Reports suggest that retirement to a beach town in a foreign country may be possible on a monthly budget of $2,500, with options including a pacific beach town in Mexico. However, the ideal destination and retirement age are unclear, with some outlets mentioning Costa Rica, Panama, and Portugal as alternatives, and retirement ages ranging from 55 to 62. The amount of savings required for such a retirement also appears to vary, with some reports citing figures such as $500,000 or $950,000.