10 best places to retire overseas

  • 8. Budapest, Hungary

    The Hungarian capital of Budapest is one of Europe's most beautiful cities

    The gorgeous Hungarian capital of Budapest is two merged towns -- Buda and Pest -- divided by the scenic Danube river. The elegant Buda side, where you'll find the spectacular and pristine Buda Castle, is filled with parks and elegant homes. The vibrant Pest side is where you'll enjoy a wealth of museums, restaurants and night life.

    Considered one of Europe's most beautiful towns, Budapest is a little more expensive that some of the other top cities for retirees, requiring a budget of about $1,500 a month, according to Live and Invest Overseas. The bulk of it goes to rent, which will set you back about $900 for a two-bedroom apartment. Plan on spending about $300 on groceries and $60 per doctor's visit.