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1. Hanoi, Vietnam: Hanoi, Vietnam's capital city, has one of the lowest costs of living of any major city in Southeast Asia. A couple can live a comfortable lifestyle in Hanoi on a budget of $905 per month or less, or $10,860 a year, according to International Living.

An increasing number of Americans are retiring overseas to capital cities that offer a culture-rich lifestyle, excellent infrastructure and top-class dining and entertainment — and an affordable price tag, according to Internationalliving.com. A new report from the editors at International Living reveals five capital cities overseas where a couple can retire on less than $37,000 a year. "An urban retirement holds increasing appeal for baby boomers keen on the idea of staying active and aging in place. In big cities like Washington, D.C., retirees can easily access theater, dance, museums, restaurants, doctors and grocery stores without getting in a car," Jennifer Stevens, executive editor of International Living, said in a statement. "But all that comes with a high price tag — especially for living and housing costs. The median household income in D.C. is $72,935, but experts say you need more like $90,811 to live there comfortably as a working person." By International Living's calculations that equates to $63,568 a year, or $5,297 per month, for a couple to retire comfortably in the capital of the United States. "But retirees can gain all the same benefits of a cosmopolitan, urban lifestyle in the best-value capital cities overseas — for a small fraction of that price tag," Stevens said in a statement. The International Living report lists five capital cities in Europe, Latin America and Southeast Asia where a retired couple can live well on less than $37,000 a year. Check out the gallery to see which five cities are in the report. READ MORE at BenefitsPRO:
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Emily Zulz

Emily joined the ThinkAdvisor team as a reporter in the summer of 2014. She previously worked as a reporter for The Daily Journal in Kankakee, Illinois for a year and as a reporter and editor for The Daily Eastern News in Charleston, Illinois for two and a half years. Prior to joining ThinkAdvisor, Emily worked on Groupon’s editorial team in Chicago as a fact checker for three years. She graduated cum laude with a BA in journalism from Eastern Illinois University, and she has been the recipient of two journalism awards for her news reporting at daily newspapers.