Whether retirement is a long way off or just around the corner, retiring as comfortably as possible is likely to be a primary objective.
Having analysed the happiest cities to spend retirement across the globe, one study1 has revealed that Helsinki takes the number one spot. The research also shows that people typically need a pension pot of around £225,000 to comfortably retire in one of these cities.
Best places to retire
The analysis used a ‘happiness index’ to rank cities from around the world. This was based on findings from the ‘World Happiness Report’ as well as cost of living, average salary and life expectancy data from over 50 countries.
Alongside Helsinki, three more northern European capitals – Copenhagen, Reykjavik and Oslo – also featured in the world’s top five cities with the happiest retirees. Switzerland’s Geneva made up the final member of the quintet, sitting third on the list.
UK makes the top 20
When taking into account not only the happiest but the most affordable places to retire, Australia’s Melbourne topped the list. Reassuringly, Belfast, Edinburgh and London also featured among the world’s top 20 happiest retirement cities ranked on this basis. 1Audley Villages, 2020