Most Expensive Metros to Retire

1. San Francisco: A retiree in San Francisco needs a nest egg of $1,365,870 on average—the highest total across the U.S. High housing costs in San Francisco are often attributed to strict development regulations and scarce land. That’s resulted in limited supply in a city with high demand. Add that it’s close to Silicon Valley, with high salaries that can drive up prices, and it’s no wonder San Francisco is a pricey place to live and retire. The average annual spend for a retiree here is pegged at $64,545.

2. New York City: The Lending Tree study found a retiree in New York City needs a nest egg of $1,315,587 to retire comfortably, with an average annual spend of $63,501.

3. San Diego: A nest egg of $1,298,796 is needed with an average annual spend of $62,346.

4. Honolulu, HI: A nest egg of $1,288,763 is needed with an average annual spend of $62,566.

5. San Jose, CA: A nest egg of $1,276,997 is needed with an average annual spend of $61,631.

6. Los Angeles: A nest egg of $1,273,643 is needed with an average annual spend of $61,522.

7. Napa, CA: A nest egg of $1,265,259 is needed with an average annual spend of $61,247.

8. Oxnard, CA: A nest egg of $1,265,259 is needed with an average annual spend of $61,247.

9. Miami, FL: A nest egg of $1,259,300 is needed with an average annual spend of $60,477.

10. Poughkeepsie, NY: A nest egg of $1,255,220 is needed with an average annual spend of $61,346.

States besides California with metros that make top 20 appearances include New York, Hawaii, Florida, the District of Columbia, Colorado and Washington. The only metro primarily in a landlocked state in the top 20 is Denver, where you’ll likely need a nest egg of $1,243,532 to retire.

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