How much money you need to retire in every U.S. state—it's more …

Jan 7, 2025 · Retiring in Hawaii costs over twice the U.S. average, making it the most expensive state for retirement.

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You'll Need $1m In Savings To Retire In These 15 States - USA TODAY

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Jan 7, 2025 · The priciest state is Hawaii: You’ll need $2.2 million in savings, and you can expect annual expenses of $110,921 for a comfortable retirement. Many Americans consider $1 …

usatoday.com

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The Best And Worst U.S. States For Retirement: Ranking

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18 hours ago · While other lists have labeled Florida the best place to retire, Seniorly ranked the Sunshine State No. 18 because the state's Medicaid program spends $542 per senior on long …

entrepreneur.com

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How Far $1 Million In Retirement Savings Plus Social

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16 hours ago · A retirement nest egg of $1 million would be completely drained in less than 20 years in three states: Massachusetts (19 years), California (16 years) and Hawaii (12 years). …

gobankingrates.com

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How Far $1 Million In Retirement Savings Plus Social Security Goes …

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4 hours ago · A retirement nest egg of $1 million would be completely drained in less than 20 years in three states: Massachusetts (19 years), California (16 years) and Hawaii (12 years).

yahoo.com

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The Minimum Savings You Need To Retire In All 50 States

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Oct 26, 2024 · The median retirement savings for those ages 54-64 is $185,000 and the average balance is $538,00) and for those aged 65-74 the median retirement savings is $200,000 and …

kiplinger.com

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You Need More Than $1 Million To Retire In Parts Of The US: Report

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Jan 15, 2024 · In one state, Hawaii, the minimum retirement savings was even higher at more than $2 million, GOBankingRates determined. ... to support a 25-year retirement. It was the …

thehill.com

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Average Retirement Savings By State: Highest And Lowest …

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Apr 5, 2024 · Connecticut: average retirement savings of $523,568 New Hampshire: $494,562 New Jersey: $489,664 Alaska: $489,070 Virginia: $468,579 Alaska is the only Western state …

cnbc.com

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$1M In Retirement Savings Is A Stretch In These Blue States, Report ...

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Jan 4, 2024 · The best and worst states to retire with $1M in savings 'FOX & Friends' hosts discuss the best and worst states for retirement and which states were the most popular …

foxbusiness.com

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The Average Retirement Savings In Every State - Yahoo Finance

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Apr 30, 2024 · Here are some other highlights from the research done by Personal Capital: The wealthiest state for average retirement savings is Connecticut, at $545,754, with Alaska and …

yahoo.com

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Retirement Living Costs: These 6 States Will Drain Your Savings …

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1 day ago · State and local governments collect about $2,100 per person for property taxes. The state sales tax is 7.25% (the highest among the states mentioned here), and the combined …

investopedia.com

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16 States Where You’ll Need At Least $1 Million To Retire - Yahoo …

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Oct 10, 2024 · Retirement may be a time to take it easy, but only if you have enough money to do so comfortably. According to a recent Charles Schwab survey, Americans think they'll need …

yahoo.com

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7 States Where You May Outlive $1 Million Retirement Savings

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Sep 23, 2024 · A million dollars in retirement savings can seem like a lot of money, but these dollars won't stretch equally around the country. What's more, only 32% of Americans who …

gobankingrates.com

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7 States Where You May Outlive $1 Million Retirement Savings

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Sep 23, 2024 · A million dollars in retirement savings can seem like a lot of money, but these dollars won't stretch equally around the country. What's more, only 32% of Americans who …

yahoo.com

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Savings Gap: Who Is Saving The Most And Who Needs To Catch Up?

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Jan 3, 2025 · Mississippi has the lowest savings participation rate, as only 59.6% of households have a savings account. In contrast, Utah has the highest percentage of households with …

usnews.com

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How Long $1 Million In Retirement Funds Lasts In Each State

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May 12, 2018 · Indeed, in Hawaii, where annual expenses run more than $76,000, a $1 million retirement portfolio will only last about 13 years. No doubt, there are many details that …

money.com

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Retirees With $1 Million In Savings Could Run Out Of Money Faster In ...

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Jul 14, 2024 · New Yorkers, for instance, are expected to go through that $1 million amount in 13 years, eight months and one day. The District of Columbia fared even worse, with the money …

foxbusiness.com

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Top 10 US States Where $1 Million In Retirement Savings Lasts …

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Feb 28, 2023 · The Federal Reserve's latest data shows that retirement-age Americans had a median of just $164,00 in their retirement accounts in 2019. And in some US states, $1 million …

businessinsider.com

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Retirement Savings: These Are The Only States Where $1.8 Million …

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A retirement savings of $1.8 million will last you just under 30 years in Oregon. This is mainly due to high annual housing expenditures of $8,351.15. Washington

yahoo.com

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'I Reaped Financial Rewards': I'm 51. My Wife Is 60. I Have $4 Million ...

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3 days ago · Taking a blunt pencil and paper to your $3.9 million retirement fund, including your cash and IRAS in one bucket, you would be able to withdraw 4% a year for the next 30 years, …

morningstar.com

FAQs about How much money you need to retire in every U.S. state—it's more … Coupon?

Which states have the longest retirement funds?

With just $1 million to spend, retirement funds will last the longest in Mississippi, Oklahoma, Kansas, Alabama, Iowa, Georgia, Indiana, Tennessee and Arkansas, for more than 21 years, according to a new analysis by GOBankingRates using data from the U.S. Bureau of Labor Statistics and Missouri Economic Research and Information Center. ...

Which state has the most retirement savings?

The wealthiest state in terms of average retirement savings is Connecticut, at $545,754, with Alaska and Vermont following closely at $503,822 and $494,569, respectively. North Dakota’s average retirement savings of $319,609 are the lowest in the country. Average retirement savings, not surprisingly, rise with age. ...

How long will $1 million in retirement savings last in New York?

That amount of savings will last around 14 years in New York, it said. But retiring in the right location can make the same amount last more than twice as long, the report found. Here are the top 10 states in the US where $1 million in retirement savings will last you the longest. ...

How long will a $1 million savings last a retiree?

A new analysis by GoBankingRates compared how long those savings will last a retiree in each state. The longest that $1 million can last in savings is around 22 years and 8 months, the analysis said. More Americans now expect they need at least $1 million to retire safely — and that's on the low side of estimates. ...

Which states have the highest retirement balances?

According to a 2020 Statista report, these five states with the highest retirement balances also share some of the highest ratio of millionaire households per capita in the country, which undoubtedly helps boost the overall average of their retirement savings. New Jersey ranks the highest with 9.76% of households holding over $1 million in assets. ...

Which states have the cheapest retirement funds?

Murray added that housing, healthcare and grocery costs in Midwestern and Southern states are "all low" compared to other parts of America. According to a new GOBankingRates study, Hawaii, Massachusetts and California rank as the top three states where $1 million in retirement funds will last the least amount of time. ...