Retire In Ecuador

For Affordable Retirement in Paradise


Retire in the land of eternal spring for under $900 a month.  This is your best choice for a cheap retirement location in a fantastic setting.

With an average temperature of seventy-five degrees, Ecuador boasts the best of all worlds.

Here, you will discover beautiful tranquil beaches, lush tropical rain forests, and the snow-capped mountains of the Andes.  Not bad for a budget retirement.


It is no secret that Ecuador is one of the cheapest places to retire overseas. What you may not know is that it is one of the most picturesque.

For under $900 you can retire in Ecuador and afford a much richer lifestyle than you would back home. Of course, depending on your spending habits, you could spend much less.

All of the amenities are available such as cable, cell phones, medical care, fine restaurants, nightclubs and supermarkets.

And Ecuador uses the U.S. dollar as currency, so there is no need to worry about fluctuating dollar rates.  This makes Ecuador one of our top choices for a budget retirement location.

Tips For Retiring Overseas

If you plan to retire overseas, it is essential to be prepared. Many headaches can be avoided by planning ahead. Use the following retirement tips to make your journey an easy one.

  1. A good cheap travel abroad tip is to stay at hostels and bed and breakfast ins instead of more expensive hotels. They are easy to find in South and Central America as well as in Europe. And take advantage of public transportation whenever possible in place of a taxi.
  2. See you doctor first and make sure to get the recommended vaccinations. Other overseas retirement preparations include taking along extra passport pictures for border crossings. If you want to retire in Ecuador, enjoy the beauty of nearby countries.
  3. Keep in mind when living in a foreign country, the amount you actually pay in taxes will depend on your circumstances and where you retire. Avoid unexpected surprises by finding out what costs are involved first.
  4. Remember that if you establish residency overseas you continue to be a citizen of your own country. Even if you are no longer a resident there.
  5. Apply these retirement planning tips to increase the money that goes into your pocket. Take control of your retirement and learn how to cut your spending without affecting your quality of life. Choosing a cheap retirement location is just one of the things to research.
  6. Retiring overseas means savoring new experiences. Extend your boundaries and have the time of your life. Discover the wonders of a new shore. Depending on your budget and where you choose to live, retiring overseas can be much more affordable than you can imagine.

Cost of living in Ecuador

Utilities and Monthly Expenses

Your monthly expenses are much more affordable when you live or retire in Ecuador. Taxes are minimal. Cable is less than $30, bus service is a quarter, a taxi is about $3. Full-time household help runs about $30 a week. Electricity averages about $15 per month and monthly usage of propane is about $10.

Rent and Cost of Meals
A gourmet meal for two, including dessert and drinks costs about $20. Weekly grocery bills for two is less than $70.

Overlooking the Andes, you can rent a two-bedroom apartment for under $250 a month.  This is much cheaper than most budget retirement locations. And the breathtaking view is free. In the capital of Quito, rent is about $400. Expect to pay a bit more for the perk of living on the coast.

Short term rentals are usually furnished as opposed to long-term rentals. Although this is always negotiable.

Health Care in Ecuador
The private hospitals and physician are first-rate. The top three are Mount Sinai, Santa Inez, and the newer University Hospital. A specialist charges less than $30 for a 45-minute visit.

It is best to apply for an international insurance policy when you retire in Ecuador. This will cover health care overseas when traveling and for true emergencies.

Stick to paying out of pocket for regular medical occurrences since the cost is so affordable.  When searching for a cheap retirement location, always research possible medical expenses.

Tourist Visa

A tourist visa is easy to obtain here and lasts for 90 days. It can then be extended for 180 days.

A tourist visa is your best place to start when retiring in Ecuador.

Obtaining a Retiree Visa
Establishing residency in Ecuador is actually very simple. Make sure you have at least 30 days remaining on your tourist visa.

  • You must provide normal documents such as birth certificates and marriage certificates if you decide to live or retire in Ecuador.
  • You must also show a monthly income of $800 from either a pension, Social Security, or similar avenue in order to retire in Ecuador. Make sure to add another $100 per dependent.
  • Ecuador requires that you not leave the country for more than three months for the first two years. After that, you can remain anywhere outside Ecuador for up to 18 months.

Other options for showing $800 in proof of income in Ecuador:

  1. Invest $35,000 in an agricultural or export business.
  2. Or invest $25,000 in Real Estate.

How to Choose a Retirement Location
Choosing a retirement location should be simple and straightforward. Create detailed budgets and know the basics when retiring overseas with these easy-to-follow tips.  As always, preparation is essential to get the most for your money.

Investing During Retirement
Always look for retirement places where tourists are regular visitors.  Unless a secluded spot for yourself is what you desire.

When investing during retirement search for a stable government and signs of foreign investment. Find out more about these and other strategies here.

Retiring Early and How to Get There
Learn the art of low cost living and say goodbye to the rat race sooner. Make retiring early a reality by following these simple rules.  Add a cheap retirement location such as Ecuador and your dream becomes a reality.

Cotopaxi Mountain in Ecuador

Return to Cheap Places to Retire

Where you choose to live in your golden years is up to you. There are many activities to get your heart pumping if you retire in Ecuador.

Surfing, mountain climbing, exploring jungles and waterfalls are just a few.

Of course, you could just kick back in your hammock and watch the sun set over the Andes.

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