You’ve done the work, now it’s time to rest. Reaching retirement, and spending your days simply relaxing, is the dream of many people. However, the financial aspect can be a major factor when you decide where to spend the rest of your days.

InternationalLiving.com’s ‘World’s Best Places to Retire’ index annually evaluates which countries allow couples to stay within a $1,500 to $2,500 a month budget as they enjoy retirement. Factors include food, transportation, house rent and medical assistance.

The 2022 list puts Panama on top for the 11th time, showing that this Latin American country can offer a low cost of living for retired expats along with safety and low-cost healthcare.

Below are the top countries to retire in 2022, along with the average monthly budget you’ll need to live comfortably.

Uruguay

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