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To pinpoint the average retirement income you would need to live comfortably throughout the U.S., GOBankingRates looked at five factors in all 50 states: an individual’s spending on groceries ...
Note that Washington, D.C., has the highest mean retirement income among retirees at $49,072, though you’d need more than twice that amount — $100,326 — to afford a comfortable retirement.
Alabama. Annual cost of a comfortable retirement: $56,048 Retirement savings needed at 60: $1,120,967 Retirement savings needed at 70: $560,483 Learn More: 8 States To Move to If You Don’t Want ...
Alabama. Total expenditures: $50,980. 20% comfort buffer: $10,196. Cost of a comfortable retirement annually: $61,176. See More: 7 Things You’ll Be Happy You Downgraded in Retirement Read Next ...
Here’s a look at seven states where a comfortable retirement will cost less than $62,000 annually. Also see three states where you’ll need $100,000 per year to retire comfortably .
How much do you need to retire comfortably? It's a question in the mind of every American saving for retirement. Unfortunately, there's not a one-size-fits-all answer. There are several rules of ...
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