A study by International Living identified five places for people to retire on just $30,000 per year
The outlet named, in order, Mafra, Portugal; Cuenca, Ecuador; Central Valley, Costa Rica; Pedasí, Panama; and Phnom Penh, Cambodia
Each city is estimated to cost a single person between $1,150 - $840 per month
A new study has ranked the five best cities to retire in on only $30,000 per year - and none of them are in the US.
Planning for retirement has long been known as a complicated and frustrating endeavor fraught with uncertainty, especially given that the average monthly social security check is only $1,404.
According to the Social Security Administration, more than 40 percent of single adults receive more than 90 percent of their income from that monthly social security check.
A study by International Living has identified the five best places in the world where that check will go far enough to live comfortably.
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