10 Most Expensive States for Retiring at 50

Hawaii most expensive state to retire early
Kailua Kona, Hawaii. Image credit: © Mikhail Dudarev | Dreamstime.com

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

New Jersey most expensive state for retiring early
Dover, N.J. Image credit: © Mihai Andritoiu | Dreamstime.com

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)

Brian Anderson Editor
Editor-in-Chief at  | banderson@401kspecialist.com | + posts

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.

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