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It also includes Hawaii, the most expensive state of all, which requires more than $3 million in savings for a 20-year comfortable retirement. Specifically, for a comfortable retirement to age 85 ...
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?
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 list of how much residents of each state bring in each year on average, along with how each state (and Washington D.C.) ranks — with No. 1 being the highest average and No. 51 the lowest.
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 ...
Alaska. Annual cost of a comfortable living: $113,674 Cost of 20 years of comfortable retirement: $1,373,083 How much you need to save monthly for 20 years of comfortable retirement (through age 85):
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