Should you retire abroad? Here are the pros and cons

If you’re approaching your golden years, retiring abroad may be an option you’ve been thinking about. However, like any major life decision, it’s critical to weigh the advantages and disadvantages first.

No matter where you are considering relocating, it’s going to be a big step. Therefore, it’s important to know what you’re getting into before you look into migration services and start packing your bags.

In this article, we’ll explore the pros and cons of retiring abroad, so that you can determine if it’s the right choice to make.

Sound interesting? Then let’s get started.

The pros of retiring abroad

Here are some of the pros of retiring abroad.

Cost of living

One of the most significant benefits of retiring abroad is the lower cost of living. In many countries, housing and groceries are more affordable, meaning that you can stretch your retirement savings further.

This can be a game-changer for those living on a fixed income and you can enjoy splurging on your hobbies and passions. That being said, it’s still important to do your research – some countries may be more expensive than where you currently live!


Having access to the right healthcare is one of the most important things to consider when retiring. You want to be able to live comfortably and have the best doctors available as you enter your senior years.

Healthcare is more advanced and accessible in certain parts of the world. Of course, you should still look into the best trip insurance to ensure you are covered for any medical emergencies during your trip and potential cancellations.


It’s typical for life to come with certain commitments, and this can hold you back from traveling and adventure. By retiring overseas, you’ll have the opportunity to immerse yourself in a new culture and explore different places. 

If you’re looking for a fresh start, it’s a great way to learn more about yourself and others. You’re able to do all of the things you may have had to put aside during your early years and even have the possibility to try remote working too.


Depending on where you choose to retire, you can escape harsh winters or boiling summers and enjoy whatever temperature and weather you desire. It may not sound that important, but it’s a big reason why many decide to move.

Warm and sunny weather can do wonders for your physical and mental health, which is why so many expats flock to tropical islands! Relaxing on a beach does sound rather luxurious.

The cons of retiring abroad

And here are some of the cons of retiring abroad.

Culture shock

Moving to another country can be quite a culture shock. The language, customs, and norms might be drastically different from what you are currently used to.

It can take time to adjust and you may feel lonely or isolated, especially if you don’t speak the language. It’s common to feel homesick, even after only a few weeks of moving.

To combat this, reach out to online groups or forums before making the move, to get a sense of what to expect. You may even make some new friends who are going through similar experiences.

Separation from family and friends

If you have close family and friends that you see regularly, it can be tough to leave them behind. While you can stay in touch through email and video calls, it’s not going to be the same as seeing them in person.

This can be extremely difficult, especially if you have children and grandchildren who you adore. You also have to note that travel costs can add up if you wish to return home. Flights and accommodation can add to be a significant expense.

Extensive moving process

Retiring abroad is not a fast process. Before you can begin your new life, there are a lot of steps to take. It’s not as simple as packing your bags and hopping on the next flight!

There’s no guarantee that things will run smoothly, and you might find you have to jump through hoops, fill out endless forms, and deal with slow and inefficient systems. This can be frustrating and overwhelming, so be prepared!


Lastly, while many countries are safe, others can present risks that can be hard to adjust to. Before deciding on a location, do some thorough research into the town that draws your interest.

If you are concerned, it might be worth investing in a home security system or staying in a gated community for added safety. You’ll also want to know who to contact if an emergency does occur.

Is retiring abroad right for you?

As you can see from the above, retiring abroad is a decision that requires a lot of research and planning. It’s essential to weigh the pros and cons carefully so that you can determine if it’s the right choice for you.

If you are adventurous and willing to put yourself out there, it could be an exciting and rewarding retirement option. However, if you are close to your family and happy in your home town, it might not be for the best.