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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 ...
Alabama. Mean retirement income: $28,196. Ranking among 50 states + DC: 36. For You: 7 Things You Must Buy at Costco While on a Retirement Budget Consider This: 16 Best Places To Retire in the US ...
Americans 65 years and older reported a median annual income of $61,830 in 2023, according to the United States Census Bureau. So what else can you do to make sure you have enough money in 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 ...
Wyoming. Annual cost of a comfortable living: $92,488 Cost of 25 years of comfortable retirement with Social Security: $1,186,706 How much you need to save monthly if you start at 25: $2,472 ...
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 ...
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