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

Brian Anderson

Editor-in-Chief at 401(k) Specialist | banderson@401kspecialist.com |  + postsBio ⮌

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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