45 States Where You Need $3 Million To Retire Comfortably for 30 Years

August 11, 2025

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Retirees with $3 million in savings have significantly more options available for their retirement. Compared to a savings of $2 million or less, which can limit locales, a new GOBankingRates study reveals $3 million plus Social Security benefits allows retirees to retire in 95% of the United States.

GOBankingRates determined how long a comfortable retirement lasts with $3 million in savings and Social Security benefits by analyzing each state’s household median income, average Social Security income and the cost of living calculated after Social Security income. Using the 50/30/20 finance rule that states that needs should not exceed 50% of the household income, the total cost of living was doubled to find the annual amount needed to live comfortably.

Ranked from most to least years this savings lasts with Social Security, here are the states where $3 million allows you to experience a comfortable retirement.

1. West Virginia

Household median income: $57,917
Annual overall expenditure: $50,533
Annual Social Security income: $23,174
Annual expenditure after Social Security: $27,359
Annual comfortable cost of living with Social Security: $54,718
# of years $3M will last with Social Security: 54.83

2. Oklahoma

Household median income: $63,603
Annual overall expenditure: $51,495
Annual Social Security income: $23,174
Annual expenditure after Social Security: $28,320
Annual comfortable cost of living with Social Security: $56,640
# of years $3M will last with Social Security: 52.97

3. Kansas

Household median income: $72,639
Annual overall expenditure: $52,276
Annual Social Security income: $23,174
Annual expenditure after Social Security: $29,101
Annual comfortable cost of living with Social Security: $58,203
# of years $3M will last with Social Security: 51.54

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4. Mississippi

Household median income: $54,915
Annual overall expenditure: $52,816
Annual Social Security income: $23,174
Annual expenditure after Social Security: $29,642
Annual comfortable cost of living with Social Security: $59,284
# of years $3M will last with Social Security: 50.6

5. Alabama

Household median income: $62,027
Annual overall expenditure: $52,877
Annual Social Security income: $23,174
Annual expenditure after Social Security: $29,702
Annual comfortable cost of living with Social Security: $59,404
# of years $3M will last with Social Security: 50.5

6. Arkansas

Household median income: $58,773
Annual overall expenditure: $53,297
Annual Social Security income: $23,174
Annual expenditure after Social Security: $30,123
Annual comfortable cost of living with Social Security: $60,246
# of years $3M will last with Social Security: 49.8

7. Missouri

Household median income: $68,920
Annual overall expenditure: $53,297
Annual Social Security income: $23,174
Annual expenditure after Social Security: $30,123
Annual comfortable cost of living with Social Security: $60,246
# of years $3M will last with Social Security: 49.8

8. Iowa

Household median income: $73,147
Annual overall expenditure: $53,898
Annual Social Security income: $23,174
Annual expenditure after Social Security: $30,724
Annual comfortable cost of living with Social Security: $61,447
# of years $3M will last with Social Security: 48.82

9. Michigan

Household median income: $71,149
Annual overall expenditure: $54,319
Annual Social Security income: $23,174
Annual expenditure after Social Security: $31,144
Annual comfortable cost of living with Social Security: $62,288
# of years $3M will last with Social Security: 48.16

10. Indiana

Household median income: $70,051
Annual overall expenditure: $54,379
Annual Social Security income: $23,174
Annual expenditure after Social Security: $31,204
Annual comfortable cost of living with Social Security: $62,409
# of years $3M will last with Social Security: 48.07

11. Tennessee

Household median income: $67,097
Annual overall expenditure: $54,379
Annual Social Security income: $23,174
Annual expenditure after Social Security: $31,204
Annual comfortable cost of living with Social Security: $62,409
# of years $3M will last with Social Security: 48.07

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12. Georgia

Household median income: $74,664
Annual overall expenditure: $54,859
Annual Social Security income: $23,174
Annual expenditure after Social Security: $31,685
Annual comfortable cost of living with Social Security: $63,370
# of years $3M will last with Social Security: 47.34

13. North Dakota

Household median income: $75,949
Annual overall expenditure: $55,220
Annual Social Security income: $23,174
Annual expenditure after Social Security: $32,046
Annual comfortable cost of living with Social Security: $64,091
# of years $3M will last with Social Security: 46.81

14. Louisiana

Household median income: $60,023
Annual overall expenditure: $55,400
Annual Social Security income: $23,174
Annual expenditure after Social Security: $32,226
Annual comfortable cost of living with Social Security: $64,452
# of years $3M will last with Social Security: 46.55

15. South Dakota

Household median income: $72,421
Annual overall expenditure: $55,400
Annual Social Security income: $23,174
Annual expenditure after Social Security: $32,226
Annual comfortable cost of living with Social Security: $64,452
# of years $3M will last with Social Security: 46.55

16. Texas

Household median income: $76,292
Annual overall expenditure: $55,701
Annual Social Security income: $23,174
Annual expenditure after Social Security: $32,526
Annual comfortable cost of living with Social Security: $65,052
# of years $3M will last with Social Security: 46.12

17. Kentucky

Household median income: $62,417
Annual overall expenditure: $55,881
Annual Social Security income: $23,174
Annual expenditure after Social Security: $32,707
Annual comfortable cost of living with Social Security: $65,413
# of years $3M will last with Social Security: 45.86

18. Nebraska

Household median income: $74,985
Annual overall expenditure: $55,941
Annual Social Security income: $23,174
Annual expenditure after Social Security: $32,767
Annual comfortable cost of living with Social Security: $65,533
# of years $3M will last with Social Security: 45.78

19. New Mexico

Household median income: $62,125
Annual overall expenditure: $56,061
Annual Social Security income: $23,174
Annual expenditure after Social Security: $32,887
Annual comfortable cost of living with Social Security: $65,774
# of years $3M will last with Social Security: 45.61

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20. Ohio

Household median income: $69,680
Annual overall expenditure: $56,602
Annual Social Security income: $23,174
Annual expenditure after Social Security: $33,428
Annual comfortable cost of living with Social Security: $66,855
# of years $3M will last with Social Security: 44.87

21. Illinois

Household median income: $81,702
Annual overall expenditure: $56,722
Annual Social Security income: $23,174
Annual expenditure after Social Security: $33,548
Annual comfortable cost of living with Social Security: $67,095
# of years $3M will last with Social Security: 44.71

22. Montana

Household median income: $69,922
Annual overall expenditure: $57,023
Annual Social Security income: $23,174
Annual expenditure after Social Security: $33,848
Annual comfortable cost of living with Social Security: $67,696
# of years $3M will last with Social Security: 44.32

23. Minnesota

Household median income: $87,556
Annual overall expenditure: $57,143
Annual Social Security income: $23,174
Annual expenditure after Social Security: $33,968
Annual comfortable cost of living with Social Security: $67,937
# of years $3M will last with Social Security: 44.16

24. Pennsylvania

Household median income: $76,081
Annual overall expenditure: $57,143
Annual Social Security income: $23,174
Annual expenditure after Social Security: $33,968
Annual comfortable cost of living with Social Security: $67,937
# of years $3M will last with Social Security: 44.16

25. Wyoming

Household median income: $74,815
Annual overall expenditure: $57,383
Annual Social Security income: $23,174
Annual expenditure after Social Security: $34,209
Annual comfortable cost of living with Social Security: $68,417
# of years $3M will last with Social Security: 43.85

26. South Carolina

Household median income: $66,818
Annual overall expenditure: $57,623
Annual Social Security income: $23,174
Annual expenditure after Social Security: $34,449
Annual comfortable cost of living with Social Security: $68,898
# of years $3M will last with Social Security: 43.54

27. Wisconsin

Household median income: $75,670
Annual overall expenditure: $58,284
Annual Social Security income: $23,174
Annual expenditure after Social Security: $35,110
Annual comfortable cost of living with Social Security: $70,220
# of years $3M will last with Social Security: 42.72

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28. North Carolina

Household median income: $69,904
Annual overall expenditure: $58,765
Annual Social Security income: $23,174
Annual expenditure after Social Security: $35,591
Annual comfortable cost of living with Social Security: $71,181
# of years $3M will last with Social Security: 42.15

29. Virginia

Household median income: $90,974
Annual overall expenditure: $60,508
Annual Social Security income: $23,174
Annual expenditure after Social Security: $37,333
Annual comfortable cost of living with Social Security: $74,666
# of years $3M will last with Social Security: 40.18

30. Delaware

Household median income: $82,855
Annual overall expenditure: $60,568
Annual Social Security income: $23,174
Annual expenditure after Social Security: $37,393
Annual comfortable cost of living with Social Security: $74,787
# of years $3M will last with Social Security: 40.11

31. Nevada

Household median income: $75,561
Annual overall expenditure: $60,868
Annual Social Security income: $23,174
Annual expenditure after Social Security: $37,694
Annual comfortable cost of living with Social Security: $75,387
# of years $3M will last with Social Security: 39.79

32. Colorado

Household median income: $92,470
Annual overall expenditure: $61,289
Annual Social Security income: $23,174
Annual expenditure after Social Security: $38,114
Annual comfortable cost of living with Social Security: $76,229
# of years $3M will last with Social Security: 39.36

33. Idaho

Household median income: $74,636
Annual overall expenditure: $61,289
Annual Social Security income: $23,174
Annual expenditure after Social Security: $38,114
Annual comfortable cost of living with Social Security: $76,229
# of years $3M will last with Social Security: 39.36

34. Florida

Household median income: $71,711
Annual overall expenditure: $61,769
Annual Social Security income: $23,174
Annual expenditure after Social Security: $38,595
Annual comfortable cost of living with Social Security: $77,190
# of years $3M will last with Social Security: 38.87

35. Utah

Household median income: $91,750
Annual overall expenditure: $63,031
Annual Social Security income: $23,174
Annual expenditure after Social Security: $39,857
Annual comfortable cost of living with Social Security: $79,714
# of years $3M will last with Social Security: 37.63

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36. Arizona

Household median income: $76,872
Annual overall expenditure: $66,997
Annual Social Security income: $23,174
Annual expenditure after Social Security: $43,823
Annual comfortable cost of living with Social Security: $87,645
# of years $3M will last with Social Security: 34.23

37. Oregon

Household median income: $80,426
Annual overall expenditure: $67,297
Annual Social Security income: $23,174
Annual expenditure after Social Security: $44,123
Annual comfortable cost of living with Social Security: $88,246
# of years $3M will last with Social Security: 34

38. Maine

Household median income: $71,773
Annual overall expenditure: $67,358
Annual Social Security income: $23,174
Annual expenditure after Social Security: $44,183
Annual comfortable cost of living with Social Security: $88,366
# of years $3M will last with Social Security: 33.95

39. Rhode Island

Household median income: $86,372
Annual overall expenditure: $67,418
Annual Social Security income: $23,174
Annual expenditure after Social Security: $44,243
Annual comfortable cost of living with Social Security: $88,486
# of years $3M will last with Social Security: 33.9

40. Connecticut

Household median income: $93,760
Annual overall expenditure: $67,478
Annual Social Security income: $23,174
Annual expenditure after Social Security: $44,303
Annual comfortable cost of living with Social Security: $88,607
# of years $3M will last with Social Security: 33.86

41. New Hampshire

Household median income: $95,628
Annual overall expenditure: $67,658
Annual Social Security income: $23,174
Annual expenditure after Social Security: $44,484
Annual comfortable cost of living with Social Security: $88,967
# of years $3M will last with Social Security: 33.72

42. Washington

Household median income: $94,952
Annual overall expenditure: $68,619
Annual Social Security income: $23,174
Annual expenditure after Social Security: $45,445
Annual comfortable cost of living with Social Security: $90,890
# of years $3M will last with Social Security: 33.01

43. Vermont

Household median income: $78,024
Annual overall expenditure: $68,740
Annual Social Security income: $23,174
Annual expenditure after Social Security: $45,565
Annual comfortable cost of living with Social Security: $91,130
# of years $3M will last with Social Security: 32.92

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44. New Jersey

Household median income: $101,050
Annual overall expenditure: $68,860
Annual Social Security income: $23,174
Annual expenditure after Social Security: $45,685
Annual comfortable cost of living with Social Security: $91,371
# of years $3M will last with Social Security: 32.83

45. Maryland

Household median income: $101,652
Annual overall expenditure: $69,280
Annual Social Security income: $23,174
Annual expenditure after Social Security: $46,106
Annual comfortable cost of living with Social Security: $92,212
# of years $3M will last with Social Security: 32.53

Methodology: For this study, GOBankingRates analyzed each U.S. state to find how long a comfortable retirement will last with a $3 million retirement savings. For each state, a number of factors were found including total population, population ages 65 and over, total households and household median income all sourced from the U.S. Census American Community Survey. The average single family house value was sourced from Zillow Home Value Index. The cost of living indexes were sourced from Missouri Economic and Research Information Center and includes the cost of living indexes for overall, grocery, healthcare, housing, utilities, transportation, and miscellaneous. Using the average expenditure costs for residents ages 65 and over, as sourced from the Bureau of Labor Statistics Consumer Expenditure Survey for 65 and over households, the average expenditure cost can be calculated for each state. The average Social Security income was sourced from the Social Security Administration and along with the total expenditure cost, the cost of living after Social Security income can be calculated. Using the 50/30/20 finance rule that states that needs should not exceed 50% of the household income, the total cost of living was doubled to find the annual amount needed to live comfortably. The amount of time it takes to drawdown $3 million in retirement savings can be calculated for households that do and do not receive Social Security income. The states were sorted to show the longest to shortest amount of time it takes to drawdown the retirement savings. All data was collected on and is up to date as of May 13, 2025.

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