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The trend of retiring overseas is picking up momentum.
Made up of 44 countries, Europe boasts many popular spots for expats to live out their golden years.
There are several reasons.
Some people just want to experience something new or return to where their ancestors came from.
But how much money exactly do you better comfortably retire in Europe?
It depends on the country.
According toresearch from Insider Monkey, these may be best for Americans looking to live, visit or retire.
GOBankingRates then sourced cost of living data from Expatistan, current as of June 2024.
Here is how much you need toretire in these 12 European cities.
Paris
Ah, Paris.
Who could visit this city and not be utterly entranced by the romance?
But it can be a pricey place to get by.
A single person spends around 2,665 euros or $2,861 a month to live here.
Like Helsinki, its been ranked among the happiest places to live in the world.
But happiness isnt cheap, in this case.
The estimated monthly cost for a single person here is 30,058 kroner, or about $2,851.
Brussels
Though situated in a small country, Brussels has a big-city feel.
This is not a particularly affordable city.
A single person can expect to dish out some 2,344 euros, or around $2,516 a month here.
Though enchanting, Madrid is not a particularly affordable city.
The estimated monthly cost for a single person is 2,151 euros, or about $2,309.
Still, objectively, wed be amiss to call it cheap.
A single persons estimated monthly cost of living is 2,083 euros, or around $2,236.
An individual can get by here on around 8,764 zoty, or $2,191 a month.
This ancient city has a welcoming vibe, making it an especially inviting place for expats.
Youll find magnificent castles, exciting festivals and tons of spas boasting thermal baths.
This is one of themore affordable placesto hang your hat.
A single persons estimated monthly cost of living is 540,925 forint, or about $1,470.
Bratislava, Slovakia
This 2,000-year-old city is the political and economic epicenter of Slovakia.
Its definitely worth checking out if youre looking to retire on a frugal budget in Europe.
The estimated monthly cost of living for one person is 1,367 euros, or about $1,467.
The city boasts refreshing parks, ancient villas and palatial elegance.
Its a great bargain for retirees looking to live in Europe on a shoestring budget.
Its the cheapest place on this list.
A single persons monthly estimated cost of living here hovers at around 5,573 lei, or $1,202.
All currency conversion figures are as of June 24, 2024, and are subject to change.
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