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.
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.
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.
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.