Most Affordable European Travel Destinations For Retirees

This article is written for an American audience and as such refers to laws and regulations in the US.

Credit card companies have successfully sold the lie that it is impossible to travel without going into debt. For retirees who have worked their entire life to escape debt, many are suspicious of opening up new accounts to travel – especially since they now have access to enough investment income to fund their travel with cash.

This suspicion is well-founded. According to Dove, credit-card debt can be discharged by either a Chapter 7 or a Chapter 13, but neither option is ideal for retirees, especially if travel is in your future. Don’t jeopardise your financial future with short-term thinking. If you intend to pay cash for your European vacation, here are a few ideas for destinations that you can get to without spending too much at once.


Ever since the Berlin Wall fell in 1989, Prague has been a favourite destination for those seeking an affordable but yet unforgettable vacation. There are so many sights to see there: Prague Castle, the Charles Bridge, Old Town Square — just to name a few. The whole city is like a fairy tale come to life, and if you need a break, you can always refresh yourself in one of the city’s world-famous pubs — some of which are over 500 years old. What’s more, U.S. News recently ranked Prague the 4th most affordable vacation spot in Europe. I’ve visited Prague several times now and have travelled outside of the city to Karlovy Vary and the Bone Church. I highly recommend Prague for Retirees.

Retirees in Prague


Speaking of that U.S. News report, the first and third most affordable cities listed in it are in Italy: Rome and Florence, respectively. In Rome, along with all the amazing people you can meet, you can see the Colosseum, the Pantheon, and St. Peter’s Basilica — not to mention the countless museums. A visit to Florence, on the other hand, means stepping back into the Renaissance as you visit the city’s museums, cathedrals, and plazas.

In both cities, you can also experience some of the best food in the world, and you’re not far from Italy’s other great cities.

I would personally avoid going at the height of summer. Rome can have some really dry hot days, and the city does not have a lot in the way of shade.

Retirees in Italy


If sophistication and old-world charm at a reasonable price are what you’re looking for, look no further than Vienna. Within the Inner City you will find beautiful architecture wherever go, such as St. Stephen’s Cathedral, Schonbrunn Palace and the State Opera House — and the city’s famous chocolate and coffee are never more than a few steps away.

If all this is not enough to sway you to visit, Vienna is surprisingly affordable, coming 6th in U.S. News’ rankings.

Retirees in Vienna


According to TIME, you can visit lots of antiquities in Athens, like Acropolis and the Parthenon. Also, like in Rome, you can sample all the incredible food. As an added benefit, it’s short distance from the country’s renown islands, such as Mykonos, Rhodes, and Corfu.

I vouch for Corfu. Having visited it twice, I have also had an amazing time out in the bay.

Athens ranks 5th in U.S. News’ list of affordable European cities.

Retirees in Athens

A once-in-a-lifetime trip to Europe shouldn’t mean going into debt. There are many high-quality choices, and they are as wide as the continent itself. Europe has a lot to offer to Retirees.