Published Tuesday, January 5, 2016 7:54AM EST
Last Updated Tuesday, January 5, 2016 7:55AM EST
In Panama, a retired American couple can live on the beach and eat farmer's market fruits and vegetables all year-round, without sacrificing the conveniences and amenities of home for $1,500 a month -- all in.
The cost of living is low compared to the quality of life in Panama, which is why the Central American country was named the best place to retire in International Living's Annual Global Retirement Index for 2016.
Already home to 50,000 US expats, Panama topped the index after raking in top scores across 10 categories including: buying and renting property, visas and residence, cost of living, environment and amenities, health care, infrastructure, and climate. Read More about retirement in Panama here ........