How Long $1 Million in Retirement Will Last in Every State

Determining the exact number you need to save to retire comfortably is difficult — and reaching that money goal may be even grueling.

According to a recent Schwab Retirement Plan Services study, the average American needs about $1.9 million to retire comfortably. This number is way out of reach for many Americans, considering the average amount Americans have saved between the ages of 55 and 65 is $197,322, a far cry from what you’ll need in retirement.

Read More: 3 Things Retirees Should Sell To Build Their Retirement Savings

As big a chunk of change a $1 million sounds like, surprisingly it doesn’t last quite as long as you might think it would — but that all depends on the state you live in when you retire.

If you live in one of the more expensive states, like Hawaii or New York, you’ll want to work as long as possible and save as much money as possible because $1 million won’t even cover your living expenses for 15 years. There is a bit more cushion in many Midwestern and Southern states, though, if you live there or planning a move.

Find out how long $1 million in savings will last in your state — in order from shortest time to longest.

• Annual groceries cost: $5,339
• Annual housing cost: $35,813
• Annual utilities cost: $6,913
• Annual transportation cost: $6,238
• Annual healthcare cost: $9,485
• Total annual expenditures: $103,610

How long $1 million will last in savings: 9 years, 7 months, 25 days

• Annual groceries cost: $5,080
• Annual housing cost: $26,553
• Annual utilities cost: $5,867
• Annual transportation cost: $5,813
• Annual healthcare cost: $8,694
• Total annual expenditures: $85,571

How long $1 million will last in savings: 11 years, 8 months, 9 days

• Annual groceries cost: $5,166
• Annual housing cost: $26,915
• Annual utilities cost: $4,664
• Annual transportation cost: $5,348
• Annual healthcare cost: $8,784
• Total annual expenditures: $84,010

How long $1 million will last in savings: 11 years, 10 months, 25 days

• Annual groceries cost: $5,387
• Annual housing cost: $22,530
• Annual utilities cost: $5,202
• Annual transportation cost: $6,283
• Annual healthcare cost: $8,226
• Total annual expenditures: $78,864

How long $1 million will last in savings: 12 years, 8 months, 5 days

• Annual groceries cost: $4,994
• Annual housing cost: $20,695
• Annual utilities cost: $4,363
• Annual transportation cost: $5,304
• Annual healthcare cost: $8,173
• Total annual expenditures: $73,140

How long $1 million will last in savings: 13 years, 8 months, 1 day

• Annual groceries cost: $5,814
• Annual housing cost: $14,393
• Annual utilities cost: $6,528
• Annual transportation cost: $5,887
• Annual healthcare cost: $11,227
• Total annual expenditures: $73,082

How long $1 million will last in savings: 13 years, 8 months, 5 days

• Annual groceries cost: $5,286
• Annual housing cost: $14,966
• Annual utilities cost: $3,961
• Annual transportation cost: $6,490
• Annual healthcare cost: $9,025
• Total annual expenditures: $66,895

How long $1 million will last in savings: 14 years, 11 months, 12 days

• Annual groceries cost: $4,898
• Annual housing cost: $13,259
• Annual utilities cost: $5,418
• Annual transportation cost: $5,556
• Annual healthcare cost: $8,106
• Total annual expenditures: $66,838

How long $1 million will last in savings: 14 years, 11 months, 16 days

• Annual groceries cost: $5,066
• Annual housing cost: $15,796
• Annual utilities cost: $5,007
• Annual transportation cost: $4,992
• Annual healthcare cost: $8,090
• Total annual expenditures: $66,433

How long $1 million will last in savings: 15 years, 0 months, 19 days

• Annual groceries cost: $5,200
• Annual housing cost: $16,006
• Annual utilities cost: $4,757
• Annual transportation cost: $4,869
• Annual healthcare cost: $7,646
• Total annual expenditures: $66,375

How long $1 million will last in savings: 15 years, 0 months, 26 days

• Annual groceries cost: $5,258
• Annual housing cost: $15,714
• Annual utilities cost: $4,151
• Annual transportation cost: $6,223
• Annual healthcare cost: $8,332
• Total annual expenditures: $66,317

How long $1 million will last in savings: 15 years, 0 months, 29 days

• Annual groceries cost: $4,965
• Annual housing cost: $14,381
• Annual utilities cost: $5,871
• Annual transportation cost: $5,170
• Annual healthcare cost: $8,204
• Total annual expenditures: $65,855

How long $1 million will last in savings: 15 years, 2 months, 4 days

• Annual groceries cost: $4,960
• Annual housing cost: $14,112
• Annual utilities cost: $4,677
• Annual transportation cost: $4,439
• Annual healthcare cost: $8,068
• Total annual expenditures: $64,756

How long $1 million will last in savings: 15 years, 5 months, 10 days

• Annual groceries cost: $4,936
• Annual housing cost: $14,089
• Annual utilities cost: $4,499
• Annual transportation cost: $5,422
• Annual healthcare cost: $8,348
• Total annual expenditures: $64,005

How long $1 million will last in savings: 15 years, 7 months, 15 days

• Annual groceries cost: $4,855
• Annual housing cost: $14,779
• Annual utilities cost: $4,651
• Annual transportation cost: $5,091
• Annual healthcare cost: $7,570
• Total annual expenditures: $63,773

How long $1 million will last in savings: 15 years, 8 months, 6 days

• Annual groceries cost: $4,936
• Annual housing cost: $15,059
• Annual utilities cost: $4,024
• Annual transportation cost: $5,215
• Annual healthcare cost: $7,178
• Total annual expenditures: $63,600

How long $1 million will last in savings: 15 years, 8 months, 20 days

• Annual groceries cost: $4,979
• Annual housing cost: $13,691
• Annual utilities cost: $3,944
• Annual transportation cost: $5,254
• Annual healthcare cost: $7,465
• Total annual expenditures: $61,807

How long $1 million will last in savings: 16 years, 2 months, 4 days

• Annual groceries cost: $4,783
• Annual housing cost: $13,282
• Annual utilities cost: $4,139
• Annual transportation cost: $5,403
• Annual healthcare cost: $6,899
• Total annual expenditures: $60,420

How long $1 million will last in savings: 16 years, 6 months, 18 days

• Annual groceries cost: $4,912
• Annual housing cost: $11,984
• Annual utilities cost: $3,995
• Annual transportation cost: $5,684
• Annual healthcare cost: $7,367
• Total annual expenditures: $59,610

How long $1 million will last in savings: 16 years, 9 months, 10 days

• Annual groceries cost: $4,826
• Annual housing cost: $12,347
• Annual utilities cost: $4,359
• Annual transportation cost: $4,577
• Annual healthcare cost: $7,676
• Total annual expenditures: $58,627

How long $1 million will last in savings: 17 years, 0 months, 22 days

• Annual groceries cost: $4,989
• Annual housing cost: $12,452
• Annual utilities cost: $4,257
• Annual transportation cost: $5,867
• Annual healthcare cost: $6,726
• Total annual expenditures: $58,454

How long $1 million will last in savings: 17 years, 1 month, 9 days

• Annual groceries cost: $4,783
• Annual housing cost: $12,557
• Annual utilities cost: $4,189
• Annual transportation cost: $4,805
• Annual healthcare cost: $7,321
• Total annual expenditures: $58,396

How long $1 million will last in savings: 17 years, 1 month, 13 days

• Annual groceries cost: $4,869
• Annual housing cost: $11,213
• Annual utilities cost: $4,219
• Annual transportation cost: $4,923
• Annual healthcare cost: $7,713
• Total annual expenditures: $58,281

How long $1 million will last in savings: 17 years, 1 month 13 days

• Annual groceries cost: $4,821
• Annual housing cost: $11,072
• Annual utilities cost: $3,745
• Annual transportation cost: $5,279
• Annual healthcare cost: $7,578
• Total annual expenditures: $57,240

How long $1 million will last in savings: 17 years, 5 months, 20 days

• Annual groceries cost: $4,711
• Annual housing cost: $10,792
• Annual utilities cost: $3,914
• Annual transportation cost: $4,548
• Annual healthcare cost: $8,060
• Total annual expenditures: $55,621

How long $1 million will last in savings: 17 years, 11 months, 23 days

• Annual groceries cost: $4,792
• Annual housing cost: $9,868
• Annual utilities cost: $4,215
• Annual transportation cost: $4,913
• Annual healthcare cost: $8,226
• Total annual expenditures: $55,158

How long $1 million will last in savings: 18 years, 1 month, 16 days

• Annual groceries cost: $4,715
• Annual housing cost: $9,599.
• Annual utilities cost: $4,516
• Annual transportation cost: $5,146
• Annual healthcare cost: $6,959
• Total annual expenditures: $54,811

How long $1 million will last in savings: 18 years, 2 months, 26 days

• Annual groceries cost: $4,739
• Annual housing cost: $9,634
• Annual utilities cost: $4,033
• Annual transportation cost: $4,781
• Annual healthcare cost: $8,249
• Total annual expenditures: $54,580

How long $1 million will last in savings: 18 years, 3 months, 27 days

• Annual groceries cost: $4,701
• Annual housing cost: $9,435
• Annual utilities cost: $4,744
• Annual transportation cost: $4,512
• Annual healthcare cost: $6,921
• Total annual expenditures: $54,522

How long $1 million will last in savings: 18 years, 4 months, 3 days

• Annual groceries cost: $4,495
• Annual housing cost: $9,728
• Annual utilities cost: $4,079
• Annual transportation cost: $5,007
• Annual healthcare cost: $8,452
• Total annual expenditures: $54,522

How long $1 million will last in savings: 18 years, 4 months, 3 days

• Annual groceries cost: $4,610
• Annual housing cost: $10,172
• Annual utilities cost: $3,931
• Annual transportation cost: $4,755
• Annual healthcare cost: $7,419
• Total annual expenditures: $54,291

How long $1 million will last in savings: 18 years, 5 months, 2 days

• Annual groceries cost: $4,835
• Annual housing cost: $9,248
• Annual utilities cost: $4,181
• Annual transportation cost: $4,641
• Annual healthcare cost: $6,665
• Total annual expenditures: $53,886

How long $1 million will last in savings: 18 years, 6 months, 23 days

• Annual groceries cost: $4,917
• Annual housing cost: $9,435
• Annual utilities cost: $3,893
• Annual transportation cost: $4,740
• Annual healthcare cost: $7,578
• Total annual expenditures: $53,886

How long $1 million will last in savings: 18 years, 6 months, 23 days

• Annual groceries cost: $4,605
• Annual housing cost: $9,833
• Annual utilities cost: $4,300
• Annual transportation cost: $4,513
• Annual healthcare cost: $7,042
• Total annual expenditures: $53,7701

How long $1 million will last in savings: 18 years, 7 months, 7 days

• Annual groceries cost: $4,816
• Annual housing cost: $9,167
• Annual utilities cost: $4,151
• Annual transportation cost: $4,745
• Annual healthcare cost: $7,630
• Total annual expenditures: $53,308

How long $1 million will last in savings: 18 years, 9 months, 4 days

• Annual groceries cost: $4,586
• Annual housing cost: $10,032
• Annual utilities cost: $3,651
• Annual transportation cost: $4,760
• Annual healthcare cost: $7,510
• Total annual expenditures: $53,077

How long $1 million will last in savings: 18 years, 10 months, 3 days

• Annual groceries cost: $4,730
• Annual housing cost: $9,213
• Annual utilities cost: $3,740
• Annual transportation cost: $4,997
• Annual healthcare cost: $7,231
• Total annual expenditures: $53,077

How long $1 million will last in savings: 18 years, 10 months, 3 days

• Annual groceries cost: $4,768
• Annual housing cost: $9,190
• Annual utilities cost: $4,321
• Annual transportation cost: $4,646
• Annual healthcare cost: $7,238
• Total annual expenditures: $52,672

How long $1 million will last in savings: 18 years, 11 months, 27 days

• Annual groceries cost: $4,802
• Annual housing cost: $9,096
• Annual utilities cost: $4,236
• Annual transportation cost: $4,795
• Annual healthcare cost: $7,095
• Total annual expenditures: $52,614

How long $1 million will last in savings: 19 years, 0 months, 4 days

• Annual groceries cost: $4,586
• Annual housing cost: $9,131
• Annual utilities cost: $3,719
• Annual transportation cost: $4,889
• Annual healthcare cost: $7,517
• Total annual expenditures: $52,614

How long $1 million will last in savings: 19 years, 0 months, 4 days

• Annual groceries cost: $4,677
• Annual housing cost: $9,096
• Annual utilities cost: $3,740
• Annual transportation cost: $4,582
• Annual healthcare cost: $7,502
• Total annual expenditures: $52,557

How long $1 million will last in savings: 19 years, 0 months, 11 days

• Annual groceries cost: $4,519
• Annual housing cost: $9,412
• Annual utilities cost: $3,516
• Annual transportation cost: $4,666
• Annual healthcare cost: $7,487
• Total annual expenditures: $52,441

How long $1 million will last in savings: 19 years, 0 months, 26 days

• Annual groceries cost: $4,644
• Annual housing cost: $9,611
• Annual utilities cost: $3,939
• Annual transportation cost: $4,305
• Annual healthcare cost: $6,628
• Total annual expenditures: $52,267

How long $1 million will last in savings: 19 years, 1 month, 17 days

• Annual groceries cost: $4,620
• Annual housing cost: $8,488
• Annual utilities cost: $4,054
• Annual transportation cost: $4,884
• Annual healthcare cost: $7,646
• Total annual expenditures: $51,978

How long $1 million will last in savings: 19 years, 2 months, 26 days

• Annual groceries cost: $4,548
• Annual housing cost: $8,582
• Annual utilities cost: $3,876
• Annual transportation cost: $4,444
• Annual healthcare cost: $6,469
• Total annual expenditures: $51,169

How long $1 million will last in savings: 19 years, 6 months, 15 days

• Annual groceries cost: $4,567
• Annual housing cost: $8,933
• Annual utilities cost: $4,300
• Annual transportation cost: $4,389
• Annual healthcare cost: $6,794
• Total annual expenditures: $51,053

How long $1 million will last in savings: 19 years, 7 months, 3 days

• Annual groceries cost: $4,596
• Annual housing cost: $8,243
• Annual utilities cost: $4,312
• Annual transportation cost: $4,404
• Annual healthcare cost: $6,469
• Total annual expenditures: $50,995

How long $1 million will last in savings: 19 years, 7 months, 11 days

• Annual groceries cost: $4,629
• Annual housing cost: $7,974
• Annual utilities cost: $4,444
• Annual transportation cost: $4,429
• Annual healthcare cost: $7,382
• Total annual expenditures: $50,533

How long $1 million will last in savings: 19 years, 9 months, 15 days

• Annual groceries cost: $4,519
• Annual housing cost: $8,313
• Annual utilities cost: $4,003
• Annual transportation cost: $4,651
• Annual healthcare cost: $6,982
• Total annual expenditures: $50,186

How long $1 million will last in savings: 19 years, 11 months, 5 days

• Annual groceries cost: $4,644
• Annual housing cost: $8,488
• Annual utilities cost: $3,685
• Annual transportation cost: $4,216
• Annual healthcare cost: $7,427
• Total annual expenditures: $50,128

How long $1 million will last in savings: 19 years, 11 months, 12 days

• Annual groceries cost: $4,701
• Annual housing cost: $7,284
• Annual utilities cost: $4,067
• Annual transportation cost: $4,528
• Annual healthcare cost: $7,163
• Total annual expenditures: $49,261

How long $1 million will last in savings: 20 years, 3 months, 19 days

Jordan Rosenfeld contributed to the reporting for this article.

Methodology: In order to find how long $1,000,000 will last across the country, GOBankingRates first found (1) the national average annual expenditures for people 65 and older, sourced from the Bureau of Labor Statistics’ 2022 Consumer Expenditure Survey data. Then, GOBankingRates created (2) state-level annual expenditure estimates by multiplying the national figure by each state’s overall cost of living index score for the 3Q 2023 from the Missouri Economic Research and Information Center. Finally, GOBankingRates found (3) how many years $1,000,000 will last in each state by dividing $1,000,000 by each state’s average annual expenditures estimate. All 50 states and the District of Columbia were then ranked with No. 1 being the state where $1,000,000 will last the longest and No. 51 being the state where it will run out most quickly. GOBankingRates provided supplemental information on the average annual cost of groceries, housing, utilities, transportation, and healthcare for people 65 and older in each state by again using MERIC’s cost of living indices for each category to factor out national estimates from the CES. All data was collected on and up to date as of April 23, 2024.