Retiring In USA is EXPENSIVE. Better Move to another country to enjoy Retirement [View all]

This article is a clear loud warning, If you want to retire in America
you better be very well off financially to retire in most of the 50 state.

Otherwise, the clear majority of Americans sure need to move to another country to afford to live comfortably and enjoy The Good Life in retirement

———-


https://www.travelandleisure.com/how-much-do-you-need-to-retire-comfortably-in-each-us-state-8785074?

This Is How Much You Need to Retire Comfortably in Each U.S. State — Plus the Most Affordable and Expensive Spots

Looking to retire early? Some states will require more saving than others.

Published on February 10, 2025


Getting to retire is a major accomplishment. It means you've worked hard, invested well, and earned yourself all those golden years to come. But how much, exactly, do you need to have that comfortable retirement we all dream of having? That all depends on where you live.

GoBankingRates released its latest data on how much money people need to save monthly for a comfortable retirement. It reached its conclusion by analyzing data from the U.S. Census American Community Survey, the Missouri Economic and Research Information Center, the Bureau of Labor Statistics Consumer Expenditure Survey, the Zillow Home Value Index, the Federal Reserve Economic Data, and the Social Security Administration.

It then used the retirement age of 65 and the life expectancy of 85, along with a "variety of ages," to calculate savings, including starting saving at ages 20 and 30. The calculations also included the average monthly Social Security benefits at $1,876 for one person.

After crunching all the numbers, GoBankingRates found that you need to have more than $1 million in savings to retire comfortably in 23 states for 20 years. These include California, Massachusetts, Washington, New Jersey, Colorado, New Hampshire, Utah, Oregon, Rhode Island, Alaska, New York, Connecticut, Montana, Idaho, Nevada, Maryland, Arizona, Maine, Vermont, Florida, Virginia, and Delaware.

It also includes Hawaii, the most expensive state of all, which requires more than $3 million in savings for a 20-year comfortable retirement. Specifically, for a comfortable retirement to age 85, you'll need $3,105,384. To reach this, GoBankingRates explained you'd need to "start saving $5,751 a month at age 20 or $7,394 a month at age 30 (with Social Security benefits)."

More