10 Most Expensive States for Retiring at 50
The GOBankingRates research found Hawaii, California and Massachusetts all require more than $2M in savings, if you want to retire at 50 and be retired for 30 years. For 40 years of retirement, you’ll need more than $3M.
50. Hawaii
• $3,207,130 needed to live to 80 with Social Security
• $4,266,840 needed to live to 90 with Social Security
49. California
• $2,709,302 needed to live to 80 with Social Security
• $3,603,070 needed to live to 90 with Social Security
48. Massachusetts
• $2,367,092 needed to live to 80 with Social Security
• $3,146,791 needed to live to 90 with Social Security
47. Washington
• $2,254,421 needed to live to 80 with Social Security
• $2,996,562 needed to live to 90 with Social Security
46. Colorado
• $2,042,179 needed to live to 80 with Social Security
• $2,713,573 needed to live to 90 with Social Security
45. New Jersey
• $2,025,698 needed to live to 80 with Social Security
• $2,691,599 needed to live to 90 with Social Security
44. New Hampshire
• $2,011,601 needed to live to 80 with Social Security
• $2,672,803 needed to live to 90 with Social Security
43. Oregon
• $1,990,732 needed to live to 80 with Social Security
• $2,644,977 needed to live to 90 with Social Security
42. Utah
• $1,955,239 needed to live to 80 with Social Security
• $2,597,653 needed to live to 90 with Social Security
41. Alaska
• $1,913,507 needed to live to 80 with Social Security
• $2,542,010 needed to live to 90 with Social Security
SEE ALSO:
• 10 Best, Worst States for Retirement 2024
• 10 Most Expensive U.S. Retirement Communities
• 10 U.S. Cities with the Highest Retirement Income
• Most Expensive Cities to Retire: Where $1 Million Isn’t Enough (And Where it Is)
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.