20 Places Where You Can Retire With $150K

Peru

Enjoy the adventure of Machu Picchu, ancient ruins and exquisite beaches. You’ll need about $1,500 per month to live comfortably. You can rent an apartment for about $225 per month in Arequipa and Cusco. A couple can dine on a fine three-course meal for $10 to $12.

You’ll need health insurance. You can use public health care and private clinics. You may have trouble with altitude sickness early in your visit, due to the country’s high elevations.

Apply for its retirement visa, the rentista, which you can renew. You must provide documentation of a monthly income of $1,000 for a single person and an additional $500 per dependent. This visa provides a tax exemption from taxes owed on other Peruvian visas.