5 states where $1.5 million lasts shortest
46. Alaska
• How many years $1.5 million will last: 29
• Annual cost of living after Social Security: $50,997
47. New York
• How many years $1.5 million will last: 29
• Annual cost of living after Social Security: $50,997
48. California
• How many years $1.5 million will last: 24
• Annual cost of living after Social Security: $63,795
49. Massachusetts
• How many years $1.5 million will last: 23
• Annual cost of living after Social Security: $65,117
50. Hawaii
• How many years $1.5 million will last: 17
• Annual cost of living after Social Security: $87,770
SEE ALSO:
• 2025’s 3 Best and Worst States for Retirement: WalletHub
• 10 Cheapest and 10 Most Expensive States to Retire Early
• 2025’s Best Places in the World to Retire
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.
