The duration of retirement savings usually depends on withdrawal rates and general lifestyle spending. In other words, how much do you withdraw and how often?
With your retirement savings and Social Security, there’s a longer timeline that is affected by the city you reside in at your time of retirement. Remember, your retirement benefit is based on your lifetime earnings.
According to GOBankingRates research, $750,000 plus Social Security can last varying years across every state. The state with the shortest duration is Hawaii (at around eight years) and the state with the longest duration is West Virginia (28 years).
From the longest amount of time to the shortest, here is how far $750,000 in combined savings and Social Security will go in every state.
