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This Is How Long Your Retirement Money Will Last in Your State, Data Shows

Here's how long $500,000 in savings will last in your state.

According to some financial experts, in order to retire comfortably in the United States, a person needs to have about $1 million dollars in savings. And while of course that figure can vary from state to state, no matter where you live, saving $1 million is just not an achievable goal for many U.S. adults. That's why the wealth planning experts at GOBankingRates took it upon themselves to paint a more realistic picture of retirement. Starting with a nest egg of $500,000, the site analyzed the spending data—including groceries, housing, utilities, transportation, and health care—for people ages 65 and older in all 50 states. Read on to discover how long $500,00 in retirement money will last in your state.

RELATED: This Is How Much Money You Need to Retire in Your State, According to Data.

1
Alabama

Drone Aerial View of Downtown Mobile Alabama AL Skyline
iStock

How long $500,000 will last: 11 years, 7 months, and 25 days

2
Alaska

photo taken by a drone of the downtown area of Sitka, Alaska
Shutterstock

How long $500,000 will last: 8 years, 1 month, and 27 days

3
Arizona

cityscape photo of downtown Scottsdale, Arizona at night
iStock

How long $500,000 will last: 10 years, 3 months, and 4 days

4
Arkansas

Hot Springs, Arkansas, USA town skyline from above at dawn.
iStock

How long $500,000 will last: 11 years, 9months, and 18 days

5
California

cityscape photo of Riverside, California at sunset
iStock

How long $500,000 will last: 7 years, 3 months and 19 days

RELATED: This Is the Best State to Retire to in America.

6
Colorado

Denver Colorado skyscrapers snowy Longs Peak Rocky Mountains summer
iStock

How long $500,000 will last: 9 years, 11 months, and 19 days

7
Connecticut

fairfield ave, a street in downtown bridgeport, connecticut
Wendell Guy / Shutterstock

How long $500,000 will last: 8 years, 5 months, and 12 days

8
Delaware

the Christina River and Brandywine Creek in downtown Wilmington, Delaware
iStock

How long $500,000 will last: 9 years, 7 months, and 24 days

9
Florida

boat in water, cape coral, florida, canal, palm trees
mginley / Shutterstock

How long $500,000 will last: 10 years, 4 months, and 29 days

RELATED: This Is the Average Retirement Age in Your State, According to Data.

10
Georgia

historic district, savannah, Georgia, skyline
f11photo / Shutterstock

How long $500,000 will last: 11 years, 7 months, and 3 days

11
Hawaii

An aerial photo of Waikiki Beach and downtown Honolulu, Hawaii with Diamond Head in the background
iStock

How long $500,000 will last: 5 years, 2 months, and 24 days

12
Idaho

beautiful overview of the lake and city of coeur d' alene
Shutterstock

How long $500,000 will last: 11 years and 25 days

13
Illinois

the naperville illinois riverwalk
Shutterstock

How long $500,000 will last: 10 years, 11 months, and 8 days

14
Indiana

cityscape photo of Indianapolis, Indiana at night
Shutterstock

How long $500,000 will last: 11 years, 6 months, and 26 days

15
Iowa

rural iowa, hot air balloon
Michael Rolands/Shutterstock

How long $500,000 will last: 11 years, 4months and 18 days

16
Kansas

springtime view in downtown Topeka, Kansas, USA
iStock

How long $500,000 will last: 11 years, 11 months, and 20 days

17
Kentucky

frankfort kentucky state capitol buildings
iStock

How long $500,000 will last: 11 years, 1 month, and 5 days

18
Louisiana

cityscape photos of bars and restaurants on Bourbon Street in New Orleans, Louisiana at twilight
Sean Pavone / Shutterstock

How long $500,000 will last: 11 years, 1 month, and 23 days

19
Maine

tall buildings and houses in downtown Portland, Maine at dusk
Shutterstock

How long $500,000 will last: 8 years, 11 months, and 11 days

20
Maryland

the Baltimore skyline and Inner Harbor Promenade in Baltimore, Maryland
Shutterstock

How long $500,000 will last: 8 years, 2 months, and 2 days

21
Massachusetts

Autumn fog in the village of Tyringham in the Berkshires region of Massachusetts
DenisTangneyJr / iStock

How long $500,000 will last: 7 years, 11 months, and 31 days

22
Michigan

detroit skyline
iStock

How long $500,000 will last: 11 years, 5 months, and 20 days

23
Minnesota

Minnesota
Shutterstock

How long $500,000 will last: 10 years, 3 months, and 26 days

24
Mississippi

cityscape photos of a traffic on a street next to the Biloxi Lighthouse in Biloxi, Mississippi at night
Shutterstock

How long $500,000 will last: 12 years, 3 months and 18 days

25
Missouri

Shutterstock

How long $500,000 will last: $725,261

26
Montana

billings montana
iStock

How long $500,000 will last: 10 years, 5 months, and 16 days

27
Nebraska

Downtown Omaha Nebraska Drone Photo
iStock

How long $500,000 will last: 11 years, 2 months, and 6 days

28
Nevada

hotels and casinos in las vegas, nevada
Sean Pavone / Shutterstock

How long $500,000 will last: 9 years, 6 months, and 19 days

29
New Hampshire

Lake Sunapee is located within Sullivan County and Merrimack County in western New Hampshire, the United States. It is the fifth-largest lake located entirely in New Hampshire.
DenisTangneyJr / iStock

How long $500,000 will last: 9 years, 7 months, and 2 days

30
New Jersey

Aerial view of Edgewater and Fairview, New Jersey
Thierry GRUN – Aero / Alamy

How long $500,000 will last: 8 years, 10 months, and 23 days

31
New Mexico

Santa Fe, New Mexico, USA streets at dusk.
iStock

How long $500,000 will last:11 years, 7 months, and 21 days

32
New York

Poughkeepsie, New York skyline
Shutterstock

How long $500,000 will last: 7 years, 1 month, and 1 day

33
North Carolina

North Carolina
Shutterstock

How long $500,000 will last: 10 years, 9 months, and 26 days

34
North Dakota

cityscape photo of downtown Grand Forks, North Dakota
iStock

How long $500,000 will last: 10 years, 9 months, and 7 days

35
Ohio

cityscape photo of Roebling Suspension Bridge in and skyline of Cincinnati, Ohio
iStock

How long $500,000 will last: 11 years, 3 months, and 8 days

36
Oklahoma

quanah parker dam, wichita refuge, oklahoma
YuniqueB / Shutterstock

How long $500,000 will last: 11 years, 11 months, and 1 day

37
Oregon

Eugene, Oregon, USA downtown cityscape at dusk.
iStock

How long $500,000 will last: 7 years, 9 months, and 7 days

38
Pennsylvania

harrisburg pennsylvania
Shutterstock

How long $500,000 will last: 9 years, 11 months, and 26 days

39
Rhode Island

A view of downtown Providence, Rhode Island on a sunny day.
iStock

How long $500,000 will last: 8 years, 8 months, and 8 days

40
South Carolina

cityscape photo of Myrtle Beach, South Carolina
Rob Hainer/Shutterstock

How long $500,000 will last: 10 years, 10 months, and 2 days

41
South Dakota

A view of Rapid City, South Dakota at night, with a park in the foreground.
iStock

How long $500,000 will last: 10 years, 4 months, and 29 days

42
Tennessee

skyline in downtown tennessee, nashville, river, boat
Von ESB Professional / Shutterstock

How long $500,000 will last: 11 years, 7 months, and 3 days

43
Texas

cityscape photo of San Antonio, Texas at dusk
Shutterstock

How long $500,000 will last: 11 years, 3 months, and 19 days

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44
Utah

street in park city utah
Shutterstock

How long $500,000 will last: 10 years, 7 months, and 13 days

45
Vermont

Church Street in Burlington, Vermont in the afternoon
Shutterstock

How long $500,000 will last: 8 years, 11 months, and 4 days

46
Virginia

ocean front and buildings in downtown Virginia Beach, Virginia at dusk
iStock

How long $500,000 will last: 10 years, 2 months, and 28 days

47
Washington

Seattle, Washington
Shutterstock

How long $500,000 will last: 9 years, 2 months, and 13 days

48
West Virginia

buildings and church in the town of Harper's Ferry, West Virginia
Shutterstock

How long $500,000 will last: 11 years, 2 months, and 17 days

49
Wisconsin

cityscape photo of downtown Madison, Wisconsin
iStock

How long $500,000 will last: 10 years, 9 months, and 26 days

50
Wyoming

sheridan wyoming
Shutterstock

How long $500,000 will last: 11 years and 7 days

RELATED: This Is How Much Money Makes You Rich in Your State, According to Data.

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