20 Places Where You Can Retire With $150K

Ecuador

Americans flock to breathtaking Ecuador. In fact, the majority of foreigners of retirement age there are from the USA. It has worked hard to keep its natural areas pristine. You can find small towns rich in the country’s history and bustling cities. Throughout the country, you’ll find exceedingly affordable rental options. In Quinto, Ecuador’s capital, a one-bedroom apartment in midtown costs about $460 per month; in the country town of Cuenca, you’ll pay about $340 per month for the same size place.

See how you like it with a short visit. You can travel there for the summer (up to 90 days) on a visitor visa. Once you’ve decided you like it, visit the Ecuadorean consulate in the US to apply for a pensioner residency visa. You’ll have to prove you’re getting at least $800 each month from a government recognized pension source. You also must purchase health insurance.