Troubling new study reveals how little $1m in retirement savings would last in each US state
A troubling new study shows how little $1 million in retirement savings would last in every US state. The personal finance site GOBankingRates analyzed data from each state to show just how far one could last with a retirement fund worth $1 million when looking at annual expenses. The site took into account groceries, housing utilities, transportation and healthcare when compiling their findings. States including Hawaii, New York and California help make up the five worst places to live, with $1 million covering lass than 15 years.
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