How Far $1.5M Goes in Retirement for You
Many Americans can only dream of building a $1.5 million nest egg to supplement their Social Security benefits — and even that much may not guarantee lifelong financial security, depending on where you live.
A new GOBankingRates analysis highlights just how dramatically costs vary across the country. In the most expensive state, a $1.5 million retirement fund would run out roughly three times faster than in the least expensive one.
To calculate how long $1.5 million might last in every state, GOBankingRates blended data from the Bureau of Labor Statistics, the Social Security Administration and the Missouri Economic Research and Information Center.
