Map: Where $100,000 in retirement savings will last the longest

Johnboy60

Looking For Interesting News.
Dec 28, 2003
15,455
3,130
Tennessee
✟306,929.00
Country
United States
Faith
Baptist
Marital Status
Single
Politics
US-Others
If you’re behind on saving for retirement, moving to a cheaper state is one way to stretch your nest egg as far as it can go.

Your retirement dollars will last the longest in Mississippi, according to a recent study by personal finance site GOBankingRates. There, you can expect to live off $100,000 for 946 days, or just over two and a half years. That’s more than the national average of 780 days.

Map: Where $100,000 in retirement savings will last the longest
 

essentialsaltes

Stranger in a Strange Land
Oct 17, 2011
33,109
36,452
Los Angeles Area
✟827,116.00
Country
United States
Faith
Atheist
Marital Status
Legal Union (Other)
Save you a click, unless you want to read the boring words.

I'm a little surprised HI tops out at 'worst'. It didn't seem so expensive when I was there. Then again, I come from #49.

e17d2a80-3c78-11ea-8f7b-6efc3858d70c
 
  • Informative
Reactions: Johnboy60
Upvote 0

Ricky M

Well-Known Member
Site Supporter
Apr 19, 2017
1,905
1,319
66
Los Angeles
✟130,544.00
Country
United States
Faith
Non-Denom
Marital Status
Married
Politics
US-Others
When you move to a new state, you have to buy health insurance for that state. And what you previously paid towards the deductible doesn't roll over.

So if your family deductible is $15,000, it becomes $30k when you move.

Takes a big chunk out of that 100K you started with.
 
Upvote 0

Speedwell

Well-Known Member
May 11, 2016
23,928
17,625
81
St Charles, IL
✟347,270.00
Country
United States
Faith
Other Religion
Marital Status
Married
When you move to a new state, you have to buy health insurance for that state. And what you previously paid towards the deductible doesn't roll over.

So if your family deductible is $15,000, it becomes $30k when you move.

Takes a big chunk out of that 100K you started with.
Yeah, but this is about retirees, who carry their medicare with them.
 
Upvote 0