5 Cheapest Countries for Retirement

3. Malaysia

Cost of Living Index: 35.0

Malaysia has so much more to offer retired expats than just a cheap cost of living. Its retirement visa option – Malaysia My Second Home – is considered one of the best in the world. Featuring an automatically renewable 10-year multiple entry visa for expats, the visa entry requirements are easy too. Utilities for two people cost under $50 on average, and couples can enjoy a fairly luxurious lifestyle for $2500. Moreover, the 2019 International Living Annual Global Retirement Index ranks Malaysia first in the Best-Expat-Healthcare-in-the-World category, a plus for retirees looking to move here.