Retirement income needed to retire comfortably by state

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A new state-by-state analysis finds the annual income needed to retire comfortably ranges from $64,504 in Hawaii to $40,627 in West Virginia, highlighting significant geographic disparities amid persistent inflation. The MoneyLion analysis, using MIT Living Wage Calculator data, estimates costs for a single adult without children. The average annual Social Security benefit is $24,852, based on the monthly average of $2,071 reported in January 2026. Retirement income typically combines savings, annuities, pensions, and Social Security. Other high-cost states include Massachusetts at $63,610 and California at $63,402, while Arkansas at $41,615 and Mississippi at $43,025 rank among the lowest.


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