The Latin America country of Ecuador tops the list of places for foreigners to retire to.  In the rankings produced by InternationalLiving.com, viewed Ecuador’s quality of life, low cost of living and mild climate as ideal for retirees.

Ecuador placed ahead of Costa Rica, Panama, and Mexico – other desired Latin American locations to retire.  A retiree faces monthly living expenses in the range of $900 to $1,400 to live in Ecuador comfortably.

InternationaLiving.com looked at data from 22 destinations that tend to be popular with American and Canadian retirees.  They took into consideration cost of living, housing cots, health care and other items critical to retirees.  Most of the countries that topped the list were Latin American, Spanish speaking countries, something the editors at InternationalLiving.com did not view as a negative.

According to the Huffington Post, an estimated 3.3 million Americans plan to retire abroad.

Ecuador weighed in heavy on its “top notch hospitals, clinics and well-trained physicians,” many of which speak English.  In addition retiree can’s participate in Ecuador’s health care system via Social Security for a modest premium.