Rich in history and culture, Europe has long had an appeal for American retirees. But many people who would love to retire there fret that it's beyond their budget. But while Europe on the whole is more expensive than Latin America or Asia, there are places where an affordable retirement can be found.
Portugal's Algarve, located at Europe's westernmost tip and boasting 100 miles of Atlantic coastline, could be Europe's most famous secret. This region boasts Europe's best beaches, Europe's best golf courses, some of Europe's friendliest folk, and Western Europe's lowest cost of living. It's also Europe's newest tax haven.