Your complete 2026 guide to retiring in Jeju, South Korea. Costs, visa options, healthcare, safety, and quality of life — all in one place.
| Category | Single | Couple |
|---|---|---|
| Rent (1BR / 2BR) | $600 | $840 |
| Groceries | $300 | $450 |
| Utilities | $120 | $156 |
| Transport | $40 | $80 |
| Healthcare | $65 | $110 |
| Total | $1,125 | $1,636 |
Based on current cost of living in Jeju, here's how long different savings amounts will sustain you:
| Savings | Single | Couple |
|---|---|---|
| $200,000 | 14.8 yrs | 10.2 yrs |
| $300,000 | 22.2 yrs | 15.3 yrs |
| $500,000 | 37.0 yrs | 25.5 yrs |
| $750,000 | 55.6 yrs | 38.2 yrs |
| $1.0M | 74.1 yrs | 50.9 yrs |
Assumes current costs, no investment returns or inflation adjustment. Calculate with your exact numbers →
Here are the visa programs available for retiring in South Korea:
Points based (age, education, income, Korean ability). F-2 to F-5 (PR) after 3 years. NHI mandatory. Taxes worldwide income.
KRW 500M+ (~$400K) in business/property. Age 55+ for retirement stream. Direct PR. NHI mandatory.
Tax rates are indicative. Your actual liability depends on residency status, tax treaties, and personal circumstances. Consult a tax advisor.
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Try Wise for Free →A single retiree needs approximately $1,125/month in Jeju, covering rent ($600), groceries, utilities, transport, and healthcare. A couple needs about $1,636/month.
South Korea offers 2 visa programs for retirees. The most accessible is the South Korea F-2 Residence (Points System).
Jeju has a safety score of 80/100, ranking #8 out of 182 retirement destinations in our database.
Jeju scores 78/100 for healthcare quality, ranking #16 out of 182 cities. Private health insurance for retirees 60+ costs approximately $200/mo.
With $500,000 in savings, a single retiree can expect their money to last approximately 37.0 years in Jeju. For a couple, approximately 25.5 years.
Inheritance tax in South Korea: 50% above ₩500.0M. Capital gains tax: 22%. No wealth tax.
Our retirement data is compiled from multiple authoritative sources, cross-referenced for accuracy:
All data is for informational purposes only and updated periodically. Individual circumstances may vary. Consult a qualified financial advisor for personal retirement planning. Last updated: March 2026.