According to InternationalLiving.com's Annual Global Retirement Index, Ecuador is also safe, cheap, warm and welcoming to expats. For these reasons and more the South American country has been named the best country in the world to retirement.
Panama, Mexico, Malaysia and Costa Rica complete the top five in the 25-nation list, with Spain the top European destination in sixth and Malaysia the best place to spend one's twilight years in Asia.
'The world's top retirement havens for 2015 may dot the landscape from Asia to Latin America to Europe, but they share certain assets,' said Jennifer Stevens, executive editor of InternationalLiving.com.
'They're safe, offer good value and are places you can settle with relative ease.'
Ecuador scored 92.7 out of a possible 100 points, and excelled in climate, property costs and discounts on flights, public transportation and utilities offered by the government for retirees.
Panama in second is commended for its Pensionado visa, which is available to anyone with a lifetime pension of more than $1,000 (approximately £650). The visa offers discounts on medical services, entertainment, meals, air fares, as well as electricity and phone bills.
Malaysia, the top retirement country in Asia, earned its kudos for how easy it is to fit in, and its entertainment and amenities, along with its low living costs - a meal with a bottle of wine can cost as little as $5 and a visit to the doctor just $15.
Photo Credit: Alamy
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