10 Best Countries to Retire on Small Pension (2026)

Retirement is a dream for many of us – a time to relax, travel, and enjoy the fruits of our labor. However, with rising costs of living and limited retirement funds, it can seem daunting to retire on a small pension. But fear not, there are still plenty of options for those looking to make the most of their retirement years without breaking the bank. Here are the top 10 countries to retire on a small pension in 2026.

1. Thailand

Known for its beautiful beaches, rich culture, and affordable cost of living, Thailand has been a popular retirement destination for years. With a small pension, you can live comfortably in a one-bedroom apartment, enjoy delicious local cuisine, and even have some extra cash to travel and explore the country.

2. Costa Rica

If you're looking for a peaceful and laid-back retirement, Costa Rica might be the place for you. With its stunning natural beauty, friendly locals, and low cost of living, it's no wonder it's a top choice for retirees. Plus, healthcare in Costa Rica is high quality and affordable – perfect for those on a small pension.

3. Portugal

Portugal is not only a beautiful country with a rich history, but it's also one of the most affordable places to retire in Europe. With a small pension, you can enjoy a comfortable lifestyle in a charming city like Lisbon or Porto, with plenty of opportunities for day trips and cultural experiences.

4. Malaysia

Malaysia is another popular destination for retirees, thanks to its low cost of living, diverse culture, and warm climate. With a small pension, you can rent a nice apartment, eat out regularly, and still have money left over for activities and travel.

5. Mexico

Mexico is a top choice for North American retirees, thanks to its close proximity and low cost of living. With a small pension, you can enjoy a comfortable lifestyle in a beach town like Puerto Vallarta or in a cultural hub like Mexico City.

6. Ecuador

If you're looking for a retirement destination with a rich cultural heritage and stunning natural beauty, look no further than Ecuador. With a small pension, you can live comfortably in a city like Quito or Cuenca, surrounded by friendly locals and breathtaking landscapes.

7. Belize

Belize may be a small country, but it's big on charm and adventure. With a small pension, you can enjoy a laid-back lifestyle in a beach town like Ambergris Caye or Placencia, where you can spend your days snorkeling, fishing, or simply relaxing in a hammock.

8. Colombia

Colombia has become a popular retirement destination in recent years, thanks to its affordable cost of living, vibrant culture, and friendly people. With a small pension, you can live comfortably in a city like Medellin or Cartagena, where you can enjoy a mix of modern amenities and traditional charm.

9. Panama

Panama is another top choice for retirees, thanks to its stable economy, warm climate, and affordable cost of living. With a small pension, you can live comfortably in a city like Panama City or Boquete, where you can enjoy a mix of urban and natural attractions.

10. Croatia

Last but certainly not least, Croatia offers retirees a laid-back lifestyle in a stunning coastal setting. With a small pension, you can live comfortably in a city like Dubrovnik or Split, surrounded by beautiful beaches, historical landmarks, and delicious food.

So, there you have it – the top 10 countries to retire on a small pension in 2026. No matter your budget or retirement dreams, there is a perfect destination waiting for you. Don't wait any longer, start planning your retirement today!

Ready to make your retirement dreams a reality? Book a call with Peter Fabry, our retirement expert, and start planning your future today. Don't let a small pension hold you back from living your best life. Contact us now!