10 Stunning Places Where You Can Retire for as Little as $200K

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10. Panama

Just a short flight away from Miami, Panama is a stunning place to retire. English is basically the second language there, so you wouldn’t have any problems communicating. You’ll be happy to find out that not only is it the perfect place to enjoy high-class dining, culture and city living, it also provides a high quality medical care.

Even if you’d choose its cosmopolitan capital, the cost of living would be less than you’d ever expect. A one-bedroom apartment in the city center costs about $1,035 a month and renting somewhere further would be as cheap as $620/month.

Panama is also known for its Pensionado Program, which stabilizes medical care, property, car taxes and your overall expenses towards medical care. However, you would have to gain residency which requires proof that you get at least $1,000 per month pension from your home country.