1.  Ecuador:

The list has been topped by none other than another South American nation ‘Republic of Exuador’. This has been selected to the top position by the editors at the International Living, as it is one of the best country’s foe retirees because of its low cost of living as well as real estate being cheaper in the country. Dan Prescher, who resides in Ecuador, says that the country offers him a great chance to live on the fraction of the cost of living without sacrificing anything to lead a good quality lifestyle. He also adds that, if a couple wants to lead a worth life in this country can live well on $ 800 per month and $1500 is the maximum what you need to spend per month including all the expenses in the country. In this nation also just like Panama, you can get 50 percent off for the transportation facility and for healthcare expenses are considered, even it is inexpensive.