The 82-year-old guitarist admitted he has suffered "some wear and tear" from the Paint it Black group's huge stadium shows over the years.
Now with the band getting old, none of them find travelling as easy as they used to so setting up at one venue for fans to come to them may be a good solution.
In an interview with the upcoming issue of Uncut magazine, he said: "I don't know if tours are possible. It's the travelling that takes it out of you.
"I do see the possibility of us doing a residency somewhere. Wherever it is, London, New York, Paris, anywhere. I'll play Rome!
"But I don't see why they shouldn't be able to throw some shows together in a new format."
Richards joked it's necessary for him to keep working with the group and will do whatever it takes to keep him, Sir Mick Jagger, also 82, and 79-year-old Ronnie Wood together.
He said: "I love working with the guys. I mean, what am I gonna do?
"Jesus Christ. It's necessary for me — at gunpoint, if needs be — to keep a band together."
Richards' comments were released days after Jagger teased the band are set to perform live together again in 2027.
Appearing on TODAY's Sunday Sitdown with Willie Geist, he said: "Well, I'd love to. I really want to. And, I'm ready to go.
"I don't think we're gonna do shows this year, but hopefully we'll do shows next year."
He also teased their upcoming album Foreign Tongues is an amalgamation of different styles.
Jagger said: "You hope that every track has got something for everyone. That's why you've got, you know, 14 tracks."
He made a similar comment while on BBC Radio 2's Tracks of My Years recently.
Foreign Tongues, due on July 10, follows the Grammy-winning success of 2023's Hackney Diamonds and the band's 2024 North American tour.
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