5 Best Places for Canadians to Retire Abroad

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1. Algarve, Portugal

Insider Monkey Score: 16.6

One of the best places for Canadians to retire abroad is the Algarve region in Portugal. On average, an individual expat retiree would need $2,000 to live here per month. Excellent beaches, affordable living, and the year-round mild climate make it an appealing destination to retire to. The hottest month in Algarve is July with an average temperature of 24°C (74°F) and the coldest is January at 12°C (54°F).

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