A European-style capital and 4 other surprisingly cheap places to retire abroad

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While many retirees gravitate to sunny destinations like Florida and Arizona, or states with low tax burdens like Wyoming and South Dakota, growing numbers of Americans are venturing beyond the U.S. borders for their later years.

They’re discovering lots of low-cost countries eager to attract retirees from abroad and enjoy a boost to their economies.

We’ve uncovered five great destinations where older Americans can live easily on $2,000 a month, if not far less. Read on to learn about the affordability of housing, food and medical care in a few far-flung places you might want to consider for your retirement.

Need to start putting away money to retire on? A money market account is a great way to earn interest on your savings.