10 Cheapest States for Retiring at 50
In more than half of all U.S. states, to retire at 50 you need more than $1.5M to be retired for 30 years and more than $2M to be retired for 40 years. Mississippi is the cheapest state to retire by 50, but you still need more than $1.1M for 30 years and $1.5M for 40 years.
1. Mississippi
• $1,144,014 needed to live to 80 with Social Security
• $1,516,020 needed to live to 90 with Social Security
2. West Virginia
• $1,150,765 needed to live to 80 with Social Security
• $1,525,021 needed to live to 90 with Social Security
3. Arkansas
• $1,195,741 needed to live to 80 with Social Security
• $1,584,989 needed to live to 90 with Social Security
4. Louisiana
• $1,209,426 needed to live to 80 with Social Security
• $1,603,236 needed to live to 90 with Social Security
5. Oklahoma
• $1,220,785 needed to live to 80 with Social Security
• $1,618,381 needed to live to 90 with Social Security
6. Kentucky
• $1,227,978 needed to live to 80 with Social Security
• $1,627,972 needed to live to 90 with Social Security
7. Alabama
• $1,258,915 needed to live to 80 with Social Security
• $1,669,221 needed to live to 90 with Social Security
8. Iowa
• $1,287,886 needed to live to 80 with Social Security
• $1,707,850 needed to live to 90 with Social Security
9. Kansas
• $1,289,612 needed to live to 80 with Social Security
• $1,710,151 needed to live to 90 with Social Security
10. Missouri
• $1,302,087 needed to live to 80 with Social Security
• $1,726,784 needed to live to 90 with Social Security
Next Page: 10 Most Expensive States for Retiring at 50
