Richard Eisenberg , Forbes.com
The idea of retiring overseas might seem appealing to you with its inexpensive living and the chance for a new adventure. Kathleen Peddicord, publisher of the Live and Invest Overseas site and the Overseas Retirement Letter estimates that 1.4 million American retirees are doing it.
But where in the world should you retire to?
The beachfront Algarve region of Portugal, according to Peddicord’s newly-released (and somewhat surprising) 2014 Retire Overseas Index.
“It’s the most affordable option in Europe for retirees,” says Peddicord, whose number crunchers estimate you can live on $1,500 a month in the Atlantic Ocean-hugging southernmost province of Portugal. “Not only will you find quintessential old world culture in the Algarve, with medieval villages and Eurocharm, but also some of the best beaches in Europe. And the weather is great and stable.”
And rounding out the 2014 Retire Overseas Index are these 14 places, grouped by region (nine in the Americas, three in Europe and two in Asia):