Retirement can sneak up on you, so it's important to be as prepared as possible and start saving with as much notice as you can. Many don't know the exact figure needed to live comfortably after stopping working full-time. You might think US$1 million is surely enough, but in reality, it depends on where you are.
This list, originally published by GOBankingRates, details the cost of living in all 50 US states and estimates how long a $1 million retirement fund would last. It also considers the impact of Social Security benefits in each state. The calculations include expenses such as groceries, housing, utilities, transportation, healthcare, and other necessities, but do not account for taxes.
Curious to know if a million is enough to set you up for retirement success? Click through now to find out more.
All amounts are in USD.