US  | 

States Where That $1M for Retirement Won't Last Very Long

Per GOBankingRates, a million bucks will last just 7.3 years in Hawaii, nearly 25 years in West Virginia
Posted Jul 20, 2025 5:00 PM CDT
States Where That $1M for Retirement Stretches Further
Stock photo.   (Getty Images/GetUpStudio)

Remember the days when you could hit a $1 million jackpot, quit your job, and be set for life? That figure simply doesn't last as long these days, including one's retirement years— though some states give you more bang for your post-career bucks than others. GOBankingRates looked at housing costs, health care price tags, and other expenses in all 50 states to come up with total annual expenditures in one's golden years, then crunched the numbers to see where a cool mil would last the longest. In West Virginia, you'll get nearly a quarter century out of that kitty, while in Hawaii, you're lucky if you make it eight years. The top and bottom 10 states:

States where $1M will last longest

  1. West Virginia; 24.5 years
  2. Mississippi; 23.3 years
  3. Arkansas; 22.6 years
  4. Oklahoma; 22.5 years
  5. Alabama; 22.1 years
  6. Louisiana; 22.1 years
  7. Kansas; 21.6 years
  8. Iowa; 21.6 years
  9. Kentucky; 21.4 years
  10. Michigan; 21 years

States where $1M won't last as long

  1. New Hampshire; 13.6 years
  2. Utah; 13.6 years
  3. Colorado; 13.4 years
  4. Oregon; 13.2 years
  5. New York; 13.1 years
  6. New Jersey; 12.5 years
  7. Washington; 12 years
  8. Massachusetts; 10 years
  9. California; 9.2 years
  10. Hawaii; 7.3 years
See how long your money will last in other states here. (Folks in these states pay the most for housing.)

Read These Next
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X