I Asked ChatGPT How to Retire Abroad on a Budget—Here Are the 12 Countries It Picked

I asked ChatGPT how someone could retire overseas without draining their savings, and it gave me a list of 12 budget-friendly countries that offer comfort, safety, and affordability.

Chris Graciano
November 18, 2025
4 min read

I Asked ChatGPT How to Retire Abroad on a Budget—Here Are the 12 Countries It Picked — Max Harlynking on Unsplash

Retiring abroad can stretch your savings further while giving you a richer, more relaxed lifestyle. ChatGPT highlighted countries where everyday costs are low, healthcare is affordable, and the quality of life is surprisingly high. This guide walks you through the top destinations and why each one is ideal for people looking to retire comfortably on a budget.

1. 1. Portugal

Portugal offers an easygoing lifestyle, mild weather, and some of the lowest living costs in Western Europe. Healthcare is affordable and high-quality, and many locals speak English, which makes adjusting much easier for Americans. From coastal towns to historic cities, you can live well without overspending.

2. 2. Mexico

Mexico remains one of the most popular destinations for budget-conscious retirees. Housing, food, and transportation are incredibly affordable, and you can choose between beach towns, mountain cities, or quiet rural areas. Its proximity to the U.S. also makes travel and family visits easy and inexpensive.

3. 3. Costa Rica

Costa Rica’s natural beauty and friendly culture attract retirees from all over the world. The cost of living is moderate, and the country offers excellent healthcare options for a fraction of U.S. prices. With stable politics and peaceful communities, it’s a place where outdoor lovers thrive.

4. 4. Panama

Panama provides a strong expat community and one of the best retiree programs in the world. The Pensionado program grants discounts on entertainment, utilities, transportation, and more. Lower taxes and modern infrastructure make it a smart choice for long-term living.

5. 5. Thailand

Retiring in Thailand means stretching your dollars while enjoying tropical weather and vibrant culture. Street food, housing, and healthcare are surprisingly affordable, even in major cities. Whether you prefer islands or bustling markets, you can live comfortably on a modest budget.

6. 6. Malaysia

Malaysia offers modern conveniences at very low prices, especially when it comes to food and housing. Healthcare is reliable and inexpensive, and English is widely spoken in many areas. Its diverse culture and beautiful landscapes give retirees plenty to explore.

7. 7. Ecuador

Ecuador is known for its low cost of living and stunning variety of environments, from beaches to mountain towns. Public transportation is cheap, and fresh produce is abundant and affordable. Many American retirees find it easy to settle into its laid-back lifestyle.

8. 8. Vietnam

Vietnam gives retirees a vibrant lifestyle with extremely low day-to-day costs. Apartments, fresh food, and local services are very affordable, even in cities like Da Nang and Ho Chi Minh City. The warm community atmosphere and beautiful scenery make it a lively place to live.

9. 9. Colombia

Colombia has transformed over the past decade and now offers safe, welcoming areas ideal for retirees. Cities like Medellín provide perfect spring-like weather year-round with budget-friendly housing and healthcare. Its culture, food, and friendliness make it surprisingly easy to call home.

10. 10. Spain

Spain offers a slower pace of life, sunny weather, and excellent public healthcare. While some regions are pricier, many smaller cities and coastal areas are very affordable. Retirees enjoy a rich culture, delicious food, and a strong community living at reasonable costs.

11. 11. Bulgaria

Bulgaria stands out with some of the lowest prices in Europe, especially for housing and daily essentials. Its peaceful countryside, historic towns, and pleasant beaches offer a calm retirement lifestyle. You get European charm without high European costs.

12. 12. Philippines

The Philippines provides warm weather, friendly locals, and extremely low living expenses. English is widely spoken, which eliminates most language barriers for Americans. With beaches, islands, and bustling cities, retirees have plenty of options for a comfortable life on a budget.