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Retiring abroad is no longer just a budget-saving strategy – it’s a way for affluent retirees to maximize their golden years. Many are leaving the US in search of a higher quality of life, even with a comfortable nest egg.
For high-net-worth retirees, factors such as security, political stability, health care and taxes are often more important than value considerations. Luxury amenities, personal care and access to expat communities are also big attractions. So where are wealthy people choosing to retire in 2026? Here are four top destinations for affluent retirees looking to spend their golden years abroad.
portugal
From bustling Lisbon and its trams to Porto and its centuries-old architecture, Portugal can enchant many people. Known for its safety, favorable climate, and established expat communities, Portugal offers a high quality of life that attracts wealthy people looking to stretch their American dollars.
As of early 2026, the net inflow of millionaires into Portugal increased by 1.9% compared to the previous year, bringing the estimated number of high-net-worth individuals to approximately 175,000. The country has in the past offered residence to wealthy individuals in exchange for real estate investments, which explains some of the appeal. However, Portugal suspended its Golden Visa program because the government said it wanted to fight against price speculation in real estate.
Greece
Greece ranks high as a popular retirement destination among many senior citizens. This country is not only the birthplace of democracy, but it is also rich in history and archaeology. Foreigners are also attracted to its numerous islands – many of which are known for their iconic blue and white architecture.
If you plan to retire there, you can apply for a Golden Visa; That is, if you have a spare $250,000. This is the minimum real estate investment to obtain a five-year residence permit. Once you live there, you can enjoy a 7% tax rate on foreign income for retirees.
bahamas
The Bahamas are attractive for many reasons – namely, endless beaches and crystal blue waters. Its proximity to America doesn’t hurt either.
Additionally, the country allows foreign investors to apply for permanent residence in exchange for investments in the country, also known as the Golden Visa program. Purchasing property worth $500,000 or more will enable you to apply for such a visa. However, while this is the minimum investment requirement, Bahamian officials prefer real estate investments of at least $1.5 million, which is potentially too expensive for most middle-class Americans.
While the cost of living may be higher than in the US, one advantage is that the country is considered a tax haven – it has no income tax, capital gains tax, wealth tax, corporate tax, gift tax, inheritance tax or sales tax. The rich love the tax loopholes, which make a move to the Bahamas even more attractive.
Thailand
Thailand is a much-awaited destination in Southeast Asia, as it offers affordable and high standard of living, along with a food scene that will tantalize anyone’s taste buds. The country has many riches, including ancient ruins, scuba-diving sites, tropical islands, palaces, Buddhist temples and several UNESCO World Heritage Sites.
Thailand has been a popular destination for retirees as it offers long-term visas for people over 50, as well as excellent private healthcare. Because the country is so affordable, people who have a lot of money will have their retirement savings last longer and get more out of it.