How Long $1 Million in Retirement Lasts in All 50 States

If you had a MILLION BUCKS in the bank, how many years could you ride it out without ever working again? A new report looked at cost-of-living, housing, healthcare, and a bunch of other stats.  And it ranked all 50 states according to how long it would take to burn through a million bucks if you retired there. The cheapest state to retire in is Mississippi, where $1 million could last over 23 years.  And the most expensive state is Hawaii, where you could only make it about a decade.

The 10 states where $1 million goes the farthest are:  Mississippi . . . Oklahoma . . . Arkansas . . . New Mexico . . . Kansas . . . Missouri . . . Tennessee . . . Alabama . . . Georgia . . . and Michigan.  They’re all between 21 and 23 years.

 

 

The states where you’d burn through it the fastest are:  Hawaii, 10 years and three months . . . California, just over 14 years . . . New York, 14 years and three months . . . Oregon, 14 years and seven months . . . and Massachusetts, just over 15 years.

Everyone’s favorite retirement state of FLORIDA was in the middle of the pack.  $1 million there would last 20 years, good enough for 26th place.

 

 

Source: gobankingrates.com

 

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

Florida Rep. Wasserman Schultz nearly struck in Pride parade crash that kills at least 1: reports

A pickup truck driver slammed into spectators at a Florida Pride parade on Saturday evening – narrowly missing U.S. Rep. Deborah Wasserman Schultz and leaving at least one person dead, according to reports. At least one other person was seriously injured, reports said.Fort Lauderdale Mayor Dean Trantalis quickly denounced the crash at the Wilton Manors Stonewall Pride…

Bucks edge Nets in OT in Game 7, withstand Durant’s 48

The Milwaukee Bucks withstood Kevin Durant’s NBA-record 48 points in a Game 7, advancing to the Eastern Conference finals by beating the Brooklyn Nets 115-111 in overtime Saturday night.Giannis Antetokounmpo had 40 points and 13 rebounds, and Khris Middleton made the tiebreaking shot with 40 seconds left in the first overtime Game 7 in 15…

Martin, Pulock help Isles top Lightning 3-2 to tie series

Matt Martin capped New York’s three-goal second period, Ryan Pulock made a diving stop in front of an open goal in the closing seconds and the Islanders held on to beat the Tampa Bay Lightning 3-2 Saturday night to even their Stanley Cup semifinal series at two games apiece.Josh Bailey and Mathew Barzal also scored,…

Scroll to Top