The Top Countries Where You Can Retire on $150K

How to retire in Spain

To apply for a “retirement visa” in Spain, you need to prove that you have an income of at least $2,500 per month, or $30,000 per year. You will also need to show that you have working health insurance in Spain.

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The French Social Security system allows expatriate retirees to transfer their rights to Health Insurance in Spain. It may take a few appointments to get your foreign visitor number (the NIE, needed for everything from opening a bank account to setting up the internet at home), but after that bureaucratic nonsense, the rest is a breeze.

6. Portugal

Portugal has captured the hearts of travelers and more people are deciding to settle there every year. With over 300 sunny days a year, it’s not hard to see why.

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The nation offers a lower cost of living than neighboring Spain, historic castles, and more fresh seafood than you could possibly want. In addition, it is quite stable, politically. Renting an apartment in a small town is your best bet for an affordable retirement. Portuguese public health care has been a bit under the climate lately, so private health care is strongly preferred by international residents.

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