World’s Best Countries For Retirement, 2024

CEOWORLD magazine has recently published its list of the best countries for retirement in 2024. According to the magazine, New Zealand has been recognized as the best country in the world to retire, followed by Luxembourg and Switzerland in second and third place, respectively. In the 2024 rankings, Canada secured the fourth position, while Australia came fifth. Spain and Portugal ranked sixth and seventh, respectively. The top ten best countries to retire include Malta, France, and Thailand, in the eighth, ninth, and tenth positions, respectively.

World’s Best Countries For Retirement, 2024

New Zealand: New Zealand encompasses a dramatic landscape and suitable locations that pull many active retirees towards it. The striking mix of rainforests and uneven coastline make the country a hotspot for people from all over. Also, the quality of life in New Zealand is relatively peaceful and quite relaxed. The nation witnesses a temperate climate and is packed with fantastic scenery that forms a beautiful picture with the braided rivers and picturesque fjords. Even public healthcare in the country is very low or free of cost for every citizen, making it free for people who want to enjoy life after retirement.

Luxembourg: Luxembourg is a tiny nation on the European continent that is also a haven for retirees. The country is best for comfortable retirement due to the ease of settlement factors available here. Luxembourg also has good medical facilities along with a pleasant climate that makes it a favorite spot for people to enjoy their second innings of life peacefully. With a citizen-friendly environment to boast Luxembourg is best for living on a modest budget.

Switzerland: Many people look forward to settling in Switzerland after their post-work lives. The breathtaking location is the best known for being simply gorgeous. There is also the highest-quality health care available in the nation along with the societal condition being extremely safe, friendly, and clean. Public transportation in Switzerland is also relatively cheap making it one of the most comfortable countries for retirement.

Canada: If you are thinking of enjoying a comfortable retirement, then Canada is one of the places to go for. The country has a peaceful climate and ranks high on the global peace index. Canada is also regarded as one of the safest countries to live in by most of the people. With major health insurance policies for almost all citizens, staying in Canada for the rest of life can be considered fruitful in every aspect.

Australia: When it comes to choosing an ideal place for retiring comfortably, then the name of Australia pops up immediately on the list. Also, considered a wealthy nation with a market-based economy, Australia also has a peaceful environment that makes it easy for people to live. The country also has many beautiful places, Geraldton, Merimbula, Gold Coasts, and Queensland that makes it an ideal choice to stay after retirement. Along with scenic places, other factors that contribute to the popularity of the nation are low crime rates and living costs, good climate, and medical facilities.

Spain: Spain is another one of the best places to retire in the world. The laidback country is slowly rising as one of the favorite places to retire for the expats. With a low cost of living and pleasant climate, Spain also has a cuisine that resonates well with all the food lovers. Another major factor that helps in making the country a top-favorite for retirees, is a bunch of thriving places and a culture to correlate with. At the same time, Spain is a modern, First-World, and EU-member nation with a long-standing, stable democracy. Its second official language is English, and the entire country speaks it fluently.

Portugal: Portugal is another nation that has a high rank in the global peace index. One of the safest countries in the world, Portugal is a natural beauty. The sandy beaches, warm climate, and rejuvenating environment make the nation a top pick for expats. The country also has made it tax code friendly for the immigrants and provides health insurance for making the transition easier. With so many urban destinations to lay feet upon, Portugal can be counted as one of the best countries to retire.

Detailed findings & methodology: CEOWORLD magazine researchers have compiled, analyzed, and compared 80 countries across 11 key categories to determine the rankings. These categories include expat community, English-speaking, health care, cost of living, affordability, tax-friendliness, pleasant climate, ease of buying and owning property, visa and residency requirements, government stability, and ease of assimilation. Each category was given a score out of 100 based on relevant research and reports that followed strict requirements to gather and analyze their data to build their rankings.

The CEOWORLD magazine conducted a global survey in January and March 2024 with 126,000 participants. The study evaluated 11 key categories and assigned a final overall score out of 100 to each country, after balancing the data. The decision on the list of countries was made by the editorial team. All data presented is for the most recent period available. The margin of sampling error for the full sample of 126,000 respondents is plus or minus 1.2 percentage points. It’s important to keep in mind that survey research may have possible sources of error, such as coverage, nonresponse, and measurement error, which could affect the results.

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