an annual cost of living study by human resources organization ECA International said that The Philippines, was placed at the bottom of the survey as the cheapest country to live in followed by Argentina, Thailand and Malaysia.
According to a survey of 32 countries and territories The Philippines has the lowest living costs for expatriates.
Housing in the Philippines is very cheap but expatriates may have to change their citizenship or be married to a Filipino citizen before being allowed to own land.
It is advisable that if one wishes to stay in the Philippines, Manila should be counted out due to the high population count making the city very expensive and congested to live in. Instead it would be ideal to consider the Southernmost part of the country where you could also find cheaper housing units for rent, cheap good foods and transportation.
Rental rates of smaller houses and apartments can cost around 100 euros. Pls consider:
1.Medical Services provided by good health providers are
2. You can own a house and lot for less than(depending on your style) $5,000.00. current exchange rate 44.00 pesos to a US dollar.
3. Excellent American, European, Chinese, Japanese and other Asian and local Foods are being offered very cheap. You pay between $1 and $10 for food (depends on your wise choice) per meal to satisfy.
4. Depending on the location, the temperature range from 10C to 34C all throughout the year.
5. Excellent resorts and vacation places. And many, many more.

Indeed you can stay here permanently with your personal househelps (less than $50), driver (less than $70) caregiver (less than $100) etc per month.
As an added inputs; Foreigners such as as Europeans, Americans, Aseans are aplenty enjoing their retirement.