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Alabama. Total expenditures: $50,980 20% comfort buffer: $10,196 Cost of a comfortable retirement annually: $61,176 Read More: Retirement Savings — 4 Expenses Retirees Regret Keeping in Their ...
The overall cost of living is just about 3% above the national average, per the World Population Review. Housing costs, which can take a good chunk of retirement income, are about 10% higher than ...
Wyoming. Annual cost of a comfortable retirement: $61,127. retirement savings needed at 60: $1,222,532. Retirement savings needed at 70: $611,266 John Csiszar contributed to the reporting for this ...
The difference in housing costs from state to state is especially important. The Bureau of Economic Analysis has calculated that the regional price parity of U.S. states ranges from 84.4 in Mississippi (the cheapest state in which to live) to Hawaii at 119.3 (the most expensive state).
Total cost of living comfortably for 30 years: $6,558,644 Methodology: For this study, GOBankingRates analyzed the 401(k) contributions to find the value of a 401(k) after maximum contributions ...
West Virginia. Monthly change: $155 Annual change: $1,857 Percent change: 9.3% Trending Now: Florida’s Retirees Are Fleeing: Experts Predict These 5 States Will Be Top Retirement Spots in 10 ...
What stands between most people and retirement is having enough money to afford it. While many people love the idea of an early retirement, say in their 40s or 50s, that goal isn't very likely in ...
Even small differences in living costs add up over 20 to 30 years of retirement. That’s why you may need to save six figures or more to retire in Virginia over another nearby state.
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