These 10 countries let you retire in style for only Rs 1 lakh a month

From Bali to Bulgaria, discover 10 dream destinations where Rs 1 lakh a month is enough for a comfortable, fulfilling retirement.

Can you really live or retire overseas on just $1,200—or roughly Rs 1 lakh—a month? According to International Living’s latest report, the answer is yes. The publication has identified 14 affordable destinations—stretching from Southeast Asia’s beaches to Eastern Europe’s cobblestone towns—where couples can enjoy a fulfilling lifestyle without breaking the bank.

From affordable housing and fresh local produce to low-cost transportation and vibrant expat communities, these countries prove that financial freedom and a rich, rewarding life don’t have to be out of reach. Here are ten destinations where you can live well—and even thrive—on a modest monthly budget of $1,200.

1. Albania

Beyond Tirana’s trendy neighbourhoods, Albania offers tranquil towns and seaside retreats where couples can live comfortably for less than $1,200 a month. Rent near the beach in Vlore averages around $350, while utilities and food cost another $400–$500. With affordable public transport and fresh produce, expats can embrace the Mediterranean lifestyle for less.

2. Bali, Indonesia

Skip the touristy hubs and head to Bali’s quieter regions like Amed or Sidemen, where $1,200 covers rent, utilities, daily meals, and even weekly massages. A one-bedroom rental costs about $400, while local warungs serve hearty meals for $3. With a warm climate and relaxed pace, Bali remains paradise on a budget.

3. Bulgaria

In Bulgaria, $1,200 buys a comfortable life for two—especially outside Sofia. Rent in cultural hubs like Plovdiv or seaside Varna averages $500, while groceries and entertainment stay wallet-friendly. Add efficient transport and mountain escapes, and Bulgaria becomes one of Eastern Europe’s best-value retirement spots.

4. Cambodia

From Phnom Penh to Siem Reap, Cambodia blends charm with affordability. Apartments rent for $300–$400, meals at local eateries cost under $3, and even healthcare is inexpensive. With friendly locals, a growing expat scene, and a relaxed lifestyle, Cambodia lets retirees live comfortably on $1,200 a month.

5. Colombia

Known for its warmth and hospitality, Colombia offers a laid-back lifestyle on a modest budget. Cities like Pereira or Manizales feature $300 rentals, fresh produce for $200 monthly, and affordable transport. Whether sipping coffee on your balcony or exploring mountain towns, you can live well for under $1,200.

6. El Salvador

Outside the capital, towns like Santa Ana and along the Flower Route offer two-bedroom homes for $300, local meals for $5, and low-cost transport. With improving safety, scenic beaches, and vibrant local culture, couples can live comfortably and securely for about $1,200 a month.

7. Latvia

Live amid medieval castles and pristine countryside in smaller Latvian towns like Kuldiga or Cesis. Cosy apartments cost about $290, and groceries average $320 monthly. With affordable public transport and free cultural events, you can enjoy European living without the high price tag.

8. Lithuania

In Šiauliai or Panevėžys, $1,200 stretches surprisingly far. Rent a one-bedroom apartment for around $500, shop local markets for $350, and enjoy a thriving cultural scene. Friendly locals, modern infrastructure, and a relaxed pace make Lithuania a smart European choice for retirees.

9. Nicaragua

A couple can rent a modest home for $600, eat fresh local meals for $300, and still have enough left for entertainment and transport. Nicaragua rewards those who embrace its community-oriented lifestyle—with tropical weather, friendly neighbours, and peace of mind.

10. Peru

From Cusco’s colonial charm to Arequipa’s sunny plazas, Peru offers culture and affordability in equal measure. Apartments rent for $250–$400, meals cost about $3, and transport is rarely more than a few dollars. With fresh markets and vibrant traditions, life in Peru is both affordable and inspiring.