The Money You Need To Save Monthly To Retire Comfortably on the East Coast

The cost of a comfortable retirement across all but three East Coast states amounts to more than $1 million in savings. Those who get a later start and begin saving for retirement at age 30 are looking at setting aside $1,890 on the low end and up to $4,708 — depending on the East Coast state you plan to retire in.

A GOBankingRates study outlined the amount of money you need to save monthly (including investment earnings) for a comfortable retirement in the United States and pulled each East Coast state for this piece.

Take a look at how much money is necessary for a comfortable East Coast retirement.

• Annual cost of a comfortable living: $110,596
• Cost of 20 years of comfortable retirement: $1,311,531

How much you need to save monthly for 20 years of comfortable retirement (through age 85):

• If you start at age 20: $2,429
• If you start at age 30: $3,123

• Annual cost of a comfortable living: $98,685
• Cost of 20 years of comfortable retirement: $1,073,314

How much you need to save monthly for 20 years of comfortable retirement (through age 85):

• If you start at age 20: $1,988
• If you start at age 30: $2,556

• Annual cost of a comfortable living: $101,626
• Cost of 20 years of comfortable retirement: $1,132,118

How much you need to save monthly for 20 years of comfortable retirement (through age 85):

• If you start at age 20: $2,097
• If you start at age 30: $2,696

• Annual cost of a comfortable living: $89,501
• Cost of 20 years of comfortable retirement: $889,631

How much you need to save monthly for 20 years of comfortable retirement (through age 85):

• If you start at age 20: $1,647
• If you start at age 30: $2,118

• Annual cost of a comfortable living: $104,397
• Cost of 20 years of comfortable retirement: $1,187,545

How much you need to save monthly for 20 years of comfortable retirement (through age 85):

• If you start at age 20: $2,199
• If you start at age 30: $2,827

• Annual cost of a comfortable living: $105,060
• Cost of 20 years of comfortable retirement: $1,200,803

How much you need to save monthly for 20 years of comfortable retirement (through age 85):

• If you start at age 20: $2,224
• If you start at age 30: $2,859

• Annual cost of a comfortable living: $143,885
• Cost of 20 years of comfortable retirement: $1,977,309

How much you need to save monthly for 20 years of comfortable retirement (through age 85):

• If you start at age 20: $3,662
• If you start at age 30: $4,708

• Annual cost of a comfortable living: $118,035
• Cost of 20 years of comfortable retirement: $1,460,296

How much you need to save monthly for 20 years of comfortable retirement (through age 85):

• If you start at age 20: $2,704
• If you start at age 30: $3,477

• Annual cost of a comfortable living: $123,370
• Cost of 20 years of comfortable retirement: $1,567,009

How much you need to save monthly for 20 years of comfortable retirement (through age 85):

• If you start at age 20: $2,902
• If you start at age 30: $3,731

• Annual cost of a comfortable living: $111,328
• Cost of 20 years of comfortable retirement: $1,326,162

How much you need to save monthly for 20 years of comfortable retirement (through age 85):

• If you start at age 20: $2,456
• If you start at age 30: $3,158

• Annual cost of a comfortable living: $90,206
• Cost of 20 years of comfortable retirement: $903,726

How much you need to save monthly for 20 years of comfortable retirement (through age 85):

• If you start at age 20: $1,674
• If you start at age 30: $2,152

• Annual cost of a comfortable living: $115,926
• Cost of 20 years of comfortable retirement: $1,418,134

How much you need to save monthly for 20 years of comfortable retirement (through age 85):

• If you start at age 20: $2,626
• If you start at age 30: $3,377

• Annual cost of a comfortable living: $84,702
• Cost of 20 years of comfortable retirement: $793,646

How much you need to save monthly for 20 years of comfortable retirement (through age 85):

• If you start at age 20: $1,470
• If you start at age 30: $1,890

• Annual cost of a comfortable living: $100,213
• Cost of 20 years of comfortable retirement: $1,103,871

How much you need to save monthly for 20 years of comfortable retirement (through age 85):

• If you start at age 20: $2,044
• If you start at age 30: $2,628

Methodology: GOBankingRates sourced data from the U.S. Census American Community Survey, the Missouri Economic and Research Information Center, the Bureau of Labor Statistics Consumer Expenditure Survey, Zillow Home Value Index for October 2024, the Federal Reserve Economic Data and the Social Security Administration. The amount needed before and after Social Security benefits was calculated for each age of starting savings and each age of life expectancy. All data was collected on and is up to date as of Nov. 15, 2024.