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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 ...
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 ...
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 .
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 ...
This is a list of U.S. states, territories, and Washington, D.C. by income.Data is given according to the 2023 American Community Survey (ACS) 1-Year Estimates, except for the American Samoa, Guam, the Northern Mariana Islands and the U.S. Virgin Islands, for which the data comes from 2010, as ACS does not operate in these areas.
Hawaii Total expenditures: $74,461 20% comfort buffer: $18,615 Cost of a comfortable retirement annually: $93,076
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