Retiring abroad gives you the chance to enjoy new experiences and access a better quality of life
But with so many places around the world offering expat retirees a warm welcome, it can be hard to make a decision about where to live.
Practical factors are also a prime concern; as you age your priorities change and these need to be taken into account.
Live and Invest Overseas have spent months surveying its expat community, as well as experts in the field, in order to compile the Overseas Retirement Index 2017.
We take a look at which country comes top in four important categories: cost of living, healthcare, ease of access and expat community.
If you are a budget-conscious aspiring expat, you’ll be relieved to know that your dream of living a fulfilling life abroad is not beyond your means.
Hoi An, a town on Vietnam’s central coast, tops the list as the cheapest destination to retire according to Live and Invest Overseas.
The cost of living averages around £594 per month – 22,727 Vietnamese dong – including things such as unlimited internet and cable television.
Hoi An is a town on Vietnam’s central coast
For this you get to live in a beautiful former trading port packed with ancient Japanese and Chinese architecture, with mountains in the west and the UNESCO Global Biosphere Reserve Cham Islands in the northeast only a short drive away.
Hoi An, a town on Vietnam’s central coast, tops the list as the cheapest destination to retire
Hoi An is mostly flat, offers countryside drives through rice paddies and tropical flora and a variety of places to dine out.
Monción in the Dominican Republic and Hua Hin in Thailand came second and third in the survey respectively.
The Algarve, or Paris
If you have existing medical conditions, or are just worried about your health as you get older, moving to the Algarve or Paris may suit you well.
The Algarve maybe a good choice is you are worried about your health
Overall Portugal ranks 12th in the world for healthcare and most public hospitals are actually better-equipped than private ones.
Legal foreign residents who have registered with their local medical centre are eligible for health care.
Meanwhile France tops the World Health Organisation rankings for healthcare; if you pay French Social Security you are covered for access to most of this world-class service.
Particularly appealing to retirees is the fact that French doctors still regularly make home visits and even a basic consultation is likely to last around half an hour, so you will have plenty of time to discuss your needs.
Some of the other categories look at the benefits you’ll receive once living abroad, but how easy is it to actually get permission to expatriate overseas?
Very easy, if you intend to head to Belize, thanks to its Qualified Retired Persons (QRP) visa.
Belize is desperate to attract foreigners and their money, so anyone over the age of 45 who considers themselves to be retired and has sufficient monthly income to support themselves qualifies.
If you enter the country as part of this programme, you will be exempt from Belizean taxes, such as income tax, estate tax, capital gains tax and import tax – to name a few.
Belize is desperate to attract foreigners and their money
Sharing your experiences as an expat with others who know how you feel and have a similar cultural viewpoint can help you to integrate into your new overseas home.
For this reason, many expats are drawn to Mexico, with both Mazatlan and San Miguel de Allende well known for their thriving expat communities.
Mazatlan is a hub of English-speakers, offering a full itinerary of activities and attractions that draw expats from North America and the UK.
Meanwhile, foreign retirees have been flocking to San Miguel de Allende since the 1960s, thanks to its flat landscapes, its socialness and the small-town atmosphere it offers.