How much does it last for 1.5 million dollars in every US state

North-Western interactions consider a “magic number” for about $ 1.5 million for retirement savings for retirement savings 4.588 American inquiry. But how much money you last, it depends on where you live.

In addition to social security payments, $ 1.5 million, in Hawaii for only 17 years, it is likely to retire for someone who is likely to leave the workforce in 65 New Gobankingrates Analysis. On the contrary, retirees in West Virginia can lead to the same amount of 54 years – to extend any state for the longest period.

‘2023 Consumer Expenditure Research, based on the information based on the Bureau of Labor Statistics, this is how substantiations are based on the basis such as groceries, housing, utilities, transport and health services every year. The information was later regulated for each state using the Missouri Economic Research and Information Center’s residential expense index.

In more than the naked minimum necessary to live, the information is aimed at presenting the information in the country in the country.

Not surprisingly, the highest housing expenses, including California, New York and Massachusetts, are among the most expensive places to retire.

Although the difference in the average annual housing expenses is a smaller part of the people’s budget, it can vary between similar distribution with utilities and medical care costs.

According to Gobankingings, a look at the average of $ 1.5 million, a look at how long it will last.

Want to make a little extra money on the side? Take CNBC’s new online course How to start the side haste Learn tips for strategies for success from other and the best side of the rush specialists. Sign up today and use Earlybirde for an introduction discount at $ 97 (+ Taxes and Rights) on April 1, 2025.

Plus Sign up for CNBC Make a newsletter Here, get tricks and tricks for money and success in life.