That's because the annual cost of living can vary by over $71,000 between U.S. states, according to a recent GOBankingRates analysis.
Hawaii has the highest average retirement expenses, with an estimated $129,296 a year needed to retire comfortably.
In states where housing is in short supply — like Hawaii, California, Massachusetts — the annual cost of retirement exceeds six figures.
That said, there are 20 states where you can still retire on or under $65,000.
Below is a list of states where annual retirement expenses are $65,000 or less, in alphabetical order.
Persons:
you'll
Organizations:
Labor Statistics
Locations:
Hawaii, West Virginia, Hawaii , California , Massachusetts