Kiwis have always been known for their adventurous spirit and willingness to explore the world. But recent data suggests that for a growing number of New Zealanders, the dream of living overseas is shifting from a temporary OE (Overseas Experience) to a permanent lifestyle change, particularly in retirement. With economic pressures at home and the allure of affordable, culturally rich experiences abroad, many are asking whether their retirement savings might stretch further on foreign shores. If you’ve ever imagined swapping your morning routine for a coffee overlooking the Aegean Sea or a beachside stroll in Central America, you’re not alone. Here’s a look at why New Zealanders are considering retiring overseas, followed by the world’s best destinations for 2026 according to International Living’s authoritative index.
✈️ Why Are New Zealanders Looking Overseas?
Recent migration data and economic analysis reveal that older New Zealanders, along with skilled professionals and young families, are increasingly viewing retirement—and life in general—as something that might be better pursued abroad.
The Great Exodus
New Zealand is currently experiencing its most significant outflow of citizens since the aftermath of the 2008 global financial crisis. More than 71,000 New Zealand citizens left the country in the 12 months leading up to late 2025, equivalent to more than 1% of the population of 5.1 million . Of those leaving, more than half end up in neighbouring Australia, where a reciprocal visa arrangement allows them to live and work indefinitely . But for retirees, the search for affordability, warmth, and cultural richness is drawing them further afield—to Europe, Asia, and Latin America.
The Financial Reality at Home
While the desire for adventure is strong, financial concerns are prompting serious consideration of more affordable options abroad.
Economic Contraction: By one HSBC estimate, New Zealand’s economy had the largest contraction in GDP of any developed country in 2024 .
Rising Unemployment: The current unemployment rate of 5.3% is the highest in nearly a decade .
Cost of Living: Even those with work are contending with reduced hours, wages growing more slowly than inflation, and soaring costs of staples . One mental health manager from Hamilton earning NZ$85,000—considered above-average income—said he was “still struggling” before moving to Brisbane .
Housing Affordability: The growing impossibility of owning a home is a key driver for those seeking cheaper property markets overseas .
Retirement Savings Gap: The average KiwiSaver balance for those aged 61-65 is around $70,000, compared to approximately A$400,000 for Australians nearing retirement . While NZ Super provides a universal pension (equivalent to having a lump sum of around $560,000 at retirement), it’s often not enough to live on comfortably, especially for those who don’t own their home freehold .
For many New Zealanders, the calculation is simple: higher wages, lower living costs, and clearer pathways to financial security . As one relocation expert put it, “People are really just chasing hope” .
🌍 The 10 Best Places to Retire in 2026
For Kiwis ready to take the leap, International Living’s 2026 Annual Global Retirement Index highlights the world’s best retirement destinations. Evaluated on housing, healthcare, climate, visas, and cost of living, these countries offer lifestyles where your superannuation stretches further—all costs converted to New Zealand dollars.
10. Malaysia – Score: 79.3
Malaysia, especially Penang, delivers excellent value with English widely spoken. Comfortable living costs around $3,540 NZD per month, with modern apartments at $1,450 NZD monthly. Specialist healthcare starts from just $40 NZD. Modern amenities, strong infrastructure, and an established expat community make settling in easy.
Perfect for: Kiwis seeking Asian culture, affordable housing, and accessible healthcare.
9. Thailand – Score: 80
Thailand offers low-cost retirement starting at $1,930 NZD per month. High-speed internet costs $32 NZD monthly, weekly maid service $24 NZD, and a two-hour massage about $19 NZD. Healthcare is roughly one-third the cost of New Zealand, and expat communities are welcoming.
Perfect for: Budget-conscious Kiwis who want tropical scenery, convenience, and established expat networks.
8. Spain – Score: 83.7
Spain’s relaxed, community-focused lifestyle is a major draw. Singles can live comfortably for around $3,110 NZD per month, with public healthcare costing about $270 NZD for those over 65. Coastal towns like Málaga and Alicante offer sunshine, culture, and vibrant expat communities.
Perfect for: Kiwis seeking European culture, excellent healthcare, and a slower pace by the sea.
7. France – Score: 84.4
Beyond Paris, France offers peaceful villages and budget-friendly regions. Couples typically spend $3,670–$5,540 NZD monthly, with housing as the main variable. Healthcare is world-class, with routine consultations around $16 NZD. Festivals and expat groups make integration easier.
Perfect for: Francophiles dreaming of village life, markets, and accessible healthcare.
6. Italy – Score: 85.3
Italy’s variety is unmatched, from sunny Sicily to temperate Tuscany. One-bedroom apartments in smaller towns start at $690 NZD per month. The Elective Residency Visa requires roughly $53,600 NZD annual passive income. Healthcare is high-quality and affordable.
Perfect for: Kiwis who love history, food, and authentic local communities.
5. Mexico – Score: 87.3
Expat hubs like San Miguel de Allende and Lake Chapala offer living from $1,930 NZD monthly, up to $4,830 NZD for luxury. English-speaking doctors are common, healthcare is affordable, and the culture is warm and welcoming.
Perfect for: Kiwis seeking friendly culture, value, and strong expat networks.
4. Portugal – Score: 87.4
Portugal’s landscapes range from the Algarve coast to northern hills. Couples can live on $3,110–$4,670 NZD monthly. Housing outside Lisbon averages $2,600 NZD. English is widely spoken, and Portugal is consistently ranked among the world’s safest countries. The D7 Passive Income Visa is straightforward for retirees.
Perfect for: Kiwis wanting European charm, safety, and a mix of coast and countryside.
3. Costa Rica – Score: 87.6
Costa Rica’s pura vida lifestyle appeals to nature lovers. Couples live comfortably on around $2,560 NZD per month. National parks cover a quarter of the country, with the Nicoya Peninsula a global “Blue Zone” for longevity. Healthcare is excellent, public and private options available.
Perfect for: Eco-conscious Kiwis seeking nature, health, and a relaxed lifestyle.
2. Panama – Score: 89.3
Panama’s Pensionado program offers retirees discounts on utilities, entertainment, and medical services. Foreigners enjoy near-equal property rights, low property tax, and modest pension income requirements (around $2,590 NZD per month). The country is stable, well-governed, and infrastructure is modern.
Perfect for: Kiwis wanting retiree benefits, modern amenities, and Latin American warmth.
1. Greece – Score: 90.1
Greece tops the list for the first time. With around 300 sunny days a year, couples live comfortably on $5,190–$5,710 NZD monthly. Mainland rentals start from $520–$1,040 NZD; a three-bedroom Corfu house rents for $1,380–$1,730 NZD. Private health insurance is affordable and English-speaking doctors are available. The Golden Visa program provides accessible pathways for property-based residency.
Perfect for: Kiwis seeking Mediterranean beauty, welcoming communities, and an affordable luxury lifestyle.
