantage of English being widely spoken.
Best Cities: Dumaguete, Cebu
Why It’s Great: Friendly people, tropical islands
Lifestyle Cost: $900–$1,300/month
6. Costa Rica – Best Nature Lifestyle
Costa Rica is slightly more expensive than other choices but offers one of the best lifestyles in the world.
Best Cities: Atenas, Grecia
Why It’s Great: Safe, stable, beautiful environment
Lifestyle Cost: $1,400–$1,900/month
7. Morocco – Most Affordable Mediterranean Lifestyle
Morocco combines culture, natural beauty, and affordable living—without leaving you far from Europe.
Best Cities: Agadir, Marrakech, Tangier
Why It’s Great: Low cost, great food, warm climate
Lifestyle Cost: $900–$1,400/month
Sample Monthly Budget for Retiring Abroad
| Expense Category | Estimated Cost |
|---|---|
| Rent | $400–$700 |
| Food | $180–$250 |
| Transportation | $30–$60 |
| Healthcare Insurance | $70–$150 |
| Utilities + Internet | $70–$120 |
| Entertainment | $80–$120 |
| Total | $930–$1,550 |
Pros and Cons of Retiring Abroad
✅ Pros
- Lower living costs
- Better lifestyle for less
- Affordable private healthcare
- Opportunities to travel
⚠️ Cons
- Distance from family
- Need to adapt to a new culture
- Visa paperwork
- Possible language barrier
90-Day Move Abroad Plan
Days 1–30: Research
- Choose 2–3 potential countries
- Join expat Facebook groups
- Watch cost-of-living YouTube channels
Days 31–60: Plan
- Set a monthly budget
- Research visa options
- Shortlist safe neighborhoods
Days 61–90: Test
- Take a scouting trip
- Visit clinics, banks, and markets
- Meet other retirees
Final Thoughts
America may be an expensive place to retire, but retirement isn’t canceled—it just looks different now. For those willing to explore, the cheapest countries to retire on Social Security offer freedom, safety, comfort, and dignity. Whether your dream is to relax near the ocean, live in a historic European town, or enjoy warm weather year-round, retiring abroad can make it possible—even on a modest income.
FAQ
Can I retire on Social Security alone?
Yes, if you choose an affordable country with a low cost of living.
What is the cheapest country to retire on Social Security?
Ecuador, Morocco, and the Philippines are among the cheapest options.
How much do I need per month to retire abroad?
Most retirees live well on $1,200–$1,500 per month.
Is retiring abroad safe?
Yes—if you choose stable, expat-friendly locations.
