1. Algarve, Portugal
- Your monthly budget: $1,500
Dreaming of retiring in a faraway place? The best locations offer gorgeous views, affordability, great weather, vibrant communities and a solid number of expats.
The Algarve area of Portugal takes the top spot for the third year in a row on Live and Invest Overseas' list of the best places to retire abroad. The coastline region boasts fishing villages, open-air markets, beaches and dozens of golf courses.
The cost of living here is among the lowest in Western Europe and a strong dollar is making it even more affordable for Americans.
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