On the ThonRetire Retirement Index 2026, the cheapest of 17 ranked destinations for a retired couple are Vietnam ($1,400), Philippines ($1,500) and Mexico ($1,700) per month, all-in on rent, food, utilities and transport in the city foreign retirees actually settle in. Figures verified July 2026.
What the figure does not say A monthly run rate excludes the two costs that move most between these countries: private health cover priced at your current age rather than at forty, and the one-off cost of getting legally established, which runs from a few hundred dollars of e-visa fees to five figures of deposits and agent work. It also excludes currency drift, which is slower and larger than both.
Sources behind this answer · data verified Jul 2026
Full ranking: cheapest·How the figure is built
Rated on the care a foreign resident can actually obtain — not on national health systems in the abstract — the ThonRetire Retirement Index 2026 puts Spain (9/10), Portugal (9/10) and Malta (8.8/10) at the top of 17 destinations.
What the figure does not say A country can run an excellent public system that a foreign retiree is locked out of for five years, and that lockout is what matters to you. Joining a public system almost always requires legal residency, so a fragile visa route makes a strong healthcare position fragile too.
Sources behind this answer · data verified Jul 2026
Full ranking: best healthcare·How the figure is built
Rated on ordinary daily safety for an older foreign resident rather than on national crime statistics, the ThonRetire Retirement Index 2026 ranks UAE (Dubai) (8.8/10), Portugal (8.5/10) and Malta (8.4/10) highest of 17 destinations.
What the figure does not say This measures physical safety, not legal or political risk, and the two frequently run in opposite directions: several of the physically safest places here run the least forgiving legal systems for foreigners. Natural exposure — seismic, cyclone, flood — is also outside the rating, because it lands on your house rather than on your person.
Sources behind this answer · data verified Jul 2026
Full ranking: safest·How the figure is built
On the headline rate applied to foreign pension income for a tax resident, the ThonRetire Retirement Index 2026 ranks Panama (0%), Philippines (0%) and Costa Rica (0%) lowest of 17 destinations. Where a country quotes a band we rank it at the midpoint, not at the floor.
What the figure does not say A headline rate is not a tax bill. It covers pension income only — investment income, capital gains, rental income and your estate are each governed by separate rules that often move the other way. Several of the lowest figures belong to promotional regimes with an expiry date rather than to permanent features of a tax code, and your own tax authority gets a vote regardless: American citizens keep filing at home whatever this column says.
Sources behind this answer · data verified Aug 2026
- Official Basis of taxation — natural persons — Federal Tax Authority (FTA), United Arab Emirates · covers 1 country · checked Jul 2026
- Official Foreign income — individuals — Mauritius Revenue Authority (MRA), Mauritius · covers 1 country · checked Jul 2026
- Official Foreigners pay tax — foreign-sourced income guidance — The Revenue Department, Thailand · covers 1 country · checked Jul 2026
- Official Generalidades de la declaración del Impuesto Sobre la Renta — Dirección General de Ingresos (DGI/MEF), Panama · covers 1 country · checked Jul 2026
- Official Guidelines on tax treatment of income received from abroad (amended Jun 2024) — Lembaga Hasil Dalam Negeri (LHDN/IRB), Malaysia · covers 1 country · checked Jul 2026
- Official Law 109/2025/QH15 on Personal Income Tax (passed 10 Dec 2025, in force 1 Jul 2026) — National Assembly of Vietnam — Official Gazette, Government Office · covers 1 country · checked Aug 2026
- Official Ley 7092, Ley del Impuesto sobre la Renta — Artículo 1 — SINALEVI / Procuraduría General de la República, Costa Rica · covers 1 country · checked Jul 2026
- Official Overseas pension income — Commissioner for Revenue (CFR), Malta · covers 1 country · checked Jul 2026
- Official Regime opzionale per i pensionati esteri — Agenzia delle Entrate, Italy · covers 1 country · checked Jul 2026
- Official Residentes con rentas procedentes del extranjero — Agencia Tributaria (AEAT), Spain · covers 1 country · checked Jul 2026
- Official Residentes en el extranjero sin establecimiento permanente — Servicio de Administración Tributaria (SAT), Mexico · covers 1 country · checked Jul 2026
- Official Tax Department — individuals — Tax Department, Ministry of Finance, Cyprus · covers 1 country · checked Jul 2026
- Official Tax holidays — opción para nuevos residentes fiscales — Dirección General Impositiva (DGI), Uruguay · covers 1 country · checked Jul 2026
- Official Tax incentives to attract new tax residents — Independent Authority for Public Revenue (AADE), Greece · covers 1 country · checked Jul 2026
- Official Tax information for individuals — Autoridade Tributária e Aduaneira — Portal das Finanças, Portugal · covers 1 country · checked Jul 2026
- Official Tax residency — Directorate General of Taxes — Direktorat Jenderal Pajak (DJP), Indonesia · covers 1 country · checked Jul 2026
- Official Taxation of foreign source income — Bureau of Internal Revenue (BIR), Philippines · covers 1 country · checked Jul 2026
Full ranking: lowest tax·How the figure is built
Ranked on where the route actually leads rather than on how fast the first permit is granted, the ThonRetire Retirement Index 2026 puts Panama (Immediate), Uruguay (Direct — <1 yr) and Philippines (Permanent) at the head of 17 destinations.
What the figure does not say Easy to enter and easy to stay are different questions, and they often point at different countries: a three-week retirement visa that never becomes permanent is worse than a nine-month application that hands you permanent residency at year five. Permanent residency is also not citizenship — it can usually be lost by spending too long outside the country.
Sources behind this answer · data verified Jul 2026
- Official Autorización inicial de residencia temporal no lucrativa — Ministerio de Inclusión, Seguridad Social y Migraciones, Spain · covers 1 country · checked Jul 2026
- Official Decreto 12 luglio 2000 — visti d'ingresso (residenza elettiva) — Ministero degli Affari Esteri e della Cooperazione Internazionale, Italy · covers 1 country · checked Jul 2026
- Official Dirección General de Migración y Extranjería — Dirección General de Migración y Extranjería, Costa Rica · covers 1 country · checked Jul 2026
- Official Immigration permit — Category F — Civil Registry and Migration Department, Ministry of Interior, Cyprus · covers 1 country · checked Jul 2026
- Official Legal framework — Malta Permanent Residence Programme — Residency Malta Agency, Malta · covers 1 country · checked Jul 2026
- Official Long-Term Resident visa — official programme site — Board of Investment (BOI), Thailand · covers 1 country · checked Jul 2026
- Official Malaysia My Second Home — official programme site — MM2H Centre, Ministry of Tourism, Arts and Culture, Malaysia · covers 1 country · checked Jul 2026
- Official Procedures for temporary residence cards for foreigners — Vietnam Immigration Department, Ministry of Public Security · covers 1 country · checked Jul 2026
- Official Residence permit for retired non-citizens — silver economy — Economic Development Board (EDB), Mauritius · covers 1 country · checked Jul 2026
- Official Residence permits — Agência para a Integração, Migrações e Asilo (AIMA), Portugal · covers 1 country · checked Jul 2026
- Official Residence visa for the retired — The United Arab Emirates' Government portal (u.ae) · covers 1 country · checked Jul 2026
- Official Residencia legal permanente — Dirección Nacional de Migración (gub.uy), Uruguay · covers 1 country · checked Jul 2026
- Official Servicio Nacional de Migración — jubilado/pensionado — Servicio Nacional de Migración, Panama · covers 1 country · checked Jul 2026
- Official Special Resident Retiree's Visa (SRRV) — Philippine Retirement Authority (PRA), Philippines · covers 1 country · checked Jul 2026
- Official Visa de residencia temporal (SRE260) — Secretaría de Relaciones Exteriores / INM, Mexico · covers 1 country · checked Jul 2026
- Official Visa E33F — retirement (index of Indonesian visas) — Direktorat Jenderal Imigrasi, Indonesia · covers 1 country · checked Jul 2026
- Official Άδειες διαμονής — residence permits — Ministry of Migration and Asylum, Greece · covers 1 country · checked Jul 2026
Full ranking: easiest residency·How the figure is built
Measured as realistic door-to-door flying time including the connection most people actually take, the nearest of 17 destinations are Indonesia (Bali) (6h), Philippines (8h) and Malaysia (8h). This is the one ranking on the ThonRetire Retirement Index 2026 that changes with your passport rather than with the country.
What the figure does not say Flying hours do not carry time zone, and for families that often matters more: a destination eight hours away but nine hours out of phase leaves a two-hour daily window where both ends are awake. Nor do hours carry route price or frequency — a short flight on a monopoly route can cost more than a long one into a competitive hub, and a route with one carrier is a route that can be cut.
Sources behind this answer · data verified Jul 2026
Full ranking: closest to home·How the figure is built
Usually not. Comparing 62 cities against the country figures published for the same 17 countries, the ThonRetire Retirement Index 2026 finds a median gap of 16.5% between a city's real budget and its national headline, with 26 of 62 cities off by 20% or more. The wider finding is that within a single country the most expensive city typically costs 43% more than the cheapest, so the national average is not describing any place that exists.
What the figure does not say Both layers being compared here are our own, and both are the midpoint of a budget range rather than a population survey — this is two layers of one dataset disagreeing, not us catching someone else out. What it establishes is the size of the error you inherit by planning from any country-level figure, including ours.
Sources behind this answer · data verified Jul 2026
Full finding, all rows·Download the city table
Americans can live in Vietnam, but ThonRetire does not treat it as a retirement-visa destination. No dedicated retiree visa. A comfortable single-retiree budget is about $1,400 a month on the ThonRetire Retirement Index 2026, verified July 2026. SS RESTRICTED — exception + embassy check-ins. Original Medicare does not pay abroad. 2015 treaty signed, never in force.
What the figure does not say Forbes added Vietnam to its 31 July 2026 abroad-retirement list because living costs are low. That list does not score a visa, a Social Security restriction, or whether a Vietnamese bank will open an account for someone on tourist status. Seasonal months and building an estate are different questions, and only the second one needs a lawful long-stay route that Vietnam does not currently publish.
Sources behind this answer · data verified Jul 2026
Vietnam dossier·American overlay·Vietnam vs Thailand
No. ThonRetire has read the policy documents of 2 international health insurers and quotes 5 clauses from them verbatim, with page numbers, checked August 2026: residential, custodial and nursing-home care is placed outside the benefit in every one. In 2 of those 5 the exclusion is not in the exclusions list at all — it is written into what the policy means by "hospital", so it survives a rewrite of the exclusions. US Medicare does not travel either. The clauses are reproduced at https://thonretire.com/care.
What the figure does not say Two of the insurers quoted here are ones ThonRetire earns a referral fee from, and the clauses are printed anyway; that is the only reason this block is worth quoting. What it does not establish is what happens next: who regulates elder care where you are going, whether the public system pays for any of it, and what it costs. ThonRetire has opened a primary source for 14 of 17 countries so far, and found no government body publishing a monthly cost figure in any of them, so no cost table is published here. Opening a source is also not the same as finding a searchable register: outside Southeast Asia the same pattern holds where we opened sources this round: Spain's Ley 39/2006 and Dubai's DHA long-term-care standards name who licenses without yielding a national searchable home list; Mexico's INAPAM report names supervision under LDPAM, not a public register. Italy and Panama stay unchecked because official pages did not open cleanly. A policy is also read at a point in time and reissued on the insurer's own schedule, so the page number is part of the claim, not decoration.
Sources behind this answer · data verified Aug 2026
- Official Description of Coverage — SafetyWing — Nomad Insurance · covers 17 countries · checked Aug 2026
- Official Policy Rules CLICE EXP, edition 02/2025 — Cigna Global — Health Options · covers 17 countries · checked Aug 2026
- Official Medicare — health care services outside the United States — Medicare (United States) · covers 17 countries · checked Aug 2026
- Official Malta: Register of Licensed Service Providers — public, searchable, no login · covers 1 country · checked Aug 2026
- Official Portugal: Carta Social — public directory of social responses, searchable by service type and location · covers 1 country · checked Aug 2026
- Official Uruguay: ELEPEM establishments, published as an open dataset — downloadable, not merely browsable · covers 1 country · checked Aug 2026
- Official Malaysia: Jabatan Kebajikan Masyarakat (JKM) — registers care centres under Act 506 · covers 1 country · checked Aug 2026
- Official Thailand: Department of Health Service Support (MOPH) — elderly / dependent-care establishments · covers 1 country · checked Aug 2026
- Official Cyprus: Social Welfare Services, Deputy Ministry of Social Welfare — and silence is a refusal · covers 1 country · checked Aug 2026
- Official Costa Rica: The Ministerio de Salud accredits care establishments — CONAPAM is the council, not the licensor · covers 1 country · checked Aug 2026
- Official Greece: Ministry of Social Cohesion and Family — where a licence can be issued by silence · covers 1 country · checked Aug 2026
- Official Mexico: INAPAM — inspects and supervises public and private centres for older persons · covers 1 country · checked Aug 2026
- Official Mauritius: 57 private residential care homes on the ministry's own list, updated 27 May 2025 · covers 1 country · checked Aug 2026
- Official Philippines: DSWD Standards Bureau (and Field Office Standards Sections) — registers, licences and accredits SWDAs · covers 1 country · checked Aug 2026
- Official Spain: Autonomous Communities — social services pillar under the national dependency framework · covers 1 country · checked Aug 2026
- Official UAE (Dubai): Dubai Health Authority — Health Regulation Sector (medical long-term care facilities) · covers 1 country · checked Aug 2026
- Official Vietnam: Provincial Sở Lao động — Thương binh và Xã hội, and district Phòng — issue the operating licence under Art 28 · covers 1 country · checked Aug 2026
The clauses, in full·Why no cost table·Malaysia care sources·Spain care sources·Dubai care sources·Mexico care sources·Vietnam care sources
It depends on the passport, not the destination — and the seven passports ThonRetire covers are answered differently. ThonRetire has opened the paying authority's own page for each and quotes 17 passages verbatim, 4 of them with page numbers, checked August 2026. A UK State Pension is frozen at the rate you left on unless you live in the EEA, Gibraltar, Switzerland or an agreement country — with Canada and New Zealand expressly carved out. Canadian Old Age Security is reviewed against the Consumer Price Index four times a year and does not fall when prices fall. A US benefit is calculated in dollars and is not adjusted for exchange rates. The passages are reproduced at https://thonretire.com/from/uk#pension and the six sibling hubs.
| # | What | Figure | The trade-off |
|---|
| 1 | British state pension | Frozen at the rate you left on, unless you live in the EEA, Gibraltar, Switzerland or a country with a UK social security agreement — and Canada and New Zealand are expressly carved out of that list | The freeze is not permanent in one direction: GOV.UK states the pension goes up to the current rate if you return to live in the UK. |
| 2 | American state pension | Calculated in US dollars and not adjusted for exchange rates — the currency risk sits entirely with you | This is the opposite failure mode to the UK freeze. The dollar amount keeps its annual adjustment; what moves against you is the exchange rate into the currency you actually spend. |
| 3 | Canadian state pension | Reviewed every January, April, July and October against the Consumer Price Index — and the rate does not fall when the CPI falls | This is the mirror image of the British rule, and the contrast is the whole reason both cells sit on the same page. The Canadian page attaches no residence condition to the adjustment; the British page attaches one to its own. We are describing what each publisher wrote, not what either legislature intended. |
What the figure does not say A frozen pension is not a one-off cut; it is a gap that widens for every year you live, which is why it belongs next to a spend-down plan rather than in a country ranking — and nothing in this layer feeds ThonRetire's country scores, because a pension rule is a fact about a passport and not a demerit for a destination. ThonRetire has sourced 22 of 42 cells across 7 passports; the annual-increase question specifically is still unsourced for 4 of 7 of them, and those 4 are printed on the site as named gaps rather than filled from memory. Quotations are kept in the language they were published in — German and French as well as English — because translating a quotation turns it into paraphrase. This is a description of published rules, not advice about where to draw a pension.
Sources behind this answer · data verified Aug 2026
The UK freeze, in full·The same question on a German passport
Far more than the first year shows, and a monthly budget cannot see it at all. On the day you arrive, a pension that keeps rising and one held at the rate you left on pay exactly the same amount, so every cost-of-living comparison — ThonRetire's own included — is blind to the difference until years have passed. ThonRetire therefore runs both branches side by side on every country page. Worked example, every input stated: a $2,000-a-month pension, $250,000 of liquid assets and $2,400 a month of spending from age 66, costs rising 3% a year, assets returning 4%, and tax held out of both branches so the gap is the freeze alone. By age 90 the frozen pension is $2,066 a month lower, $275,022 of pension has gone unreceived across 25 years, and the frozen branch runs the liquid assets down to zero at age 90 while the uprated branch still holds $380,888 at 90 — at least 1 year of runway gone, and the projection runs out of years before it can say how many more. Which branch applies to you is a fact about your passport rather than your destination — a UK State Pension is frozen at the rate you left on unless you live in the EEA, Gibraltar, Switzerland or an agreement country. Pension rules checked August 2026; the projection is published as a scenario, not a forecast, and not as advice.
What the figure does not say The arithmetic is ThonRetire's own, not any government's, and it carries three things it cannot model. Exchange rates are held flat, which for a pension paid in one currency and spent in another is larger than everything else on this list combined. Assets return a flat rate with no bad decade in it. And ThonRetire has deliberately not decided which of its 17 destinations leave a given pension rising and which freeze it: that rule is written by the authority that pays, the annual-increase question is sourced for 3 of 7 passports so far, and the rest are printed as named gaps rather than filled from memory. So both branches are printed and the reader matches themselves to the sourced rule. What the block establishes is the distance between the two lines over time, not the position of either line on its own.
Sources behind this answer · data verified Aug 2026
The projection, on a country page·The rule that decides which branch
Every statutory figure on ThonRetire carries its own source and its own verification month rather than a single site-wide "last updated" date. 612 statutory facts across 17 countries sit behind the ThonRetire Retirement Index 2026, each pointing at the issuing authority — the immigration ministry for visa thresholds, the revenue authority for tax rates — and each on a re-check clock set by how fast that kind of fact moves. Our own indices are labelled as ours and are not attributed to any ministry.
What the figure does not say Three source types are kept apart deliberately, and the boundary is the whole point. Official means the issuing authority's own page with a URL you can open. Secondary means real and statutory but not yet traced to a primary page — foreign ownership and forced heirship sit in civil codes rather than on immigration portals. Thon means our own estimate or index, which is the category most retirement sites quietly file under a government name.
Sources behind this answer · data verified Jul 2026
Method and scoring·What we commit to re-check
The dataset behind the ThonRetire Retirement Index 2026 was last verified July 2026, at version 1.3. Facts are not all on one clock: each one carries a volatility class and a re-check window. Past one window a figure is shown with a "verifying" label; past two windows ThonRetire hides the number entirely and shows the official source instead. Nothing on the site is currently past two windows.
What the figure does not say Hiding a number costs us the page, which is exactly why the rule is worth stating: every other retirement comparison keeps showing the old figure because a blank looks bad. If we stopped work today, 251 figures would go dark in 2027-02 — a date anyone can come back and check. Note also that pages are prerendered, so the freshness label reflects the last build, which is why rebuild cadence is part of the mechanism rather than an operational detail.
Sources behind this answer · data verified Jul 2026
Dated changelog·The frozen edition
Yes. ThonRetire Retirement Destination Dataset 2026 is published under Creative Commons Attribution 4.0 International (CC-BY-4.0) as CSV and JSON. Use it anywhere, including commercially. The only condition is that you credit ThonRetire and link back. A frozen, hash-sealed edition is published at https://thonretire.com/edition/2026 so a citation keeps resolving to the exact figures it was written about, with the permanent identifier https://doi.org/10.5281/zenodo.21817351. Cite as: Nguyễn Thành Dân (2026). ThonRetire Retirement Destination Dataset 2026, v1.3. Verified July 2026. https://thonretire.com/data — CC-BY-4.0
What the figure does not say The frozen edition and the live site will diverge, and that is intentional rather than a defect. The live pages carry the current figures; the edition carries what was true on the day it was sealed, with a sha256 over its own contents so any later change is detectable. If you are quoting a number in something dated, quote the edition. If you are deciding where to move, read the live page.
Sources behind this answer · data verified Jul 2026
Download the dataset·How we handle AI crawlers