When determining the amount of savings required for retirement by state, the World Population Review considered factors including life expectancy, average age of retirement and yearly expenses for someone age 65 and older in each state.
Average savings required for a comfortable retirement by state:
- Hawaii: $1.84 million
- California: $1.46 million
- New York: $1.41 million
- Alaska: $1.34 million
- Oregon: $1.34 million
- Connecticut: $1.25 million
- New Jersey: $1.20 million
- Massachusetts: $1.16 million
- Maryland: $1.11 million
- Maine: $1.09 million
- Washington: $1.09 million
- Vermont: $1.08 million
- Rhode Island: $1.07 million
- Delaware: $1.01 million
- Nevada: $1.01 million
- Arizona: $1.01 million
- Minnesota: $991,075
- Colorado: $977,496
- New Hampshire: $946,850
- Florida: $927,008
- Wisconsin: $924,679
- Virginia: $884,833
- New Mexico: $883,291
- Illinois: $882,770
- Utah: $872,580
- Idaho: $871,620
- North Carolina: $865,499
- Michigan: $864,929
- Pennsylvania: $856,876
- Montana: $839,096
- Wyoming: $824,062
- North Dakota: $823,764
- Iowa: $820,698
- Nebraska: $806,220
- Georgia: $796,984
- West Virginia: $787,357
- Indiana: $784,891
- South Carolina: $784,197
- Louisiana: $776,987
- Ohio: $776,788
- Missouri: $771,281
- Texas: $765,223
- Kentucky: $738,492
- South Dakota: $738,337
- Kansas: $732,681
- Arkansas: $728,010
- Oklahoma: $723,859
- Alabama: $712,832
- Tennessee: $660,870
- Mississippi: $617,661
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