The Global Post has compiled a report of the best budget retirement locations around the world.
Judging the locations on the activities available and the cost of maintaining an "
international lifestyle"
, the report rated a variety of expat retirement hotspots.
Bulgaria was the only European destination to make it onto the list with its "
sandy beaches, snow-topped mountains, rich cultural heritage and cosmopolitan capital"
adding to its appeal.
A temperate climate and relatively low cost of living also made the country a popular choice.
Six Latin American destinations made it in to the top-ten list: Argentina, Costa Rica, Ecuador, Mexico, Uruguay and Panama.
The availability of British hospitals could make Argentina a particularly appealing choice for UK nationals.
Panama could offer additional bargains for retirees, including up to 50 per cent off movie and theatre tickets as well as 30 per cent off public transport