Map Shows Where Retirement Savings Stretch Furthest in America
Summary
A new study shows that retirement savings last longer in some U.S. states than others, with retirees in Alaska, Maryland, and Virginia projected to keep the most money by age 79. This difference is mostly due to variations in retirement income, not the cost of living in each state.Key Facts
- Retirees in Alaska are expected to have $286,000 left at age 79, the highest amount among all states.
- Indiana has the lowest projected remaining retirement savings at age 79, with $84,747.
- The study assumes retirees spend $524,682 over 13 years after age 67.
- Average annual retirement income nationwide is about $27,600, but it varies by state.
- States with higher retirement incomes tend to have higher remaining savings despite often higher living costs.
- U.S. life expectancy reached 79 years in 2024, making retirement savings last longer.
- The differences in remaining savings are mostly due to income levels and tax policies, not cost of living.
- Some states with lower incomes may offer a lower cost of living, which the study did not fully account for.
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