5 Best Places to Retire in the World on Social Security

3. Georgetown, Malaysia

Insider Monkey Score: 35

Georgetown, the capital city of Penang Island, is also an excellent choice for those looking to live on their social security. The city offers a mix of Chinese houses and skyscrapers, giving the city a unique aura. There are white sandy beaches, historical temples, and lush jungles filled with monkeys to explore. $1,455 is ample enough to live here, leaving a decent amount behind to save or splurge. There is plenty more to do at Penang National Park, Kek Lok Si Temple, and Penang Hill. Residents can also expect affordable and high-quality treatment thanks to Malaysia’s health tourism designation.