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I have to go out for the remainder of the afternoon now so I will answer assuming that you are foreign nationals (eg. US citizens) and are not financially dependent upon contributions from your daughter to meet your living costs at present.
if this is not the case then please state and I will be able to answer at around 7.15 BST.
I'm afraid that it's not as simple as you might expect. In order for parents to settle in the Uk on the basis of their UK children they have to show that they are wholly or mainly financially dependent (ie. More than half their income) upon their children to meet the costs of living. This being the case you would not be able to apply on this basis. If you are not working then the possibility of a worker visa is out of the question too.
This leaves you with two alternatives:-
You would certainly need a UK immigration solicitor to draft the application for you because it is very specialised. If you can do the above then you may have a small chance of obtaining leave to remain. It would cost around £1500+VAT for a solicitor to do this for you.
I appreciate that this is probably not what you wished for or expected but access permanently to the UK is very restricted in the case of foreign nationals wishing to retire here. The best thing you can do is instruct a solicitor to act on your behalf to give you the best possible chance of being granted leave to remain. In both cases it is crucial to show your compelling family ties to the UK because of your daughter/grandchildren.
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I omitted the following link by way of confrimation on the requirement for parent dependents in 1) above:-
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