7. Thailand

Thailand is known across the world as a stunning vacation destination. Sandy beaches, ancient ruins and beautiful palaces have long since attracted tourists, so it’s no wonder it’s also becoming a popular retirement hotspot too.

During the summer months, temperatures can reach 105-degree Fahrenheit, so it’s recommended for retirees to plan their outdoor activities between November and March, during 86 degree weather.

If you want to live in Phyket, a tourist hotspot, you need around $1,500 to $2,000 per month in order to live comfortably as a one-bedroom rental costs $450 monthly. You can find similar prices all over the country. In terms of food, you can get dinner for two for as little as $20.

If you ever need medical attention, the best private hospitals can be found in Bangkok. But Thailand is known for having one of the best health care systems in the world, even with significantly lower prices than in the U.S.

How to retire in Thailand

If you’re over 50 and don’t have a criminal history, you’re in luck! You can apply for a retirement visa as long as you also have proof of $25,700 in a bank account or as a pension income. Monthly, that means you need an income of $2,100. With a marriage certificate, you can also add your spouse to the application.

Start the process by applying for a one year, multiple entry non-immigrant O-A visa in the U.S. You can renew these documents in Thailand, where you will also need to meet up with an immigration officer every 90 days.