10 Best Places to Retire in Europe in 2024

When you start seeing the end of the line to your professional working career, you’re probably thinking of where to retire. If Europe is the continent you are considering, then extensive research and elaborate retirement planning must be done to choose the best places to retire in Europe.

Europe is filled with diversity and countries that guarantee beautiful beaches with year-round sunshine, a healthy Mediterranean, and plenty of scenic places to spend your golden years. This guide lists the ten best places to retire in Europe, along with their ranking on the Global Retirement Index and the Global Citizen Solutions Quality of Life Index. The guide also highlights the average cost of living, healthcare costs, and the visas available to make for a smooth transition. 

Choosing the Best Places to Retire in Europe

When planning retirement abroad, especially in foreign countries across Europe, consider key factors like cultural experiences, housing prices, healthcare quality, and available retirement visas. Many European destinations offer retirement visas that allow extended stays and often lower living costs, which helps savings go further.

Focus on European countries with public hospitals and private healthcare options that are affordable and offer quality care in many regions.

For guidance on choosing the best places to retire, metrics like the Global Citizen Solutions retirement guide  and the Quality of Life Index are helpful. According to a recent report in the International Retirement Migration (IRM) and the recent American Diaspora published by Global Ciizen Solutions’ Global Intelligence Unit, the world’s population is aging quickly, putting pressure on retirement systems. Over 770 million people, or 10% of the world’s population, are now 65 or older. By 2050, this could reach 16% (about 2.1 billion people). In the U.S., more than 17% of people are already 65 or older—up almost 40% in the past 30 years. This rapid aging makes retirement security a major challenge for the coming decades.

Therefore, with the demand for retirement security, these indices evaluate factors like healthcare costs, safety, cost of living, and environmental quality, helping retirees find locations that align with their lifestyle, budget, and health needs.

The 10 Best Places to Retire in Europe

1. Spain

• Global Retirement Index ranking: 1
• Quality of Life Index ranking: 5
• English Proficiency Index ranking: 36

Spain has it all: beautiful scenery, elaborate architecture, passionate people, delicious cuisine, a lower cost of living, an incredible healthcare system, and more than one UNESCO World Heritage Site.

Its warm climate, political stability, and high standard of living have made it one of the best places to retire in the world and Europe. As the biggest country in Southern Europe, it has a growing property market that will meet your needs.

According to our retirement report conducted by our Global Intelligence Unit, Spain is loved because it rarely faces any extreme weather. “This consistency in mild weather throughout the year makes both island groups particularly attractive for people considering relocation, providing a comfortable and stable environment conducive to a high quality of life.”

There are two primary ways non-EU citizens can retire in Spain: by acquiring the Spain Non-Lucrative Visa or the Spanish Golden Visa.

1. The Spanish Golden Visa also grants residency in exchange for a qualifying investment, usually in real estate. The minimum investment starts at €500,000. Again, the Golden visa is perfect for someone who is still residing elsewhere but wants the flexibility to enjoy the benefits of obtaining Spanish residency, as this visa only requires applicants to spend at least one day per year in Spain to maintain residency. 
2. The Spain Non-Lucrative Visa is ideal for retirees with passive income sources like pensions, savings, or rental income. This visa requires proof of a minimum monthly income of  €2,400. It is particularly attractive to retirees wishing to live in Spain full-time but not planning to work or conduct business.

Spain is one of the best European countries for retirees because it perfectly balances affordable living and a high quality of life. Monthly expenses range from €1,200 to €1,500. The healthcare system is also excellent, with both public and private options. Many retirees prefer private healthcare for faster service, paying premiums between €50 and €200 based on age and coverage.

Popular retirement spots include Valencia, Málaga, Alicante, and the Costa del Sol. These cities are known for their large English-speaking communities, mild climates, cultural activities, and vibrant dining scenes. They are also easy to navigate and feature strong infrastructure and reliable transportation systems.

2. Portugal

• Global Retirement Index ranking: 2
• Quality of Life Index ranking: 6
• English Proficiency Index ranking: 6

Portugal is loved for its sandy beaches, unique culture, and liberal approach to life, making it one of the best countries and a perfect place for your retirement years.

There are two ways non-EU citizens can retire in Portugal: the retirement visa or the Golden Visa. Both options provide individuals with residency rights in Portugal and can eventually lead to Portuguese citizenship.

1. The Portugal Golden Visa program allows non-EU retirees to gain residency through a minimum investment of  €250,000. This visa is ideal for retirees who want flexibility and are not ready to relocate. It only requires seven days of residency in the first year and 14 days in the subsequent two-year periods.
2. The Portugal D7 Visa, or the “Passive Income Visa,” is designed for those with regular passive income sources, such as pensions or rental income. To qualify, retirees must show sufficient income to sustain themselves in Portugal. 

The country is one of the most affordable European countries and maintains a high quality of life. Monthly living expenses, including rent, utilities, and food, typically range from €1,000 to €1,500, depending on lifestyle and location. Portugal has both public and private health insurance, with private insurance premiums ranging from €40 to €100. To seal the deal, Portugal has many cities like Lisbon, Porto, Cascais, and the Algarve, where English is widely spoken, which is no surprise because the country ranks in the top 10 of the English Proficiency Index. This is also where you will find the best restaurants and vibrant nightlife.

3. Italy

• Global Retirement Index ranking: 7
• Quality of Life Index ranking: 27 
• English Proficiency Index ranking: 46

Italy is considered one of the best European countries to retire in. It is celebrated for its rich history, stunning landscapes, and outstanding culinary traditions. For those interested in moving abroad, Italy offers a blend of culture, a slower lifestyle, and a warm, welcoming atmosphere that’s hard to match. Retirees interested in living in Italy can apply for the Italy Golden Visa, which requires a €250,000 investment in an innovative Italian startup. 

Italy is a great place to retire. According to a recent study conducted by GCS’ Global Intelligence Unit (GIU), expats in Italy appreciate the country’s “welcoming environment, particularly in regions with higher international exposure and cosmopolitan attitudes. While experiences vary based on location and community, many expats find Italy’s rich culture, history, and lifestyle appealing.” English-speaking expats often settle in cities like Rome, Florence, and Milan, where active expat communities and many services are available in English. 

The average living cost can be different depending on the region, but a monthly budget of €1,500 to €2,300 should be enough for a comfortable life. Healthcare is also good, with private insurance costing around €1,200 a year, giving retirees access to quality medical services. Additionally, it’s easier for American citizens to fly in and out of the country. Our report shows that flights from New York to Milan are approximately nine to 11 hours, the same as direct flights from Miami to Rome. 

4. Ireland

• Global Retirement Index ranking: 9
• Quality of Life Index ranking: 11
• English Proficiency Index ranking: –

Ireland, affectionately known as the Emerald Isle, is an interesting blend of ancient landscapes and lively modern cities. The country is known for its rugged coastlines, green hills, and warm hospitality.

Ireland’s history can be seen in the many castles and monasteries scattered throughout the countryside, which share stories of its past. Cities like Dublin and Cork blend traditional pubs, modern cuisine, and a love for literature. 

Ireland’s healthcare system operates on a mixed public-private basis. Public healthcare is available to all residents and funded through general taxation, but it often involves long waiting times. Some choose private insurance to access faster and more flexible healthcare services and pay between €1,200 and €2,500 a year, while overall living expenses can add up to €2,000 to €3,000. 

Retiring in Ireland is different from other countries. Applicants must first apply for permission to retire in Ireland, regardless of whether they need a visa. This involves submitting a form and providing proof of income. Once this is approved, applicants can proceed with the visa formalities if necessary.​

5. France

• Global Retirement Index ranking: 10
• Quality of Life Index ranking: 19 
• English Proficiency Index ranking: 49

France will grab your attention with its art, history, and food. It offers a mix of landscapes—from Paris’ charming streets to Bordeaux’s vineyards, the snowy Alps, and the Mediterranean coast. Known for its love of fine dining, fashion, and culture, France’s landmarks like the Eiffel Tower and the Louvre highlight its rich heritage. You can enjoy the beautiful country with a monthly budget of €1,800 and €2,500. 

France’s healthcare system is recognized as one of the best in the world. It provides comprehensive coverage through a combination of public and private contributions. It ensures access to high-quality medical services for all residents, with costs largely subsidized by the government. Those who want private health insurance pay about €1,200 to €2,000 a year. 

To live in France, retirees can apply for the Long-Stay Visa for Retirement (Visa de Long Séjour pour Retraite), which requires proof of sufficient financial resources and health insurance. The residence permit is only valid for a year but can be renewed.  

6. Malta

• Global Retirement Index ranking: 13
• Quality of Life Index ranking: 34
• English Proficiency Index ranking: –

Arguably, Malta is the best country in Europe to retire in and one of the best countries for Americans to retire. It has an incredible healthcare system, attractive property prices, fantastic tax exemptions and incentives, political stability, and a wide range of entertainment options. It also has the best year-round weather and a large English-speaking population, among other things.

Malta’s cost of living is moderate, with monthly expenses ranging from €1,800 to €2,400, while private health insurance premiums range from €1,200 to €2,000 annually.

Any non-EU, non-EEA, or non-Swiss national planning on retiring in Malta can do so through these three routes: 

1. Malta’s Retirement Program offers an exclusive opportunity for EU, EEA, Swiss, and non-EU nationals to secure a residence permit for retirement in Malta. To qualify for the program, the primary applicant must:

• Be at least fifty-five years old.  
• Receive a pension income of which at least 75 percent is remitted to Malta.  
• Own or lease a property in Malta. 
• Have health insurance.

2. The second option is the Malta Residency by Investmentprogram, also officially known as the Malta Permanent Residency Program (MPRP), which requires a property investment of at least €300,000 or a rental property of at least €10,000 per year.

3. Lastly, the Malta citizenship by investment program allows qualifying individuals to gain citizenship and a Maltese passport in 12 to 36 months, depending on the investment. The minimum investment includes a contribution of at least €600,000 for a 36-month residency or €750,000 for a 12-month residency.

7. Greece

• Global Retirement Index ranking: 14
• Quality of Life Index ranking: 36
• English Proficiency Index ranking: 8 

Greece is renowned for its cultural richness, beautiful Mediterranean setting, and connection to the European Union and Schengen Area, offering easy travel access.

Many retirees are drawn to Greece for its warm climate, affordable cost of living, and welcoming English-speaking communities in cities like Athens, Thessaloniki, and Crete. Monthly expenses are between €1,500 and €2,100, making Greece one of Western Europe’s more budget-friendly retirement spots, especially outside major cities. Healthcare is also affordable, with private insurance costing around €1,000 to €3,000 annually.

Individuals can plan for their retirement in Greece in two ways: by applying for the Greek Golden Visa or the Greek retirement visa, otherwise known as the Financially Independent Person (FIP) visa. For the retirement visa, retirees must provide proof of a steady income. At the same time, the Golden Visa requires a real estate investment of €250,000, grants residency, and comes with the flexibility of not being tied down to one place and freedom of movement. 

8. Turkey

• Global Retirement Index ranking: –
• Quality of Life Index ranking: 129
• English Proficiency Index ranking: 65

One of the most frequented tourist destinations, Turkey is strategically situated between the Asian and European continents and seamlessly blends Eastern and Western cultures.

It is a major transactional country with a thriving economy and an expansive real estate market. It is known for its rich history, vibrant culture, natural beauty, Mediterranean coastline, affordable prices, and great food.

 9. Germany

• Global Retirement Index ranking: –
• Quality of Life Index ranking: 3
• English Proficiency Index ranking: 10

Germany ranks among the best European countries for retirement, thanks to its excellent infrastructure, high safety standards, and strong healthcare system. These qualities, along with Germany’s beautiful landscapes and well-developed urban amenities, make it ideal for retirees looking to enjoy life at a slower pace while still having access to high-quality services. The country’s capital city, Berlin, along with other top cities like Munich and Frankfurt, have well-established English-speaking communities that make it easier for retirees moving abroad to integrate into local life.

Residency for retirees in Germany is possible through a Long-Term Residence Permit. Retirees with sufficient retirement savings or steady passive income can apply for a residence permit, often granted under the “Freelancer” or “Self-Employment” categories. While this route has some specific requirements, it allows retirees to stay long-term and is suitable for those who can demonstrate financial self-sufficiency.

While Germany has a great public healthcare system, there is still the option of opting for private health insurance, which can cost about €1,500 to €3,000 per year. Monthly expenses can add up to €2,000 to €3,000, with Munich and Berlin being more costly.

10. Switzerland

• Global Retirement Index ranking: –
• Quality of Life Index ranking: 46
• English Proficiency Index ranking: 31

Switzerland is renowned for offering a high standard of living, political stability, and world-class healthcare, making it one of the best European countries for retirees. Although living in Switzerland can be costly, with a monthly budget averaging €3,500 to €5,000, the country’s stunning natural beauty, including majestic mountains and beautiful lakes, adds significant value to the retirement experience.

For retirees seeking outdoor activities, Switzerland is a great option. It offers a wide range of recreational opportunities year-round, from skiing in the Alps during winter to hiking and cycling in the countryside during warmer months. The abundance of trails and picturesque landscapes will get you outside more often and inspire an active lifestyle. When looking for cities with big expat communities and English speakers, visit Zurich, Geneva, and Lausanne.m

Retirees with sufficient retirement savings can enjoy the benefits of the Swiss healthcare system, which is known for its efficiency and quality. Those who want private health insurance can expect to pay between €3,000 and €6,000 annually. 

Frequently Asked Questions about the Best European Places to Retire

Which is the best European country to retire to?

Portugal is one of the best European countries for retirement, offering a warm climate, affordable living costs, and a high quality of life. Its healthcare system is excellent, and many regions have vibrant expat communities.

Where is the cheapest place to retire in Europe?

Some of the cheapest places to retire in Europe include Malta, Spain, Portugal, Turkey and Greece.

What is the cheapest and safest country to retire?

Portugal is one of the cheapest and safest countries to retire. It is actually ranked as the 6th safest country in the world according to World Population Review and the Global Peace Index. Other countries include Malta, and Spain.

How to retire in Europe as an American?

Americans planning on retiring in Europe can either do so by applying for a retirement visa, or by applying to the respective country’s Golden Visa program. The latter is more suitable if you’re considering placing a real estate investment in Europe.

Which European country is easiest to retire in?

Greece and Malta are some of the best and easiest places to retire in Europe, as they have large English-speaking communities. Other European destinations that are also suitable for retirement are Portugal, Spain, and Turkey.

What are the best places to retire in Europe?

The 10 best places to retire in Europe are:

• Tavira, Portugal
• Annecy, France
• Ljubljana, Slovenia
• Cascais, Portugal
• Paphos, Cyprus
• Kotor Bay, Montenegro
• County Clare, Ireland
• Paris, France