How long $1 million in retirement savings lasts in every state

Jan 1, 2024 · If you manage to save $1 million for retirement and plan to spend your post-work years in the U.S., here's how long that would last in every state.

$1
OFF

How Long $1 Million In Retirement Savings Lasts In Every State

2 weeks from now

Jan 1, 2024 · If you manage to save $1 million for retirement and plan to spend your post-work years in the U.S., here's how long that would last in every state.

cnbc.com

$1
OFF

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

2 weeks from now

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

$1
OFF

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

2 weeks from now

Jan 4, 2024 · Find the top and bottom 10 states’ rankings below to see how far $1 million in retirement savings will take you: States where $1 million lasts the longest Mississippi: 22 …

foxbusiness.com

$1
OFF

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

2 weeks from now

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

$1
OFF

$1 Million In Retirement Savings Lasts Longest In These 10 States ...

2 weeks from now

Dec 29, 2022 · Many Gen Zers & millennials believe they need at least $1 million to retire comfortably per CNBC Make It's survey. That amount will go farthest in these states.

cnbc.com

$1
OFF

States Where $1 Million Retirement Savings Runs Out Fastest

2 weeks from now

Dec 17, 2022 · If your goal is to retire on $1 million, that amount may not be enough to cover your retirement living expenses in some states per GoBankingRates' analysis.

cnbc.com

$1
OFF

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

2 weeks from now

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

$185858
OFF

Here's Where Retirement Savings Last The Longest In The U.S ...

2 weeks from now

The average 401(k) balance for Americans aged 65-70 is $185,858, per Empower, but even those who end up with a $1 million-plus retirement cushion have to consider how long the money will …

entrepreneur.com

$1
OFF

12 States Where $1M Goes Fastest In Retirement - ThinkAdvisor

2 weeks from now

Jan 3, 2023 · Related: 12 States Where $1M Will Last Longest in Retirement Many retirement specialists consider $1 million in savings the minimum Americans need to live comfortably in …

thinkadvisor.com

$1
OFF

Here's How Long $1 Million In Retirement Savings Will Last In Your …

2 weeks from now

Aug 6, 2018 · Here are the five best states for retirees with $1 million in savings: Mississippi ($1 million lasts 25 years, 11 months, 30 days) Oklahoma (24 years, 8 months, 24 days)

foxbusiness.com

$1
OFF

$1 Million In Savings Can Last Retirees A While Depending On Location

2 weeks from now

Jul 18, 2024 · In the nation’s capital, retirees can expect to see $1 million in savings go in 11 years, 10 months, and 25 days. This estimate aligns closely with the state of Massachusetts.

blackenterprise.com

$1
OFF

The 11 States Where $1 Million Lasts Retirees At Least 24 Years

2 weeks from now

May 17, 2018 · HowMuch.net found that a savings of $1 million would last you anywhere from 13 years to 25.5 years in retirement, depending on the state in which you spend your golden years.

yahoo.com

$1
OFF

Here's How Long $1 Million In Retirement Savings Will Last In 50 …

2 weeks from now

Apr 5, 2024 · Best Banks By State. Best Neobanks. SWITCH TO A TOP-RATED BANK. ... where you won’t make it 11 years on $1 million in retirement. There is a higher percentage of older …

gobankingrates.com

$1
OFF

Here's How Long $1 Million In Retirement Savings Will Last In …

2 weeks from now

Aug 25, 2017 · GOBankingRates, a personal finance website, pegged Mississippi at the top of the list: In that state, $1 million could cover the needs of the average retiree for 23 years, 2 months …

huffpost.com

$1
OFF

How Long Does $1 Million Last In Retirement Across Various …

2 weeks from now

Jul 11, 2024 · With annual expenses of $73,140, including $20,695 for housing, $1 million lasts just over 13 years. West Virginia: 20 Years, 3 Months, 19 Days image credit: Wirestock …

spotlightfeature.com

$1
OFF

Here’s How Long $1 Million Will Last In Retirement In All 50 States

2 weeks from now

Aug 9, 2018 · Best Checking Accounts; Best Savings Accounts; Buy a New Car; Buy a Used Car; Certificate of Deposit (CD) ... $1 million will last: 17 years, 10 months, 13 days; 41. New …

clark.com

$1
OFF

5 Southern States Where $1 Million In Retirement Savings Lasts

2 weeks from now

In the most expensive state -- Hawaii -- a $1 million nest egg would last less than 10 years. On the flip side, in the states where $1 million lasts the longest, $1 million will last over 19 years ...

msn.com

75%
OFF

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

2 weeks from now

18 hours ago · New Jersey stood out as the worst-ranked state overall for retirement because of its lack of affordability, high cost of living, and 10.75% maximum income tax rate.

entrepreneur.com

$2.21
OFF

How Much Money Do You Need To Retire In The US? State-by-state ...

2 weeks from now

Jan 7, 2025 · For instance, Hawaii stands out as the most expensive state for retirement, with a total savings requirement of around $2.21 million for a 65-year-old retiree to cover essential …

invezz.com

FAQs about How long $1 million in retirement savings lasts in every state 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. ...

How long will a $1 million in retirement savings last?

Retirement can last 25 years or more after you stop working, according to Fidelity Investments. But in a few states, $1 million in savings likely won’t last that long, according to recent data from personal finance site GOBankingRates. In Hawaii, $1 million in retirement savings would only cover your living expenses for it about 10 years. ...

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. ...

Is $1 million enough for retirement?

As it turns out, $1 million may not be enough to sustain you through retirement in certain states. Retirement can last 25 years or more after you stop working, according to Fidelity Investments. But in a few states, $1 million in savings likely won’t last that long, according to recent data from personal finance site GOBankingRates. ...

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. ...

What is the most expensive state for retirement?

For instance, Hawaii stands out as the most expensive state for retirement, with a total savings requirement of around $2.21 million for a 65-year-old retiree to cover essential living expenses such as housing, groceries, healthcare, utilities, and transportation for the next 25 years. ...