The Top Countries Where You Can Retire on $150K

How to retire in Chile

If you want to enter Chile with the intention of retiring there, you will need a regular tourist visa and then apply to change it to a retirement or income visa. These are good for a year.


Once your temporary visa is approved, you will need to stay in Chile for 180 days per year to be able to apply for permanent residence. There is no official minimum income requirement. But the Spencer Global law firm in Chile estimates that you would need at least $1,000 per person for the first one or two years to complete the visa process and settle your domicile in Chile.

13. Uruguay

Uruguay is one of the richest countries in South America and has a strong democratic government, modern infrastructure, white sandy beaches and a temperate four-season climate.

The cost of living is higher than in other Latin American countries. But the cost of food, shelter and clothing is still much cheaper than in Europe. In Salto, the second largest city in Uruguay, you can spend $800 a month and live comfortably. Uruguay’s most popular healthcare option is called a mutualist . It costs around $100 per month, provides access to a private hospital and clinics, and covers just about all of your health care needs.