Portugal
It turns out that Portugal is even more affordable than Spain. It has all the beaches, castles, wineries, and golf you could possibly want. Public transportation and train lines make it easy to travel between Portgual’s cities as well as inside them. Renting an apartment starts at only $375 a month in smaller cities. However, you can easily be charged $1,000 in Lisbon. Restaurants are affordable – a meal can cost less than $10 per person. Most of the doctors in the large cities speak English, and international retirees would do best with private insurance.
How to retire in Portugal
The first thing you need to do in order to get a residence permit is visit a Portugese consolate in the U.S. with your passport, proof of income, and health insurance. Plus the results of a criminal background check. The next thing is applying for permanent residency once you arrive in Portugal. Because living costs vary so much between parts of Portugal, the income you need to live comfortably will depend on where you live. However, to retire on $200,000, you’ll probably want to rule out Lisbon.