Early Retirement: How Much Savings Is Needed To Retire by 50 in Every State

July 9, 2024

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Most Americans dream about an early retirement, but retiring early requires setting aside a substantial nest egg to fund the next chapter. As human lifespans get increasingly longer, the amount of money in savings must also increase regardless of how much you expect to receive in Social Security benefits.

To determine how much savings is needed to retire by age 50, GOBankingRates analyzed each state’s cost of living indexes. The national average expenditure costs for residents born between 1965 and 1980 were sourced to calculate the average expenditure costs for each state. Additional factors sourced for each state include the average single family home value, mortgage cost and Social Security benefits. Assuming someone retires at 50, GOBankingRates calculated the cost of living amount needed for those ages 80, 85, 90 and 95.

Keep reading to find out how much you’ll need in savings if you’re planning to retire by 50.

Also, see these tips for early retirement.

Alabama

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,286,912
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,258,915

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,501,397
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,464,068

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,715,882
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,669,221

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $1,930,368
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $1,874,374

Today’s Top Offers

Alaska

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,941,503
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,913,507

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,265,087
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,227,759

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,588,671
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,542,010

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,912,255
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,856,262

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Arizona

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,810,899
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,782,902

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,112,715
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,075,387

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,414,532
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,367,871

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,716,348
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,660,355

Arkansas

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,223,737
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,195,741

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,427,694
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,390,365

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,631,650
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,584,989

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $1,835,606
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $1,779,613

Today’s Top Offers

California

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $2,737,299
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $2,709,302

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $3,193,515
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $3,156,186

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $3,649,731
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $3,603,070

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $4,105,948
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $4,049,955

Colorado

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $2,070,176
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $2,042,179

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,415,205
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,377,876

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,760,234
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,713,573

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $3,105,264
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $3,049,271

Connecticut

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,856,817
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,828,820

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,166,286
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,128,958

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,475,756
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,429,095

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,785,225
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,729,232

Delaware

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,696,714
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,668,718

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,979,500
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,942,171

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,262,286
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,215,625

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,545,072
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,489,078

Today’s Top Offers

District of Columbia (DC)

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $2,491,045
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $2,463,049

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,906,220
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,868,891

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $3,321,394
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $3,274,733

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $3,736,568
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $3,680,575

Florida

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,735,325
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,707,328

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,024,546
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,987,217

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,313,767
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,267,106

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,602,987
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,546,994

Georgia

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,527,994
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,499,997

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,782,659
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,745,331

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,037,325
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,990,664

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,291,991
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,235,997

Hawaii

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $3,235,126
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $3,207,130

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $3,774,314
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $3,736,985

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $4,313,501
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $4,266,840

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $4,852,689
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $4,796,696

Today’s Top Offers

Idaho

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,829,015
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,801,018

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,133,850
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,096,522

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,438,686
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,392,025

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,743,522
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,687,529

Illinois

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,407,780
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,379,783

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,642,410
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,605,081

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,877,040
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,830,379

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,111,670
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,055,676

Indiana

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,364,714
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,336,717

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,592,166
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,554,837

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,819,618
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,772,957

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,047,070
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $1,991,077

Iowa

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,315,883
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,287,886

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,535,197
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,497,868

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,754,511
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,707,850

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $1,973,825
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $1,917,831

Today’s Top Offers

Kansas

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,317,609
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,289,612

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,537,211
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,499,882

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,756,812
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,710,151

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $1,976,414
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $1,920,420

Kentucky

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,255,975
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,227,978

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,465,304
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,427,975

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,674,633
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,627,972

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $1,883,962
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $1,827,969

Louisiana

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,237,423
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,209,426

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,443,660
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,406,331

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,649,897
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,603,236

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $1,856,134
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $1,800,141

Maine

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,759,081
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,731,084

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,052,261
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,014,932

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,345,441
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,298,780

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,638,621
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,582,628

Today’s Top Offers

Maryland

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,805,598
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,777,601

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,106,531
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,069,202

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,407,464
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,360,803

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,708,397
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,652,404

Massachusetts

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $2,395,089
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $2,367,092

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,794,270
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,756,941

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $3,193,452
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $3,146,791

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $3,592,633
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $3,536,640

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Michigan

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,356,074
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,328,077

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,582,086
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,544,758

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,808,099
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,761,438

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,034,111
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $1,978,118

Minnesota

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,588,175
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,560,178

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,852,870
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,815,542

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,117,566
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,070,905

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,382,262
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,326,269

Today’s Top Offers

Mississippi

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,172,011
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,144,014

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,367,346
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,330,017

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,562,681
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,516,020

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $1,758,016
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $1,702,023

Missouri

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,330,084
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,302,087

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,551,764
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,514,435

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,773,445
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,726,784

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $1,995,125
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $1,939,132

Montana

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,872,042
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,844,046

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,184,049
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,146,721

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,496,056
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,449,395

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,808,063
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,752,070

Nebraska

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,384,482
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,356,486

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,615,230
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,577,901

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,845,977
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,799,316

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,076,724
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,020,731

Today’s Top Offers

Nevada

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,862,185
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,834,189

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,172,549
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,135,221

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,482,914
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,436,253

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,793,278
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,737,285

New Hampshire

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $2,039,598
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $2,011,601

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,379,531
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,342,202

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,719,464
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,672,803

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $3,059,397
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $3,003,404

New Jersey

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $2,053,695
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $2,025,698

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,395,978
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,358,649

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,738,260
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,691,599

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $3,080,543
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $3,024,549

New Mexico

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,471,269
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,443,272

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,716,480
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,679,152

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,961,692
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,915,031

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,206,903
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,150,910

Today’s Top Offers

New York

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,854,421
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,826,424

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,163,491
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,126,162

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,472,561
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,425,900

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,781,631
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,725,638

North Carolina

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,556,298
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,528,301

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,815,681
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,778,352

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,075,064
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,028,403

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,334,447
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,278,454

North Dakota

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,426,328
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,398,332

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,664,050
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,626,721

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,901,771
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,855,110

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,139,492
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,083,499

Ohio

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,353,180
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,325,183

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,578,710
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,541,381

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,804,240
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,757,579

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,029,769
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $1,973,776

Today’s Top Offers

Oklahoma

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,248,782
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,220,785

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,456,912
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,419,583

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,665,042
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,618,381

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $1,873,172
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $1,817,179

Oregon

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $2,018,729
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,990,732

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,355,184
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,317,855

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,691,638
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,644,977

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $3,028,093
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,972,100

Pennsylvania

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,447,094
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,419,097

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,688,276
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,650,947

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,929,458
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,882,797

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,170,641
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,114,647

Rhode Island

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,897,748
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,869,752

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,214,039
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,176,711

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,530,331
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,483,670

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,846,622
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,790,629

Today’s Top Offers

South Carolina

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,469,550
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,441,554

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,714,475
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,677,147

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,959,400
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,912,739

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,204,326
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,148,332

South Dakota

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,472,038
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,444,041

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,717,377
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,680,048

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,962,717
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,916,056

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,208,056
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,152,063

Tennessee

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,477,936
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,449,940

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,724,259
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,686,930

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,970,582
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,923,921

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,216,904
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,160,911

Texas

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,475,895
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,447,898

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,721,877
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,684,549

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,967,860
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,921,199

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,213,842
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,157,849

Today’s Top Offers

Utah

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,983,235
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,955,239

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,313,774
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,276,446

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,644,314
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,597,653

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,974,853
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,918,860

Vermont

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,780,653
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,752,657

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,077,429
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,040,100

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,374,204
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,327,543

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,670,980
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,614,987

Virginia

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,710,257
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,682,260

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,995,300
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,957,971

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,280,343
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,233,682

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,565,386
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,509,392

Washington

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $2,282,417
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $2,254,421

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $2,662,820
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $2,625,492

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $3,043,223
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,996,562

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $3,423,626
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $3,367,633

West Virginia

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,178,761
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,150,765

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,375,222
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,337,893

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $1,571,682
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,525,021

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $1,768,142
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $1,712,149

Wisconsin

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,531,338
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,503,342

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,786,561
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,749,232

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,041,784
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $1,995,123

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,297,007
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,241,014

Wyoming

Live to 80

Total CoL if you live to 80 (30 years of retirement, no Social Security): $1,565,910
Total CoL if you live to 80 (30 years of retirement, Social Security at age 65): $1,537,913

Live to 85

Total CoL if you live to 85 (35 years of retirement, no Social Security): $1,826,895
Total CoL if you live to 85 (35 years of retirement, Social Security at age 65): $1,789,566

Live to 90

Total CoL if you live to 90 (40 years of retirement, no Social Security): $2,087,879
Total CoL if you live to 90 (40 years of retirement, Social Security at age 65): $2,041,218

Live to 95

Total CoL if you live to 95 (45 years of retirement, no Social Security): $2,348,864
Total CoL if you live to 95 (45 years of retirement, Social Security at age 65): $2,292,871

Methodology: For this study, GOBankingRates analyzed the cost of living for each state to find how much is needed to retire by 50 in every state. First, GOBankingRates found the cost of living indexes for each state as sourced from Missouri Economic and Research Information Center. The national average expenditure costs for residents born between 1965 and 1980 were sourced from the Bureau of Labor Statistics Consumer Expenditure Survey and used to calculate the average expenditure costs for each state. The average single family home value was sourced from Zillow Home Value Index for May 2024. By assuming a 10% down payment and using the national average 30-year fixed mortgage rate, as sourced from the Federal Reserve Economic Data, the average mortgage cost for each state was calculated. The average Social Security benefits were sourced from the Social Security Administration for residents aged 65 and over. By assuming someone retires at 50, GOBankingRates calculated the cost of living amount needed for various ages. GOBankingRates estimated the individual will take Social Security Benefits at the age of 65 to avoid penalties and calculated the amount needed after Social Security Benefits. The Social Security Benefits are also assumed to stay the same throughout the retirement years. GOBankingRates used the ages of 80, 85, 90, 95 and 100. All data was collected on and is up to date as of July 1st, 2024.

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