In this article, we take a look at the 5 best countries to retire overseas where English is spoken. For more such countries, go to the 20 Best Countries to Retire Overseas Where English is Spoken.
5. Malaysia
Insider Monkey’s Score:5
According to the Global Retirement Index 2022, Malaysia ranks Malaysia as one of the best places for retirement. Development, cost of living, and healthcare are the top performing areas in which Malaysia has scored above 90. Its retirement visa program, called Malaysia My Second Home, is an attractive visa option for retirees.
4. Panama
Insider Monkey’s Score:6
Panama is one of the best places to retire, according to the 2022 Retirement Index. Its low cost of living, diversity, and great weather make it a great place for retirees. Its great visa benefits mean retirees only need $1000 a month. When granted, the visa requirement comes with a wide range of benefits. Benefits include huge discounts on hotels, entertainment, public transport, healthcare, and even utilities.
3. Mexico
Insider Monkey’s Score:6
The simple lifestyle, fantastic weather, and cultural appeal make Mexico an attractive destination for retirees. The cost of living in the country is one-third lower than in the U.S. Moreover, good quality healthcare, adequate sunshine, and affordable housing options make this country a good option to consider. Retired couples can comfortably live in Mexico with an average monthly income of $2500. This includes utilities, groceries, maid service, house, and even health insurance.
2. Portugal
Insider Monkey’s Score:6
Portugal stands second on our list of top 20 countries to retire in thanks to its enviably low cost of living, integration ease, 300-day sunshine climate, and outdoor lifestyle. The country is famous for its laid-back lifestyle with lots of fresh produce, leisurely meals, and friendly people. The country also has many shopping malls, golf clubs, bars, and restaurants to explore.
1. Malta
Insider Monkey’s Score:8
Malta ranks first in our list of top 20 countries owing to its excellent climate, friendly people, and magnificent scenery. It is located in the middle of the Mediterranean and offers just the right mix of sunny skies and mild winters. The country also offers excellent healthcare facilities and stands in the top 30 countries on the Global Peacefulness Index. This English-speaking island is more affordable than North America, with couples living comfortably on average $2500 per month.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 15 Best Retirement Communities for Active Adults and 15 Biggest Retirement Communities in the World.