A new list shows that $1 million in retirement savings would last less than 20 years in Hawaii, California, and Massachusetts but over 75 years in Arkansas, Mississippi, and West Virginia.
Rankings were based on $1 million in retirement savings, Social Security benefits, and essential living costs, including groceries, housing, utilities, transportation, health care, and other expenses.
Hawaii was the most expensive state, as retirement funds were projected to last only 12 years. California was second, with 16 years, followed by Massachusetts, with 19 years.
The same amount could cover retiree expenses for 89 years in West Virginia, 87 years in Mississippi, and 77 years in Arkansas
