$1.2 million in retirement savings? 10 states where it will last the longest
With the average U.S. retirement age near 62 and life expectancy about 79, rising costs for food, fuel and healthcare are squeezing retirees — but $1.2 million will stretch farther in some states.
The average retirement age in the U.S. is around 62, the same age you can start drawing – albeit at a reduced amount – Social Security. But with life expectancy at 79 and costs for things like food, fuel and healthcare continuing to rise, having enough money put aside for retirement can be a challenge.