🇨🇴 Retire in Colombia
Everything you need to know about early retirement in Colombia — taxes, cost of living, healthcare, visa options, and how to calculate your FIRE number.
Quick Facts
Taxes for Retirees in Colombia
Colombia has 10% capital gains tax on long-term investments. The income tax system uses progressive brackets with a top rate of 39%. For FIRE retirees living off investment income, the effective tax rate is typically much lower than the top bracket since most withdrawals come from capital gains rather than earned income.
Income Tax Brackets
Cost of Living in Colombia
Colombia has a very low cost of living with an index of 32 (where New York City = 100). This means your money goes significantly further here compared to major Western cities. Many FIRE retirees find they can live comfortably on much less than they would spend in the US or Europe.
Healthcare in Colombia
Public healthcare available for residents (estimated $1,200/year post-retirement).
Affordable private healthcare. Many expats use private insurance (~$100-200/mo).
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FAQ: Retiring in Colombia
How much money do I need to retire in Colombia?
Using the 4% safe withdrawal rate, you need approximately 25x your annual spending. With Colombia's very low cost of living (index 32/100), your FIRE number could be significantly lower compared to retiring in the US. Use our free calculator to get your exact number.
What are the tax implications of retiring in Colombia?
Colombia has 10% capital gains tax and a top income tax rate of 39%. For FIRE retirees primarily living off investment income, the effective tax rate depends on your withdrawal strategy and account types. Our calculator models this in detail for your specific situation.
Can I get a visa to retire in Colombia?
Various residency options available. Visa requirements depend on your nationality, income, and assets. Check the visa details in our calculator for the most up-to-date information.