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Boquete, Panama

If you’re a retiree on a fixed budget of $2,000 a month, the Panamanian city of Boquete can help you live large with a small bank balance. Retirees Karl and Liz Parker live on exactly this amount, due in no small part to Panama’s retiree benefit program, known as the pensionado.

This program gets them discounts on just about everything and makes their monthly expenses a fraction of what they would be in the U.S. These include 30 percent off public transportation, 50 percent off movies and sports events and 25 percent off air travel. Doctor’s visits are $10, and those doctors often speak English, having received their medical training in the U.S.

Anne Rippy | Getty Images