20 Places Where You Can Retire With $150K

Spain

Ignore locations like Barcelona which cost as much as living in the US. The town of Valencia offers affordable accommodations such as one-bedroom apartments for $630 per month. Enjoy warm, sunny weather, cheap food, nature and nearly non-existent winters. You can easily vacation throughout Europe from there.

As affordable as the country is, you need to prove you could live in its expensive areas. Application for a retirement visa requires proof of $2,500 per month income, which equals and annual $30,000. Also, submit documentation that your health insurance works in Spain. You must apply for and receive a foreign visitor number (NIE) so you can open a bank account and pay utilities.