This South American City Lets Your $1 Million Retirement Nest Egg Last 95 Years-and It Has Idyllic Weather

"As International Living explains, it's a temperate weather lover's dream come true because although it's near the equator, "Cuenca sits high in the northern Andes at an altitude of 8,300 feet and its residents enjoy year-round spring-like weather. Temperatures rarely go beyond highs in the 70s F and lows in the 50s F, so a sweater or light jacket is sufficient all year long.""

"However, Cuenca wasn't the only Ecuadorian location to make the list. "Beyond its incredible affordability, Ecuador provides a unique advantage for American retirees: it uses the U.S. dollar as its official currency," the report stated. "This eliminates the risk of currency fluctuations, offering a level of financial predictability in cities like Cuenca (No. 1) and Quito (No. 5) that is rare in the region.""

Argentina Expat analyzed average yearly cost of living and one-bedroom rent for a single person in 25 Latin American cities popular with expats. A $1 million nest egg could last an estimated 95 years in Cuenca, Ecuador, where total annual cost for a single person is $10,548. Cuenca is located in the southern Andes with about 600,000 residents and offers year-round spring-like weather, outdoor activities, festivals, and live music. Ecuador uses the U.S. dollar as its official currency, which reduces currency fluctuation risk and provides financial predictability in cities like Cuenca and Quito. Managua, Nicaragua, ranked near the top as well.

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