How Long the Average Retirement Income Will Last in Every State

How long your 401(k) lasts depends on the amount and duration of your savings, as well as your ability to limit withdrawals. This also applies to your Social Security — the longer you wait, the better. 

Factors like the intended age of retirement and lifestyle can also impact how long your 401(k) and Social Security will last. If you retire earlier and live lavishly, you may not enjoy the longer years of coverage.

However, if you retire later and live frugally, you’ll be able to stretch your funds and enjoy longer coverage. Sometimes, maxing out your retirement accounts may not be enough with inflation and other high costs.

Based on a GOBankingRates study, here is how long your 401(k) plus Social Security will last on average in every state with the first state being where it will last the longest. Also, check out these tips on stretching your savings for retirement.

• No. of Years 401(k) Will Last With Social Security: 20.25
• Days: 7396
• Years, Months and Days: 20 years 2 months 31 days
• Annual Expenditure: $49,839.12
• Annual Expenditure After Taxes: $27,441.84

• No. of Years 401(k) Will Last With Social Security: 20.20
• Days: 7378
• Years, Months and Days: 20 years 2 months 13 days
• Annual Expenditure: $49,896.93
• Annual Expenditure After Taxes: $27,499.65

• No. of Years 401(k) Will Last With Social Security: 19.87
• Days: 7258
• Years, Months and Days: 19 years 10 months 13 days
• Annual Expenditure: $50,359.48
• Annual Expenditure After Taxes: $27,962.2

• No. of Years 401(k) Will Last With Social Security: 19.63
• Days: 7170
• Years, Months and Days: 19 years 7 months 17 days
• Annual Expenditure: $50,706.39
• Annual Expenditure After Taxes: $28,309.11

• No. of Years 401(k) Will Last With Social Security: 19.39
• Days: 7082
• Years, Months and Days: 19 years 4 months 22 days
• Annual Expenditure: $51,053.29
• Annual Expenditure After Taxes: $28,656.01

• No. of Years 401(k) Will Last With Social Security: 19.31
• Days: 7053
• Years, Months and Days: 19 years 3 months 22 days
• Annual Expenditure: $51,168.93
• Annual Expenditure After Taxes: $28,771.65

• No. of Years 401(k) Will Last With Social Security: 19.12
• Days: 6984
• Years, Months and Days: 19 years 1 month 12 days
• Annual Expenditure: $51,458.02
• Annual Expenditure After Taxes: $29,060.74

• No. of Years 401(k) Will Last With Social Security: 18.64
• Days: 6808
• Years, Months and Days: 18 years 7 months 21 days
• Annual Expenditure: $52,209.65
• Annual Expenditure After Taxes: $29,812.37

• No. of Years 401(k) Will Last With Social Security: 18.64
• Days: 6808
• Years, Months and Days: 18 years 7 months 21 days
• Annual Expenditure: $52,209.65 
• Annual Expenditure After Taxes: $29,812.37

• No. of Years 401(k) Will Last With Social Security: 18.53
• Days: 6768
• Years, Months and Days: 18 years 6 months 12 days
• Annual Expenditure: $52,383.11
• Annual Expenditure After Taxes: $29,985.83

• No. of Years 401(k) Will Last With Social Security: 18.46
• Days: 6743
• Years, Months and Days: 18 years 5 months 16 days
• Annual Expenditure: $52,498.74
• Annual Expenditure After Taxes: $30,101.46

• No. of Years 401(k) Will Last With Social Security: 18.42
• Days: 6728
• Years, Months and Days: 18 years 5 months 1 day 
• Annual Expenditure: $52,556.56
• Annual Expenditure After Taxes: $30,159.28

• No. of Years 401(k) Will Last With Social Security: 18.39
• Days: 6717
• Years, Months and Days: 18 years 4 months 21 days
• Annual Expenditure: $52,614.38
• Annual Expenditure After Taxes: $30,217.10

• No. of Years 401(k) Will Last With Social Security: 18.39
• Days: 6717
• Years, Months and Days: 18 years 4 months 21 days
• Annual Expenditure: $52,614.38
• Annual Expenditure After Taxes: $30,217.10

• No. of Years 401(k) Will Last With Social Security: 18.04
• Days: 6589
• Years, Months and Days: 18 years 0 months 14 days
• Annual Expenditure: $53,192.56
• Annual Expenditure After Taxes: $30,795.28

• No. of Years 401(k) Will Last With Social Security: 18.01 
• Days: 6578
• Years, Months and Days: 18 years 0 months 3 days
• Annual Expenditure: $53,250.38 
• Annual Expenditure after Taxes: $30,853.10

• No. of Years 401(k) Will Last With Social Security: 17.91
• Days: 6542
• Years, months and days: 17 years 10 months 27 days
• Annual Expenditure: $53,423.83
• Annual Expenditure after Taxes: $31,026.55

• No. of Years 401(k) Will Last With Social Security: 17.91
• Days: 6542
• Years, Months and Days: 17 years 10 months 27 days
• Annual Expenditure: $53,423.83
• Annual Expenditure After Taxes: $31,026.55

• No. of Years 401(k) Will Last With Social Security: 17.81 
• Days: 6505
• Years, Months and Days: 17 years 9 months 22 days
• Annual Expenditure: $53,597.29
• Annual Expenditure After Taxes: $31,200.01

• No. of Years 401(k) Will Last With Social Security: 17.39
• Days: 6352
• Years, Months and Days: 17 years 4 months 21 days
• Annual Expenditure: $54,348.92
• Annual Expenditure After Taxes: $31,951.64

• No. of Years 401(k) Will Last With Social Security: 17.36
• Days: 6341
• Years, Months and Days: 17 years 4 months 10 days
• Annual Expenditure: $54,406.74
• Annual Expenditure After Taxes: $32,009.46

• No. of Years 401(k) Will Last With Social Security: 17.20
• Days: 6282
• Years, Months and Days: 17 years 2 months 13 days
• Annual Expenditure: $54,695.83
• Annual Expenditure After Taxes: $32,298.55

• No. of Years 401(k) Will Last With Social Security: 17.17
• Days: 6271
• Years, Months and Days: 17 years 2 months 2 days
• Annual Expenditure: $54,753.65
• Annual Expenditure After Taxes: $32,356.37

• No. of Years 401(k) Will Last With Social Security:17.05
• Days: 6228
• Years, Months and Days: 17 years 0 months 17 days
• Annual Expenditure: $54,984.92
• Annual Expenditure After Taxes: $32,587.64

• No. of Years 401(k) Will Last With Social Security: 16.99
• Days: 6206
• Years, Months and Days: 16 years 11 months 26 days
• Annual Expenditure: $55,100.55
• Annual Expenditure After Taxes: $32,703.27

• No. of Years 401(k) Will Last With Social Security: 16.99
• Days: 6206
• Years, Months and Days: 16 years 11 months 26 days
• Annual Expenditure: $55,100.55
• Annual Expenditure After Taxes: $32,703.27

• No. of Years 401(k) Will Last With Social Security: 16.90
• Days: 6173
• Years, Months and Days: 16 years 10 months 23 days
• Annual Expenditure: $55,274.01
• Annual Expenditure After Taxes: $32,876.73

• No. of Years 401(k) Will Last With Social Security: 16.05 
• Days: 5862
• Years, Months and Days: 16 years 0 months 18 days
• Annual Expenditure: $57,008.55
• Annual Expenditure After Taxes: $34,611.27

• No. of Years 401(k) Will Last With Social Security: 15.51
• Days: 5665
• Years, Months and Days: 15 years 6 months 5 days
• Annual Expenditure: $58,222.73
• Annual Expenditure After Taxes: $35,825.45

• No. of Years 401(k) Will Last With Social Security: 15.43
• Days: 5636
• Years, Months and Days: 15 years 5 months 5 days
• Annual Expenditure: $58,396.18
• Annual Expenditure After Taxes: $35,998.90

• No. of Years 401(k) Will Last With Social Security: 15.41
• Days: 5629
• Years, Months and Days: 15 years 4 months 29 days
• Annual Expenditure: $58,454.00
• Annual Expenditure After Taxes: $36,056.72

• No. of Years 401(k) Will Last With Social Security: 15.21
• Days: 5555
• Years, Months and Days: 15 years 2 months 17 days
• Annual Expenditure: $58,916.54
• Annual Expenditure After Taxes: $36,519.26

• No. of Years 401(k) Will Last With Social Security: 14.98
• Days: 5471
• Years, Months and Days: 14 years 11 months 23 days
• Annual Expenditure: $59,494.72
• Annual Expenditure After Taxes: $37,097.44

• No. of Years 401(k) Will Last With Social Security: 14.91
• Days: 5446
• Years, Months and Days: 14 years 10 months 27 days
• Annual Expenditure: $59,668.18
• Annual Expenditure After Taxes: $37,270.99

• No. of Years 401(k) Will Last With Social Security: 14.48
• Days: 5289
• Years, Months and Days: 14 years 5 months 23 days
• Annual Expenditure: $60,766.72
• Annual Expenditure After Taxes: $38,369.44

• No. of Years 401(k) Will Last With Social Security: 13.79
• Days: 5037
• Years, Months and Days: 13 years 9 months 14 days
• Annual Expenditure: $62,674.71
• Annual Expenditure After Taxes: $40,277.43

• No. of Years 401(k) Will Last With Social Security: 13.50
• Days: 4931
• Years, Months and Days: 13 years 5 months 30 days
• Annual Expenditure: $63,541.98
• Annual Expenditure After Taxes: $41,144.70

• No. of Years 401(k) Will Last With Social Security: 13.35
• Days: 4876
• Years, Months and Days: 13 years 4 months and 7 days
• Annual Expenditure: $65,004.53
• Annual Expenditure After Taxes: $41,607.25

• No. of Years 401(k) Will Last With Social Security: 12.98
• Days: 4741
• Years, Months and Days: 12 years 11 months 22 days
• Annual Expenditure: $65,218.70
• Annual Expenditure After Taxes: $42,821.42

• No. of Years 401(k) Will Last With Social Security: 12.79
• Days: 4672
• Years, Months and Days: 12 years 9 months 14 days
• Annual Expenditure: $65,854.70
• Annual Expenditure After Taxes: $43.457.42

• No. of Years 401(k) Will Last With Social Security: 12.75
• Days: 4657
• Years, Months and Days: 12 years 8 months 29 days
• Annual Expenditure: $65,970.34
• Annual Expenditure After Taxes: $43,573.46

• No. of Years 401(k) Will Last With Social Security: 12.65
• Days: 4620
• Years, Months and Days: 12 years 7 months 24 days
• Annual Expenditure: $66,317.25
• Annual Expenditure After Taxes: $43,919.97

• No. of Years 401(k) Will Last With Social Security: 12.55
• Days: 4584
• Years, Months and Days: 12 years 6 months 18 days
• Annual Expenditure: $66,664.15
• Annual Expenditure After Taxes: $44.266.87

• No. of Years 401(k) Will Last With Social Security: 12.44
• Days: 4544
• Years, Months and Days: 12 years 5 months 8 days 
• Annual Expenditure: $67,068.88
• Annual Expenditure After Taxes: $44,671.60

• No. of Years 401(k) Will Last With Social Security: 12.36
• Days: 4514
• Years, Months and Days: 12 years 4 months 10 days
• Annual Expenditure: $67,357.97
• Annual Expenditure After Taxes: $44,960.69

• No. of Years 401(k) Will Last With Social Security: 11.11
• Days: 4058
• Years, Months and Days: 11 years 1 month 8 days
• Annual Expenditure: $72,388.14
• Annual Expenditure After Taxes: $49,990.86

• No. of Years 401(k) Will Last With Social Security: 11.03
• Days: 4029
• Years, Months and Days: 11 years 0 months 10 days
• Annual Expenditure: $72,792.86
• Annual Expenditure After Taxes: $50,395.58

• No. of Years 401(k) Will Last With Social Security: 9.63
• Days: 3517
• Years, Months and Days: 9 years 7 months 17 days
• Annual Expenditure: $80,077.93
• Annual Expenditure After Taxes: $57,680.65

• No. of Years 401(k) Will Last With Social Security: 8.92
• Days: 3258
• Years, Months and Days: 8 years 11 months 1 day
• Annual Expenditure: $84,703.37
• Annual Expenditure After Taxes: $62,306.09

• No. of Years 401(k) Will Last With Social Security: 8.89
• Days: 3249
• Years, Months and Days: 8 years 10 months 20 days
• Annual Expenditure: $84,876.82
• Annual Expenditure After Taxes: $62,479.54

• No. of Years 401(k) Will Last With Social Security: 6.79
• Days: 2480
• Years, Months and Days: 6 years 9 months 15 days
• Annual Expenditure: $104,245.85
• Annual Expenditure After Taxes: $81,848.57

Methodology: In order to find how long the average 401(k) will last across the country with Social Security, GOBankingRates first found (1) the national average annual expenditures for people 65 and older, sourced from the Bureau of Labor Statistics’ 2022 Consumer Expenditure Survey (CEX) data and (2) annual Social Security income as sourced from the Social Security Administration’s April 2024 data. Then, GOBankingRates created (2) state-level annual expenditure estimates by multiplying the national figure by each state’s overall cost of living index score for 2023 from the Missouri Economic Research and Information Center (MERIC). Finally, GOBankingRates found (3) how many years the average 401(k) will last in each state by dividing $555,621 by each state’s average annual expenditures estimate minus yearly Social Security income. All 50 states and the District of Columbia were then ranked with No. 1 being the state where $555,621 and Social Security will last the longest and No. 51 being the state where it will run out most quickly. GOBankingRates provided supplemental information on the average annual cost of groceries, housing, utilities, transportation and healthcare for people 65 and older in each state by again using MERIC’s cost of living indices for each category to factor out national estimates from the CEX. All data was collected and updated as of May 22, 2024. The average 401(k) balance was sourced by Empower for those in their 60s.