Here’s Exactly How Much Savings You Need To Retire in Every State

The average American’s lack of savings paints a fairly discouraging picture of retirement. Many Americans see themselves working past age 65 out of financial necessity, with some people never planning to retire at all.

But the amount of money you need to retire depends on where you live, due to state-by-state differences in the cost of living. In some areas of the country, a nest egg of a bit more than $500,000 may be sizable enough for a 25-year retirement. In other regions, you have to build up your savings even more to reach at least $1.5 million in retirement funds. Hawaii crosses the $2 million mark.

Check out how much exactly you need to save up in each state to live comfortably for 25 years in your post-work life — ranked from least money to most money required.

• Annual cost of living: $48,665
• Cost of living after Social Security: $25,515
• How much you need in savings to retire with Social Security: $637,873

• Annual cost of living: $49,591
• Cost of living after Social Security: $26,441
• How much you need in savings to retire with Social Security: $661,019

• Annual cost of living: $50,343
• Cost of living after Social Security: $27,193
• How much you need in savings to retire with Social Security: $679,826

• Annual cost of living: $50,864
• Cost of living after Social Security: $27,714
• How much you need in savings to retire with Social Security: $692,845

• Annual cost of living: $50,922
• Cost of living after Social Security: $27,772
• How much you need in savings to retire with Social Security: $694,292

• Annual cost of living: $51,327
• Cost of living after Social Security: $28,177
• How much you need in savings to retire with Social Security: $704,419

• Annual cost of living: $51,327
• Cost of living after Social Security: $28,177
• How much you need in savings to retire with Social Security: $704,419

• Annual cost of living: $51,906
• Cost of living after Social Security: $28,755
• How much you need in savings to retire with Social Security: $718,885

• Annual cost of living: $52,311
• Cost of living after Social Security: $29,160
• How much you need in savings to retire with Social Security: $729,012

• Annual cost of living: $52,369
• Cost of living after Social Security: $29,218
• How much you need in savings to retire with Social Security: $730,458

• Annual cost of living: $52,369
• Cost of living after Social Security: $29,218
• How much you need in savings to retire with Social Security: $730,458

• Annual cost of living: $52,832
• Cost of living after Social Security: $29,681
• How much you need in savings to retire with Social Security: $742,031

• Annual cost of living: $53,179
• Cost of living after Social Security: $30,028
• How much you need in savings to retire with Social Security: $750,711

• Annual cost of living: $53,352
• Cost of living after Social Security: $30,202
• How much you need in savings to retire with Social Security: $755,051

• Annual cost of living: $53,352
• Cost of living after Social Security: $30,202
• How much you need in savings to retire with Social Security: $755,051

• Annual cost of living: $53,642
• Cost of living after Social Security: $30,491
• How much you need in savings to retire with Social Security: $762,285

• Annual cost of living: $53,815
• Cost of living after Social Security: $30,655
• How much you need in savings to retire with Social Security: $766,625

• Annual cost of living: $53,873
• Cost of living after Social Security: $30,723
• How much you need in savings to retire with Social Security: $768,071

• Annual cost of living: $53,989
• Cost of living after Social Security: $30,839
• How much you need in savings to retire with Social Security: $770,964

• Annual cost of living: $54,510
• Cost of living after Social Security: $31,359
• How much you need in savings to retire with Social Security: $783,984

• Annual cost of living: $54,626
• Cost of living after Social Security: $31,475
• How much you need in savings to retire with Social Security: $786,878

• Annual cost of living: $54,915
• Cost of living after Social Security: $31,764
• How much you need in savings to retire with Social Security: $794,111

• Annual cost of living: $55,031
• Cost of living after Social Security: $31,880
• How much you need in savings to retire with Social Security: $797,004

• Annual cost of living: $55,031
• Cost of living after Social Security: $31,880
• How much you need in savings to retire with Social Security: $797,004

• Annual cost of living: $55,262
• Cost of living after Social Security: $32,112
• How much you need in savings to retire with Social Security: $802,791

• Annual cost of living: $55,493
• Cost of living after Social Security: $32,343
• How much you need in savings to retire with Social Security: $808,577

• Annual cost of living: $56,130
• Cost of living after Social Security: $32,980
• How much you need in savings to retire with Social Security: $824,491

• Annual cost of living: $56,593
• Cost of living after Social Security: $33,443
• How much you need in savings to retire with Social Security: $836,064

• Annual cost of living: $58,271
• Cost of living after Social Security: $35,121
• How much you need in savings to retire with Social Security: $878,017

• Annual cost of living: $58,329
• Cost of living after Social Security: $35,179
• How much you need in savings to retire with Social Security: $879,463

• Annual cost of living: $58,618
• Cost of living after Social Security: $35,468
• How much you need in savings to retire with Social Security: $886,696

• Annual cost of living: $59,023
• Cost of living after Social Security: $35,873
• How much you need in savings to retire with Social Security: $896,823

• Annual cost of living: $59,023
• Cost of living after Social Security: $35,873
• How much you need in savings to retire with Social Security: $896,823

• Annual cost of living: $59,486
• Cost of living after Social Security: $36,336
• How much you need in savings to retire with Social Security: $908,396

• Annual cost of living: $60,701
• Cost of living after Social Security: $37,551
• How much you need in savings to retire with Social Security: $938,776

• Annual cost of living: $64,521
• Cost of living after Social Security: $41,370
• How much you need in savings to retire with Social Security: $1,034,255

• Annual cost of living: $64,810
• Cost of living after Social Security: $41,660
• How much you need in savings to retire with Social Security: $1,041,488

• Annual cost of living: $64,868
• Cost of living after Social Security: $41,717
• How much you need in savings to retire with Social Security: $1,042,935

• Annual cost of living: $64,926
• Cost of living after Social Security: $41,775
• How much you need in savings to retire with Social Security: $1,044,381

• Annual cost of living: $64,984
• Cost of living after Social Security: $41,833
• How much you need in savings to retire with Social Security: $1,045,828

• Annual cost of living: $65,157
• Cost of living after Social Security: $42,007
• How much you need in savings to retire with Social Security: $1,050,168

• Annual cost of living: $66,083
• Cost of living after Social Security: $42,933
• How much you need in savings to retire with Social Security: $1,073,314

• Annual cost of living: $66,199
• Cost of living after Social Security: $43,048
• How much you need in savings to retire with Social Security: $1,076,208

• Annual cost of living: $66,314
• Cost of living after Social Security: $43,164
• How much you need in savings to retire with Social Security: $1,079,101

• Annual cost of living: $66,719
• Cost of living after Social Security: $43,569
• How much you need in savings to retire with Social Security: $1,089,227

• Annual cost of living: $71,349
• Cost of living after Social Security: $48,198
• How much you need in savings to retire with Social Security: $1,204,959

• Annual cost of living: $71,638
• Cost of living after Social Security: $48,488
• How much you need in savings to retire with Social Security: $1,212,193

• Annual cost of living: $83,790
• Cost of living after Social Security: $60,640
• How much you need in savings to retire with Social Security: $1,515,989

• Annual cost of living: $84,426
• Cost of living after Social Security: $61,276
• How much you need in savings to retire with Social Security: $1,531,902

• Annual cost of living: $108,152
• Cost of living after Social Security: $85,001
• How much you need in savings to retire with Social Security: $2,125,029

Methodology: For this study, GOBankingRates analyzed each state to find the savings needed to retire. Sources included the U.S. Census American Community Survey, Zillow Home Value Index, Missouri Economic and Research Information Center and the Bureau of Labor Statistics Consumer Expenditure Survey. All data was collected on and is up to date as of March 18, 2025.