20 Cheapest Countries to Retire in the World

Retirement doesn’t have to mean financial stress. Explore the most budget-friendly countries to retire in our comprehensive guide, and start planning for a worry-free future. From tropical paradises to historic cities, find out where you can retire without breaking the bank.

12. Hungary

cheapest countries to retire
Budapest, Hungary / @tupungato / Getty Images

Hungary, a well-kept secret among the most budget-conscious retirement destinations. You can afford to live a good life with something around $1,000 per month.

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Moreover, Hungary is famous for its thermal baths and spa culture, which provides opportunities for relaxation and rejuvenation.

Also, Hungarian cuisine is hearty and flavorful, with dishes like goulash, paprika chicken, and Hungarian pastries.