PERU

   Peru is a lower cost, large country with quite a few attractions, like the popular Cuzco area with nearby Machu Picchu, and the bustling metropolis of Lima which boasts a very pleasant neighborhood with great expat appeal called Miraflores. Personally, I can't get enough Peruvian ceviche, which any Peruiano will tell you is without a doubt the absolute best in the world.

There are three ways an American retiree could stay in Peru, the independent investor visa, the rentista visa, or continuous tourist visas.

http://www.expatperu.com/vrequirements.php

The investor visa requires an investment of at least 25,000 dollars in Peru. This is interesting because it is a lower amount of money than is required for similar investor visas in other countries.

The rentista visa requires a pension or social security income of at least 1000 dollars per month and this money must be transferred into Peru. Whether you can use annuity income for this is not known.

Or you could just stay on tourist visas. Lots and lots and lots of tourist visas. With a US passport you get a 90-day stamp on arrival in Peru, and then this can be extended in Peru by another 30 days. So that gives you four months.

Then what? Leave Peru, and repeat. That is another four months. But that doesn't mean you have to go back to America (expensive), you only have to cross the border to a nearby country. That means leaving Peru every fourth months, or three times a year, for as long as you want to stay in Peru.

Any expats in Peru doing this dance? Like to hear about it.

Aside: You cannot work on a tourist visa but you can do volunteer work.