![]() ![]() ![]() Take Caution: 14 Key Signs You Will Run Out of Money in Retirement DelawareĬost of a comfortable retirement annually: $68,271Ĭost of a comfortable retirement annually: $68,461Ĭost of a comfortable retirement annually: $68,588Ĭost of a comfortable retirement annually: $68,968Ĭost of a comfortable retirement annually: $71,124Ĭost of a comfortable retirement annually: $73,025Ĭost of a comfortable retirement annually: $73,976 Related: 27 Ugly Truths About Retirement OhioĬost of a comfortable retirement annually: $58,382Ĭost of a comfortable retirement annually: $58,572Ĭost of a comfortable retirement annually: $58,826Ĭost of a comfortable retirement annually: $59,270Ĭost of a comfortable retirement annually: $59,713Ĭost of a comfortable retirement annually: $59,777Ĭost of a comfortable retirement annually: $59,904Ĭost of a comfortable retirement annually: $60,537Ĭost of a comfortable retirement annually: $60,664įind Out: 25 Ways To Maximize Your Retirement Benefits North DakotaĬost of a comfortable retirement annually: $61,171Ĭost of a comfortable retirement annually: $61,425Ĭost of a comfortable retirement annually: $62,883Ĭost of a comfortable retirement annually: $63,200Ĭost of a comfortable retirement annually: $63,453Ĭost of a comfortable retirement annually: $64,151Ĭost of a comfortable retirement annually: $64,277Ĭost of a comfortable retirement annually: $65,418 Read: 50 Things Every 50-Something Should Know About Retirement ArkansasĬost of a comfortable retirement annually: $55,910Ĭost of a comfortable retirement annually: $55,973Ĭost of a comfortable retirement annually: $56,734Ĭost of a comfortable retirement annually: $56,797Ĭost of a comfortable retirement annually: $56,861Ĭost of a comfortable retirement annually: $57,051Ĭost of a comfortable retirement annually: $57,114Ĭost of a comfortable retirement annually: $57,938Ĭost of a comfortable retirement annually: $58,129 It should be noted that the suggested annual savings don’t include Social Security payouts, potential pension income or interest earned on savings.įind out exactly how much you’ll need to retire comfortably in your state.Ĭost of a comfortable retirement annually: $53,691Ĭost of a comfortable retirement annually: $54,832Ĭost of a comfortable retirement annually: $54,959Ĭost of a comfortable retirement annually: $55,276 The states are ranked from least to most expensive. Then, the annual retirement income needed to cover these living expenses was calculated, with an additional 20% to account for the “comfortable” aspect of retirement. ![]() To pinpoint the average retirement income you would need to live comfortably throughout the U.S., GOBankingRates looked at five factors in all 50 states and the District of Columbia: an individual’s spending on groceries, healthcare, housing, utilities and transportation. Your age at retirement also plays a factor. In some places, you can get by on even a small nest egg, while in others, even $2 million won’t be enough. That’s because the cost of living varies from state to state. But the exact dollar amount you need will depend on a variety of factors - especially where you plan to live in retirement. There are several rules of thumb to help you figure out how much to save to retire. Unfortunately, there’s not a one-size-fits-all answer. How much do you need to retire comfortably? It’s a question in the mind of every American saving for retirement. ![]()
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