Here’s How Much You Need To Retire Comfortably In Every State
Do you plan to retire soon? The state you choose to call home may be something to consider as you prepare.
The cost of living can vary considerably, with some states significantly less expensive than even their immediate neighbors.
How does your state measure up?
GOBankingRates recently released it’s annual report looking at retirement costs in all 50 states and the District of Columbia
As a side note, Social Security payouts, potential pension income, or interest earned on savings are not included in the total amounts provided. Here are the average costs to retire comfortably in every state:
– Total expenditures: $42,953 – 20% comfort buffer: $10,738 – Cost of a comfortable retirement annually: $53,691
– Total expenditures: $43,866 – 20% comfort buffer: $10,966 – Cost of a comfortable retirement annually: $54,832
Swipe up for more information about what it takes to retire in each state.