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How much money you need to retire comfortably in every U.S. state
Mike Winters of CNBC looks at a recent GOBankingRates analysis of all 50 U.S. states and notes the annual cost of a comfortable retirement can differ by as much as $67,981 depending on where you settle. The point is where you retire is as important as the amount of money you’ve saved, given how much the cost of living varies in each state. Hawaii has the highest average retirement expenses in the USA, costing retirees an estimated $129,296 a year to live comfortably. That’s more than twice the amount needed in Mississippi, where retirees need $61,315, on average. Read the full piece here to see the methodology used and to see where each of the states ranked.