Connect with us

Hi, what are you looking for?


Here Is the Exact Amount of Savings You Need to Retire in Your State

According to the National Bureau of Retirement Statistics, the average U.S. household does not save enough to cover the costs of retirement.

Many Americans see themselves continuing to work past the age of 65 out of economic necessity, according to a recent report by the Pew Research Center, and some are planning to never retire. The pandemic has also raised questions about some people’s futures, particularly those who have had to draw on retirement savings during job losses or furloughs.

However, because of the differences in cost of living across the country, the amount of retirement funds you need depends on the region you live in. For example, if you live in Hawaii, a retirement fund of a little more than half a million dollars may be enough for you to retire.

But if you live in other states, you’ll need to save even more in order to reach a retirement fund of at least one and a half million dollars. With the exception of Hawaii, which has a retirement fund of more than two million dollars, all other regions have retirement funds of less than one million dollars.

Make sure you’re saving for retirement with the right tools to enjoy your golden years. Find out exactly how much you need to save for retirement in each state to enjoy a comfortable retirement after work.

You May Also Like


The Doha-Dublin Qatar Airways flight experienced turbulence on Sunday, resulting in 12 passengers suffering minor injuries. Emergency services, including Dublin Airport Police and Dublin...


George Conway has taken to Twitter to express his views on Donald Trump. George Conway, husband of Presidential Counselor Kellyanne Conway and former candidate...


A Chicago high school student has been taken into custody after police discovered a loaded pistol with an extended clip in his locker at...


A Dallas tire shop owner who opened fire on a Muslim-owned business in 2015, killing a man, was sentenced to 37 years in federal...

Copyright © 2023 Usa Headlines Monitor