How much money you need to retire comfortably in every U.S. state

Oct 11, 2023 · The amount of money you'll need in retirement varies by as much as $66,000 depending on where you live in the U.S.

CouponFollow Extension

$66000
OFF

How Much Money You Need To Retire Comfortably In Every U.S. State

6 days from now

Oct 11, 2023 · The amount of money you'll need in retirement varies by as much as $66,000 depending on where you live in the U.S.

cnbc.com

$49260.94
OFF

Here’s Exactly How Much Savings You Need To Retire In Your State

6 days from now

West Virginia. Annual cost of living: $49,260.94. Cost of living after using Social Security … Mississippi. Annual cost of living: $50,128.21. Cost of living after using Social Security … Oklahoma. Annual cost of living: $50,186.02. Cost of living after using Social Security … Kansas. Annual cost of living: $50,532.93. Cost of living after using Social Security income: … Alabama. Annual cost of living: $50,995.48. Cost of living after using Social Security … See full list on gobankingrates.com

gobankingrates.com

$2.05
OFF

How Much Money You Need To Retire In Every U.S. State

6 days from now

Jan 15, 2024 · You'd need $2.05 million to cover 25 years of retirement in Hawaii, more than twice the U.S. average.

cnbc.com

$26300
OFF

Retirement: Here's The Costs Of A Comfortable Retirement, By State

6 days from now

Feb 11, 2021 · In every other state in the region, a comfortable retirement costs anywhere from $26,300 to $148,402 more than the national average. Maine is a popular state for retirees.

usatoday.com

$1
OFF

Retirement: How Much You Should Save To Retire Comfortably, By …

6 days from now

Dec 28, 2020 · As a result, for a comfortable retirement in the state, residents would need an average of about $1.4 million in savings, more than in every other state apart from Hawaii and …

usatoday.com

$678095.40
OFF

Here’s Exactly How Much Savings You Need To Retire In Your State

6 days from now

Sep 6, 2024 · How much you need in savings to retire: $678,095.40 Find Out: 2 Things Empty Nesters Should Stop Investing In To Boost Retirement Savings For You: 6 Money Moves You …

yahoo.com

$1
OFF

How Much Do I Need To Retire Comfortably? - The Motley Fool

6 days from now

Sep 17, 2024 · About Us Our Purpose: To make the world smarter, happier, and richer. ... How much money do you need to comfortably retire? $1 million? $2 million? ... The $1,000-a-month …

fool.com

15%
OFF

How Much Money Do You Really Need To Retire Comfortably?

6 days from now

May 24, 2024 · American adults say on average they now need $1.46 million to retire, according to the Northwestern Northwestern Mutual 2024 Planning & Progress Study. That’s 15% higher …

forbes.com

$422897
OFF

How Much More Women Have To Save For Retirement Than Men, …

6 days from now

3 days ago · Women in Hawaii face the largest disparity when it comes to retirement savings, having to put away $422,897 more than men to achieve the $1,350,542 they need to retire …

digg.com

4%
OFF

How Much Do I Need To Save To Retire? - Investopedia

6 days from now

3 days ago · This guideline states that you can determine just how much you will need to save by dividing your desired annual retirement income by 4%. For an income of $80,000, you would …

investopedia.com

100%
OFF

Suze Orman Says You Need To Eliminate 100% Of These Expenses …

6 days from now

19 hours ago · 24/7 Wall St. Insights: Focusing on a dollar figure to save for retirement is putting the cart before the horse as there is a fundamental step you need to take first before deciding …

247wallst.com

$20000
OFF

How Much Do You Need To Retire Comfortably? - FedSmith

6 days from now

3 days ago · $20,000 is what you can consistently take out of your TSP every year and, the odds of you running out of money are very low. Let’s turn this $20,000 per year into a monthly …

fedsmith.com

$140000
OFF

Salary Single Person Needs To Live Comfortably In Major U.S. Cities

6 days from now

Mar 20, 2024 · You'd need to make nearly $140,000 as a single person to afford necessities and retirement contributions, a new study finds.

cnbc.com

$186000
OFF

What's Stopping You From Achieving The American Dream? Money

6 days from now

9 hours ago · The salary Kneeland aspires to would put him right around the $186,000 average that people say they would need to live comfortably, according to one national poll conducted …

morningstar.com

FAQs about How much money you need to retire comfortably in every U.S. state Coupon?

How much money do you need to live in retirement?

But the exact dollar amount you need will depend on a variety of factors — especially where you plan to live in retirement. That’s because the cost of living varies from state to state. In some places, you can get by on even a small nest egg, while in others, even $2 million won’t be enough. Your age at retirement also plays a factor. ...

How much money do you need to retire comfortably?

Taking into account life expectancy and yearly expenses, the average savings required for retirement in the U.S. is $904,452. States in the Northeast and the West require the highest savings, at over $1 million, while states in the South and the Midwest require the lowest savings. ...

How much to save to retire?

Unfortunately, there’s not a one-size-fits-all answer. There are several rules of thumb to help you figure out how much to save to retire. But the exact dollar amount you need will depend on a variety of factors — especially where you plan to live in retirement. That’s because the cost of living varies from state to state. ...

How much does a comfortable retirement cost?

Annual cost of a comfortable retirement: $67,310. John Csiszar contributed to the reporting for this article. Methodology: For this study, GOBankingRates analyzed each state for their cost of living to determine how much someone would need to save to live comfortably in their retirement. ...

How much money does a 65 year old need to retire?

A 65 year old state resident whose life expectancy aligns with the state average is projected to need $918,844 to live out retirement in relative comfort. Nationwide, a retiree will spend about $201,600 more. The relative affordability of a comfortable retirement is due in part to the state's low cost of living. Housing is particularly inexpensive. ...

How much does it cost to retire in California?

On average, a 65 year old will need about $1.4 million for a comfortable retirement, about $271,100 more than what the typical retiree nationwide will need and the second highest retirement cost of all states. The high retirement costs in California are also attributable to the long average life expectancy in the state. ...