$1M in Retirement Savings Lasts 20+ Years in Mississippi

How Far Will a $1 Million Retirement Fund Take You

Not far in Hawaii new study shows

Alexey Klementiev/Stocksy How long will $1 million take you in retirement? That depends on where you live. A million dollars is a common number cited by financial analysts for a , but a new study shows that this amount in a retirement fund goes a lot further in some places. Personal finance news site GoBankingRates.com recently calculated how long $1 million will last the average retiree in all 50 states, using average total expenditures and the . The spread was significant: According to the study, $1 million will run out in less than a dozen years in Hawaii (which has extremely high food and housing costs) but will last more than 26 years in Mississippi (which, not unexpectedly, has exactly the opposite situation). The gap between Hawaii and the second-most-expensive state (California) was large. According to the study, it costs nearly $23,000 per year more to live in Hawaii than in California. The complete list, along with details about each state, is available on .

More on Retirement

Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures

Close In the next 24 hours, you will receive an email to confirm your subscription to receive emails related to AARP volunteering. Once you confirm that subscription, you will regularly receive communications related to AARP volunteering. In the meantime, please feel free to search for ways to make a difference in your community at Javascript must be enabled to use this site. Please enable Javascript in your browser and try again.