The study looked at the retirement age in each of the countries (Image: Getty) Retirement marks a significant milestone, offering the opportunity to spend your golden years embracing a lifestyle filled with relaxation and new adventures. Whether you’re seeking a serene coastal town or the cultural buzz of a historic city, choosing the ideal location to spend your retirement can be difficult. To help those who are searching for the perfect place to enjoy a fulfilling and comfortable environment, Moneypenny has revealed the best locations in Europe to retire based on several factors.

The indexes used are as follows: Retirement Age - The retirement age in each country for males & females, according to tradingeconomics . Avg Rent Cost - The average monthly cost of rent in each city, for a one-bedroom apartment not in the city centre. READ MORE: Early retirement has four little-known consequences, experts warn Sofia in Bulgaria was named as the best place to retire (Image: Getty) Avg Utility Cost - The average monthly cost of utilities in each city, based on an 85m apartment.

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