How Far $1 Million Really Goes in Retirement by State
TL;DR
A GobankingRates analysis for 2026 finds that, based on average retiree expenses, $1 million won’t last 20 years in any U.S. state. The longest-lasting affordable states are Oklahoma and Mississippi at about 19 years, while expensive states like Hawaii, Massachusetts, and California can deplete the funds in roughly 9–12 years. The study’s estimates exclude investment returns and other income, underscoring how cost of living by state drives retirement longevity and suggesting the Southeast or Great Plains may offer more breathing room.
Topics:top-newspersonal-finance#costofliving#milliondollars#personal-finance#retirement#retirementexpenses#statebystate
- $1m is a retirement goal. Here's how long it lasts in every state. USA Today
- The Surprising Number of People Who Reach $1 Million in Retirement Savings Investopedia
- How to Turn a $1 Million Nest Egg Into a Lifetime Income Machine Kiplinger
- Why $1M in your retirement account may only be worth $700K and what to do about it MSN
- Here's How Far $1 Million Will Go in Retirement AOL.com
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