How to retire in Mexico
To retire in Mexico, one option is to apply for a temporary resident visa at a Mexican consulate in the U.S. This visa grants a one-year residency and can be renewed for three more years.
As of January 2019, retirees seeking this visa must show a savings balance of $27,000 or proof of income from a foreign pension or investments of $1,620 per month over six months.
Alternatively, you could apply for permanent residency immediately. You’ll need to show you had monthly income of $2,700 or savings of about $108,000 over the past 12 months.
Married couples should add another $540 to the monthly income requirements for both visa types.