How Long $2 Million Will Last You in Retirement in Every State

Americans with $2 million saved will enjoy a comfortable retirement in nearly every state. According to a new study from GOBankingRates, $2 million in retirement savings funds 25 years or longer in 47 states. 

GOBankingRates found how long $2 million lasts in retirement by studying the national average expenditures for people ages 65 and older. Then, we created state-level expenditure estimates by multiplying the national figure by each state’s cost-of-living index.

To find out how many years $2 million lasts in each state, we divided this amount by each state’s average annual expenditures estimate. Additional supplemental information includes the average annual cost of groceries, housing and healthcare for people ages 65 and older. 

• California, Massachusetts and Hawaii are the only states where $2 million lasts less than 25 years in retirement. Hawaii ranked last place at a paltry 18 years.
• The $2 million lasts longest in Oklahoma and Mississippi. In both states, the average person can live more than 38 years.
• The top 10 was dominated by six Southern states. If you retire with $2 million in Oklahoma (#1), Mississippi (#2), Alabama (#3), West Virginia (#4), Arkansas (#7) and Tennessee (#8), you can comfortably fund up to 36 years in retirement.

Keep reading to find out how long $2 million in retirement savings lasts in every state. Plus, here’s how far $1 million and Social Security goes in retirement.

• Number of years $2 million will last: 38.57
• Annual expenditures: $51,849
• Annual groceries: $4,973
• Annual housing: $8,824
• Annual healthcare: $7,261

• Number of years $2 million will last: 38.08
• Annual expenditures: $52,524
• Annual groceries: $4,952
• Annual housing: $9,122
• Annual healthcare: $7,300

• Number of years $2 million will last: 37.04
• Annual expenditures: $53,999
• Annual groceries: $5,130
• Annual housing: $9,239
• Annual healthcare: $6,910

• Number of years $2 million will last: 36.95
• Annual expenditures: $54,122
• Annual groceries: $5,046
• Annual housing: $9,200
• Annual healthcare: $7,105

• Number of years $2 million will last: 36.62
• Annual expenditures: $54,613
• Annual groceries: $5,015
• Annual housing: $10,071
• Annual healthcare: $7,269

• Number of years $2 million will last: 36.58
• Annual expenditures: $54,674
• Annual groceries: $4,999
• Annual housing: $10,110
• Annual healthcare: $7,534

• Number of years $2 million will last: 36.46
• Annual expenditures: $54,859
• Annual groceries: $4,847
• Annual housing: $10,123
• Annual healthcare: $6,692

• Number of years $2 million will last: 36.05
• Annual expenditures: $55,473
• Annual groceries: $5,141
• Annual housing: $10,032
• Annual healthcare: $7,542

• Number of years $2 million will last: 36.05
• Annual expenditures: $55,473
• Annual groceries: $5,083
• Annual housing: $10,786
• Annual healthcare: $6,840

• Number of years $2 million will last: 35.93
• Annual expenditures: $55,657
• Annual groceries: $5,235
• Annual housing: $9,902
• Annual healthcare: $7,854

• Number of years $2 million will last: 35.85
• Annual expenditures: $55,780
• Annual groceries: $4,967
• Annual housing: $10,227
• Annual healthcare: $7,495

• Number of years $2 million will last: 35.66
• Annual expenditures: $56,087
• Annual groceries: $4,952
• Annual housing: $9,941
• Annual healthcare: $8,517

• Number of years $2 million will last: 35.54
• Annual expenditures: $56,272
• Annual groceries: $5,156
• Annual housing: $10,266
• Annual healthcare: $7,869

• Number of years $2 million will last: 35.46
• Annual expenditures: $56,395
• Annual groceries: $5,135
• Annual housing: $10,240
• Annual healthcare: $7,581

• Number of years $2 million will last: 35.46
• Annual expenditures: $56,395
• Annual groceries: $5,104
• Annual housing: $11,033
• Annual healthcare: $8,587

• Number of years $2 million will last: 35.43
• Annual expenditures: $56,456
• Annual groceries: $5,235
• Annual housing: $9,746
• Annual healthcare: $7,245

• Number of years $2 million will last: 35.20
• Annual expenditures: $56,825
• Annual groceries: $5,062
• Annual housing: $11,124
• Annual healthcare: $7,908

• Number of years $2 million will last: 35.20
• Annual expenditures: $56,825
• Annual groceries: $5,251
• Annual housing: $10,370
• Annual healthcare: $7,269

• Number of years $2 million will last: 35.12
• Annual expenditures: $56,947
• Annual groceries: $5,036
• Annual housing: $10,929
• Annual healthcare: $7,198

• Number of years $2 million will last: 35.08
• Annual expenditures: $57,009
• Annual groceries: $5,183
• Annual housing: $10,968
• Annual healthcare: $7,074

• Number of years $2 million will last: 34.56
• Annual expenditures: $57,869
• Annual groceries: $5,277
• Annual housing: $10,474
• Annual healthcare: $8,103

• Number of years $2 million will last: 34.38
• Annual expenditures: $58,176
• Annual groceries: $5,204
• Annual housing: $11,098
• Annual healthcare: $7,620

• Number of years $2 million will last: 34.16
• Annual expenditures: $58,545
• Annual groceries: $5,241
• Annual housing: $11,332
• Annual healthcare: $7,900

• Number of years $2 million will last: 33.95
• Annual expenditures: $58,913
• Annual groceries: $5,298
• Annual housing: $11,033
• Annual healthcare: $7,955

• Number of years $2 million will last: 33.53
• Annual expenditures: $59,650
• Annual groceries: $5,251
• Annual housing: $11,306
• Annual healthcare: $7,362

• Number of years $2 million will last: 33.43
• Annual expenditures: $59,835
• Annual groceries: $5,267
• Annual housing: $11,981
• Annual healthcare: $8,353

• Number of years $2 million will last: 33.32
• Annual expenditures: $60,019
• Annual groceries: $5,256
• Annual housing: $12,709
• Annual healthcare: $7,978

• Number of years $2 million will last: 33.02
• Annual expenditures: $60,572
• Annual groceries: $5,346
• Annual housing: $14,035
• Annual healthcare: $6,980

• Number of years $2 million will last: 32.89
• Annual expenditures: $60,818
• Annual groceries: $5,088
• Annual housing: $13,294
• Annual healthcare: $8,189

• Number of years $2 million will last: 32.85
• Annual expenditures: $60,879
• Annual groceries: $5,025
• Annual housing: $13,983
• Annual healthcare: $6,996

• Number of years $2 million will last: 32.72
• Annual expenditures: $61,125
• Annual groceries: $5,550
• Annual housing: $12,878
• Annual healthcare: $7,331

• Number of years $2 million will last: 32.52
• Annual expenditures: $61,493
• Annual groceries: $5,283
• Annual housing: $12,956
• Annual healthcare: $8,103

• Number of years $2 million will last: 31.70
• Annual expenditures: $63,091
• Annual groceries: $5,298
• Annual housing: $13,879
• Annual healthcare: $8,220

• Number of years $2 million will last: 31.67
• Annual expenditures: $63,152
• Annual groceries: $5,451
• Annual housing: $13,268
• Annual healthcare: $8,056

• Number of years $2 million will last: 29.92
• Annual expenditures: $66,838
• Annual groceries: $5,272
• Annual housing: $16,283
• Annual healthcare: $7,300

• Number of years $2 million will last: 29.81
• Annual expenditures: $67,084
• Annual groceries: $5,241
• Annual housing: $14,801
• Annual healthcare: $8,275

• Number of years $2 million will last: 29.65
• Annual expenditures: $67,452
• Annual groceries: $5,262
• Annual housing: $16,023
• Annual healthcare: $8,688

• Number of years $2 million will last: 29.12
• Annual expenditures: $68,681
• Annual groceries: $5,603
• Annual housing: $15,906
• Annual healthcare: $9,086

• Number of years $2 million will last: 28.71
• Annual expenditures: $69,664
• Annual groceries: $5,545
• Annual housing: $15,646
• Annual healthcare: $8,072

• Number of years $2 million will last: 28.63
• Annual expenditures: $69,848
• Annual groceries: $5,650
• Annual housing: $16,725
• Annual healthcare: $8,813

• Number of years $2 million will last: 28.58
• Annual expenditures: $69,971
• Annual groceries: $5,592
• Annual housing: $15,607
• Annual healthcare: $8,899

• Number of years $2 million will last: 28.53
• Annual expenditures: $70,094
• Annual groceries: $5,619
• Annual housing: $16,127
• Annual healthcare: $8,844

• Number of years $2 million will last: 28.51
• Annual expenditures: $70,155
• Annual groceries: $5,377
• Annual housing: $18,141
• Annual healthcare: $8,961

• Number of years $2 million will last: 28.41
• Annual expenditures: $70,401
• Annual groceries: $5,482
• Annual housing: $18,141
• Annual healthcare: $8,867

• Number of years $2 million will last: 27.38
• Annual expenditures: $73,043
• Annual groceries: $5,619
• Annual housing: $19,168
• Annual healthcare: $8,439

• Number of years $2 million will last: 25.72
• Annual expenditures: $77,773
• Annual groceries: $5,435
• Annual housing: $23,209
• Annual healthcare: $8,805

• Number of years $2 million will last: 25.49
• Annual expenditures: $78,449
• Annual groceries: $6,532
• Annual housing: $16,387
• Annual healthcare: $11,121

• Number of years $2 million will last: 23.82
• Annual expenditures: $83,978
• Annual groceries: $5,645
• Annual housing: $23,625
• Annual healthcare: $8,119

• Number of years $2 million will last: 21.59
• Annual expenditures: $92,639
• Annual groceries: $5,377
• Annual housing: $30,265
• Annual healthcare: $10,443

• Number of years $2 million will last: 18.12
• Annual expenditures: $110,393
• Annual groceries: $6,853
• Annual housing: $38,803
• Annual healthcare: $9,991

Explore more original studies and surveys in the GOBankingRates original research center.

Methodology: National average annual expenditures for people 65 and older were sourced from the Bureau of Labor Statistics’ 2024 Consumer Expenditure Survey data. GOBankingRates created state-level annual expenditure estimates by multiplying the national figure by each state’s cost-of-living index for Q3 2025 from the Missouri Economic Research and Information Center. GOBankingRates then found how many years $2 million will last in each state by dividing $2 million by each state’s average annual expenditures estimate. Average annual cost of groceries, housing, utilities, transportation and healthcare for people 65 and older in each state was sourced from MERIC’s cost-of-living indices. All data was collected on Jan. 21, 2026.