The Best Countries to Retire In

The number of people age 60 and over is now 13% of the world's population, and that is increasing by 3% every year, according to the Natixis Global Retirement Index.

Is the world ready for that increase in aging populations? Because it's driven by long-evolving demographic trends, a retirement crisis has been approaching in slow motion for decades, the Natixis report says.

The Global Retirement Index provides a snapshot of 43 countries and their relative score on key measures that influence retirement security. The purpose is to examine the factors that drive retirement security and to provide a comparison tool for best practices in retirement policy.


Advice for Losing Your Job Later in Life Follow TheStreet Now on SoundCloud, Click Here for Retirement Daily with Robert Powell

The index examines and scores 18 factors across four categories: Finances in Retirement, Material Wellbeing, Quality of Life, and Health.

The four categories are key aspects of welfare in retirement: do people have the material means to live comfortably in retirement? Do they have access to quality financial services to help preserve savings and maximize income? Do they have access to quality health services and a clean and safe environment?

Finance index includes factors such as interest rates, taxes, inflation, and old-age dependency.

Material Wellbeing looks at income equality, income per capita, and unemployment.

Quality of Life includes happiness, air quality, water and other environmental factors.

Health includes life expectancy and health care costs.

The 43 countries surveyed are International Monetary Fund advanced economies, members of the Organization for Economic Co-operation and Development, and the BRIC countries (Brazil, Russia, India and China).

These are the countries that are leading the way for the security of retirees.

Retirees, Want to Buy $1 Worth of Stock for 90 Cents or Less? Click here to register for a free online video in which TheStreet's retirement expert Robert Powell and an all-star panel. The webinar is sponsored by Nuveen.

1. Switzerland
1. Switzerland

1. Switzerland

Finances in Retirement score: 78/100

Health score: 87/100

Material Wellbeing score: 80/100

Quality of Life score: 92/100

Switzerland takes the top spot out of 43 countries for retirement security with higher scores for quality of life, (thanks to better air quality and environmental factors), finances, and health. Switzerland has made improvements in the index's tax pressure indicator, the report said.

Photo: Shutterstock

2. Iceland
2. Iceland

2. Iceland

Finances in Retirement score: 71

Health score: 85

Material Wellbeing score: 93

Quality of Life score: 88

In terms of finances, Iceland has made strides in the inflation, government indebtedness, tax pressure and interest rate indicators. Pictured is Akureyri City, Iceland.

Photo: TRphotos / Shutterstock

3. Norway
3. Norway

3. Norway

Finances in Retirement score: 60

Health score: 90

Material Wellbeing score: 87

Quality of Life score: 92

Countries in the top ten typically achieved good performance across all four sub-indices. The top 10 countries all have higher scores for the quality of life sub-index. Pictured is Bergen, Norway.

Photo: Elaine.Adoptante / Shutterstock

4. Sweden
4. Sweden

4. Sweden

Finances in Retirement score: 67

Health score: 89

Material Wellbeing score: 71

Quality of Life score: 90

According to the report, the Nordic countries -- Denmark, (which ranks No. 8) Norway, Finland, Iceland and Sweden -- have always been top performers in this index. With better income equality than most countries, a generous social security system, and generally good economic performance, the Nordic countries can be considered a model worth emulating, the report says.

Photo: Alexander Tolstykh / Shutterstock

5. New Zealand
5. New Zealand

5. New Zealand

Finances in Retirement score: 79

Health score: 85

Material Wellbeing score: 63

Quality of Life score: 90

Photo: Shutterstock

6. Australia
6. Australia

6. Australia

Finances in Retirement score: 78

Health score: 85

Material Wellbeing score: 66

Quality of Life score: 83

Above, retirees camp on the bank of Lake Kununurra during the annual dry season in Ununurra, Australia.

Photo: Philip Schubert / Shutterstock

7. Ireland
7. Ireland

7. Ireland

Finances in Retirement score: 71

Health score: 82

Material Wellbeing score:73

Quality of Life score: 83

Above, people sit outside of Bulman Bar overlooking Kinsale Harbour, in Kinsale, County Cork.

Photo: Tyler W. Stipp / Shutterstock

8. Denmark
8. Denmark

8. Denmark

Finances in Retirement score: 59

Health score: 85

Material Wellbeing score: 74

Quality of Life score: 94

Photo: Wila_Image / Shutterstock

9. Canada
9. Canada

9. Canada

Finances in Retirement score: 74

Health score: 87

Material Wellbeing score: 65

Quality of Life score: 83

Photo: Shutterstock

10. Netherlands
10. Netherlands

10. Netherlands

Finances in Retirement score: 58

Health score: 90

Material Wellbeing score: 80

Quality of Life score: 83

Photo: Kay Roxby / Shutterstock

11. Luxembourg
11. Luxembourg

11. Luxembourg

Finances in Retirement score: 62

Health score: 92

Material Wellbeing score: 73

Quality of Life score: 80

Photo: Dmitry Eagle Orlov / Shutterstock

12. Finland
12. Finland

12. Finland

Finances in Retirement score: 63

Health score: 81

Material Wellbeing score: 69

Quality of Life score: 93

Photo: Shutterstock

13. Germany
13. Germany

13. Germany

Finances in Retirement score: 57

Health score: 86

Material Wellbeing score: 79

Quality of Life score: 83

Photo: Shutterstock

14. Austria
14. Austria

14. Austria

Finances in Retirement score: 54

Health score: 86

Material Wellbeing score: 76

Quality of Life score: 87

Above, a woman rides an electric mountain bike in the Karwendel area of Tirol, Austria.

Photo: Shutterstock

15. Czech Republic
15. Czech Republic

15. Czech Republic

Finances in Retirement score: 69

Health score:72

Material Wellbeing score: 82

Quality of Life score: 75

Photo: Shutterstock

16. United States
16. United States

16. U.S.

Finances in Retirement score: 72

Health score: 86

Material Wellbeing score: 61

Quality of Life score: 77

The U.S. has moved up one spot since last year's report, thanks to improvements in material wellbeing and finances - however, it is in the bottom 10 in income equality, with the seventh-lowest score among all 43 countries. The U.S. also had no improvement in government indebtedness, where it had the seventh-lowest score for the second year in a row.

Photo: Kobby Dagan / Shutterstock

17. United Kingdom
17. United Kingdom

17. United Kingdom

Finances in Retirement score: 57

Health score: 83

Material Wellbeing score: 71

Quality of Life score: 83

Photo: Shutterstock

18. Belgium
18. Belgium

18. Belgium

Finances in Retirement score: 59

Health score: 83

Material Wellbeing score: 71

Quality of Life score: 80

Photo: Radiokafka / Shutterstock

19. Israel
19. Israel

19. Israel

Finances in Retirement score: 71

Health score: 76

Material Wellbeing score: 63

Quality of Life score: 78

Above, people bathe in the Dead Sea in Ein Bokek, Israel.

Photo: irisphoto1 / Shutterstock

20. Malta
20. Malta

20. Malta

Finances in Retirement score: 67

Health score: 77

Material Wellbeing score: 73

Quality of Life score: 69

Fireworks light up the sky at the Mosta festival, a celebration of the Feast of the Assumption of Santa Maria, in Mosta, Malta.

Photo: ZGPhotography / Shutterstock

21. France
21. France

21. France

Finances in Retirement score: 57

Health score: 90

Material Wellbeing score: 60

Quality of Life score: 80

Photo: Salvador Aznar / Shutterstock

22. Japan
22. Japan

22. Japan

Finances in Retirement score: 55

Health score: 88

Material Wellbeing score: 75

Quality of Life score: 70

Photo: MACH Photos / Shutterstock

23. Slovenia
23. Slovenia

23. Slovenia

Finances in Retirement score: 65

Health score: 79

Material Wellbeing score: 69

Quality of Life score: 68

Above, Ljubljana, Slovenia.

Photo: Roman Babakin / Shutterstock

24. South Korea
24. South Korea

24. South Korea

Finances in Retirement score: 76

Health score: 72

Material Wellbeing score: 75

Quality of Life score: 54

Photo: Shutterstock

25. Slovak Republic
25. Slovak Republic

25. Slovak Republic

Finances in Retirement score: 68

Health score: 65

Material Wellbeing score: 64

Quality of Life score: 69

Photo: Shutterstock

26. Poland
26. Poland

26. Poland

Finances in Retirement score: 68

Health score: 63

Material Wellbeing score: 66

Quality of Life score: 65

Above, a musician performs during a festival in the town of Kazimierz Dolny, Poland.

Photo: kawkin / Shutterstock

27. Estonia
27. Estonia

27. Estonia

Finances in Retirement score: 75

Health score: 62

Material Wellbeing score: 57

Quality of Life score: 65

Above, Estonians celebrate 100 years of independence at Toompea castle in Tallinn, Estonia Feb. 24, 2018.

Photo: Uskarp / Shutterstock

28. Singapore
28. Singapore

28. Singapore

Finances in Retirement score: 79

Health score: 69

Material Wellbeing score: 53

Quality of Life score: 54

Above, men gather to watch and play Chinese chess in the People's Park Complex in Singapore.

Photo: ndquang / Shutterstock

29. Italy
29. Italy

29. Italy

Finances in Retirement score: 52

Health score: 83

Material Wellbeing score: 51

Quality of Life score: 70

Photo: Angelo D'Amico / Shutterstock

30. Hungary
30. Hungary

30. Hungary

Finances in Retirement score: 60

Health score: 59

Material Wellbeing score: 70

Quality of Life score: 58

Above, people enjoy the Szechenyi thermal baths in Budapest.

Photo: Izabela23 / Shutterstock

Advertisement

More from Personal Finance

These Places Have the Highest Violent Crime Rates in the U.S.

These Places Have the Highest Violent Crime Rates in the U.S.

California Proposes Text-Message Tax, Sparking Uproar

California Proposes Text-Message Tax, Sparking Uproar

The Alternative Minimum Tax and What to Know for 2019

The Alternative Minimum Tax and What to Know for 2019

Interest Rates: Definition, Types and Why They're So Important

Interest Rates: Definition, Types and Why They're So Important

What Are the 13 Most Expensive Colleges in 2018?

What Are the 13 Most Expensive Colleges in 2018?