According to the criteria of
And, according to their finding, while in some places people can survive with a small savings fund, in others, not even US$2,000,000 will be enough to live peacefully. In detail, this is the amount needed annually to live comfortably in each of the 50 states:
- Alabama US$61,176
- Alaska US$86,868
- Arizona US$76,730
- Arkansas US$61,454
- California US$100,687
- Colorado US$70,689
- Connecticut US$78,605
- Delaware US$70,064
- Florida US$71,592
- Georgia US$63,398
- Hawaii US$129,296
- Idaho US$70,203
- Illinois US$64,787
- Indiana US$62,704
- Iowa US$62,565
- Kansas US$60,620
- Kentucky US$64,301
- Louisiana US$63,954
- Maine US$77,286
- Maryland US$80,688
- Massachusetts US$100,201
- Michigan US$63,745
- Minnesota US$65,828
- Mississippi US$61,315
- Missouri US$61,454
- Montana US$65,689
- Nebraska US$64,856
- Nevada US$71,314
- New Hampshire US$78,883
- New Jersey US$78,952
- New Mexico US$64,995
- New York US$85,480
- North Carolina US$68,398
- North Dakota US$64,440
- Ohio US$65,273
- Oklahoma US$59,995
- Oregon US$79,230
- Pennsylvania US$66,384
- Rhode Island US$78,744
- South Carolina US$67,773
- South Dakota US$64,856
- Tennessee US$62,704
- Texas US$64,162
- Utah US$71,453
- Vermont US$79,647
- Virginia US$70,342
- Washington US$79,925
- West Virginia US$58,190
- Wisconsin US$67,356
- Wyoming US$66,037
How to determine the appropriate retirement to live comfortably?
The conclusion regarding the amount needed to live comfortably after retirement in the United States, according to GoBankingRatesis based on five factors analyzed in all 50 states
The study included: individual spending on food, medical care, housing, public services and transportation. Thus, they calculated the annual retirement income necessary to cover these expenses, adding 20 percent for greater freedom and comfort.
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