20 Places Where You Can Retire With $150K

Portugal

Explore sunny beaches and rich history in Portugal. It borders Spain, so it also provides more than 300 sunny days annually. It’s political stable, teeming with delicious, fresh seafood and fun to explore.

In small towns, you can rent an affordable apartment. Purchase insurance so you can access private health care.

Your first step is to visit the Portuguese consulate in the US to apply for a residence permit. This requires a valid passport, proof of income, health insurance and submission of a criminal background check. This gets you into the country. You then apply for permanent resident status after arriving in Portugal. There’s no set minimum income, but the country requires you provide documentation of “sufficient income to sustain you.”