Dreaming of a comfortable retirement? The cost may surprise you. According to a recent GOBankingRates study, you'll need at least $1 million saved to retire in 16 states across the U.S.

Key Findings:

  • Most Expensive States: California, Massachusetts, and Hawaii top the list, with minimum nest eggs ranging from $1.4 million to over $2 million.
  • Most Affordable States: West Virginia, Mississippi, and Oklahoma offer a more budget-friendly retirement, with minimum savings needs under $700,000.
  • Cost of Living Matters: Annual expenses for retirees vary significantly by state, with healthcare, groceries, and utilities being the biggest factors.


How Much Will You Need?



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Try PlanEasy's Retirement Calculator to see what you need to save in order to live your ideal retirement.




Source: https://www.gobankingrates.com/retirement/planning/states-where-youll-need-at-least-1-million-to-retire/