I've always said. Venezuela is the best place to retire (if you don't mind being careful and take extra cautions to avoid the crime to get you). Only if your pension comes from abroad and you get paid abroad.
Venezuelan's government are so proud to speak about how much terrain they've conquer with retirement pensions and benefits - what they don't say is that those pensions are worthless for Venezuelan people. I can say 99% secure that they are less than 20$ per month.
Now, anyone coming with a pension of 500$ from their home country, will have a luxury life in Venezuela. Wait, you first need where to live. No one is renting homes anymore, and the one you find are in $ and high rates (yes, it does not make sense but that is how it is). So your best bet is to find a room with a host family and I guarantee you that you won't be paying more than 50$ per month.
That gives you 450$ spending money. Now, minimum wage in Venezuela is around 15$ - 20$. However you need more than that. The only way to live with that money is to SURVIVE. With money you don't need to Queue for food. Just pay a 'BACHAQUERO' and he will get you all the food you need at 20 times more expensive than buying yourself after 7 hours of queue. HOWEVER, 20 times is top example, as you normally find items by 3 - 8 times their value but still, I bet they are cheaper than in your home country.
I am going again in June, only if the rain season has started by then.