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To find how much money a retired person would need to save, we divided each state’s annual expenditures, minus the annual Social Security income as sourced from the Social Security ...
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 ...
Methodology: To determine the most realistic retirement age in every state, GOBankingRates first found income by age and state from the 2021 median income by age, according to the 2021 current ...
West Virginia. Household median income: $55,217 Mortgage monthly average cost: $1,000.38 Expenditure monthly average cost: $1,821.93 Total cost of living monthly: $2,822.31 Comfortable cost of ...
Fidelity is one investment firm making that recommendation, based on the assumption that Americans begin saving for retirement at age 25 and save an average of 15% of their income each year.
Methodology: GOBankingRates looked at the average retirement age in every state, as reported by Money Talk News on Sep. 29, 2019, using data from the U.S. Census Bureau’s latest American ...
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