Living abroad on Social Security? Here’s how to make it work

More Americans are thinking about moving to another country, and the number is at a record high. About 1 in 5 Americans say they want to move permanently to another country. Around 17% of Americans aged 55 and older also want to move abroad. One big reason people want to move is to live comfortably using only Social Security money.

Many people are asking if living abroad only on Social Security is actually possible. Yes, it is possible — but you must adjust your lifestyle and spending habits. In 2026, the average monthly Social Security benefit is $2,071, as stated by USA Today. Higher earners can get up to $4,152 per month at full retirement age. If someone waits until age 70, benefits can go as high as $5,181 per month.

Living with family saves money

Living with family in another country makes it easier to survive on Social Security. If you plan to live alone, you must carefully check costs before moving. Some countries are cheaper and allow comfortable living on Social Security income.


In Panama, places like Boquete or Panama City can cost about $1,500 to $2,000 per month, as cited by USA Today. With a bigger budget in Panama, you can also afford dining out and entertainment. Belize is another option for people who like nature and simple living. A couple in Belize can live on less than $2,000 per month if they keep expenses low. Portugal is good for a quiet lifestyle in smaller towns.

More affordable countries

Living in smaller towns in Portugal may cost around $1,600 to $2,200 per month. Living in bigger Portuguese cities may need $2,200 to $3,700 monthly, as stated by USA Today. Other affordable countries include Thailand, Vietnam, and Malaysia. Mexico, Bulgaria, and Albania are also possible options. It may also work in Ecuador, Colombia, Nicaragua, and Costa Rica.

Experts say you must research the country properly before moving. Visiting the country first helps you understand if it suits your lifestyle. You should also check visa costs and rules for staying long term. If you want citizenship later, you must understand those requirements too. You must confirm the country allows you to receive Social Security payments. The good news is that most countries are approved for receiving Social Security benefits.

FAQs

Q1. Can you live abroad only on Social Security?

Yes, you can live abroad on Social Security if you choose a cheaper country and adjust your spending.

Q2. Which countries are cheaper for Social Security retirees?

Some affordable options include Panama, Belize, Portugal, and parts of Asia or Latin America where living costs are lower.