Panama always takes the top spot in the retirement-benefits category due to its pensionado, or pensioner's, program. Conceived to secure discounts for Panama's senior citizens — savings on everything from surgery to movie tickets — the program is open to foreigners and even grants them residency.
In ultramodern Panama City, you can buy a two-bedroom condo for as little as $85,000.
Thanks to the Panama Canal, this long has been a cosmopolitan international destination. Yet it's still affordable. You can live comfortably in Panama City for as little as $1,500 a month, including rent (or mortgage).