Start Your Beachfront Retirement in 30 Towns Under $40,000 a Year

13. Mallorca, Spain

Nestled in the Mediterranean Sea, Mallorca, Spain, is a stunning island getaway. While Spanish is the primary language, English speakers will find themselves at ease, especially with the presence of German expats who frequent the island.

For those craving an English-speaking escape, a quick $100 round-trip flight from Barcelona to London is all it takes. Mallorca enjoys a classic Mediterranean climate, boasting warm summers and mild winters, perfect for indulging in fresh seafood and savoring Spanish paella.

Christian Monson, a happy transplant from the United States, found Mallorca's affordability appealing. With a modest $800 monthly mortgage for a three-bedroom home, he enjoys $3 beers at local bars and $10 taxi rides to Palma. Despite the weaker US dollar against the Euro, the island's low cost of living ensures a comfortable retirement lifestyle for expats like Monson.