Thailand offers a long-term "retirement visa" (typically issued under the Non-Immigrant O-A or O-X categories) for foreign nationals aged 50 and older. Generally, applicants need to show either a minimum monthly income/pension or a minimum balance held in a Thai bank account (sometimes a combination of both), along with health insurance meeting Thai requirements and a clean criminal background check.
These requirements — income thresholds, deposit amounts, insurance minimums — are updated periodically by Thai immigration authorities, so treat any specific figure you read (including older posts, including ones on this site) as a starting point, and confirm current requirements directly with the Royal Thai Embassy or Consulate before making plans.
See our Chiang Mai overview for one of the more popular retirement destinations within Thailand.
Relocating to Arkansas specifically? See our Arkansas relocation guides.