Cheap places to retire abroad

If you’re approaching retirement and have saved diligently, maybe it’s time to reward yourself with a permanent vacation. Retiring abroad seems like a luxurious and expensive option for many, but depending on where you go, it can be much cheaper than most places in North America. According to our estimates, the average middle class couple requires an annual retirement income of $55,000–or $625,000 in the bank to retire at 65. If you think you’ll have this much stowed away in your nest egg and decide to jet off to these international locales, you may find you can live in luxury.