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Alaska. Annual cost of a comfortable retirement: $87,697. Retirement savings needed at 60: $1,753,947. Retirement savings needed at 70: $876,973. Read: 6 Frugal Living Tips Retirees Should Avoid ...
Alabama. Total expenditures: $50,995 20% comfort buffer: $12,749 Cost of a comfortable retirement annually: $63,744 Read More: Retirement Savings: 4 Expenses Retirees Regret Keeping in Their ...
Hawaii Total expenditures: $74,461 20% comfort buffer: $18,615 Cost of a comfortable retirement annually: $93,076
With cost of living expenses in the Peach State notably lower than the national average, retirees could set up an adequate financial life here. Lightguard / Getty Images/iStockphoto 38.
Visualisation of Numbeo's 2023 cost of living index by country. The cost of living is the cost of maintaining a certain standard of living for an individual or a household. Changes in the cost of living over time can be measured in a cost-of-living index. Cost of living calculations are also used to compare the cost of maintaining a certain ...
Consider the average retirement age in each state and your life expectancy, and you’re looking at a sizable amount of money needed to cover your retirement years. As you think about moving or ...
MoneyRates evaluated the country’s best states for retirees for the 10th year in a row, using 10 data sets across four major categories: economic factors (cost of living, property taxes, and ...
To find how the cost of retirement has changed over the past decade in every state, GOBankingRates utilized the cost-of-living indexes for each state for 2023 and 2013, as sourced from the ...