How Far Does $250,000 in Savings Plus Social Security Go in Every State

Figuring out how much money you need for retirement can be overwhelming — and it varies significantly depending on where you live in the United States. Factors such as rent, groceries, utilities and healthcare costs can all impact how much you need to live comfortably in retirement.

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So, if you have $250,000 in savings plus an average Social Security check (which the Social Security Administration estimates is $1,907 in 2024), how long can you actually live comfortably?

In some states, like Hawaii, that money would only last 2 1/2 years, which is the least bang for your buck. That’s followed by other states like Alaska, California, Massachusetts and New York, which would allow that money to last a little over 3 1/2 years. On the other hand, states like West Virginia, Alabama and Kansas would make it easy to stretch out that money over five years!

Of course, you’ll need to remember that the amount of money you need to retire could vary depending on your lifestyle and what you plan to do during your retirement. Some may want to live frugally, which would allow that money to last upwards of eight years, while others may plan to take big trips or buy their dream homes, which could significantly decrease how long $250,000 in savings plus Social Security payments would last.

Below, we compared the average expenses of each state to this number to show you how far your money can go by state so you can get an idea of what to expect come retirement. Let’s dive in!

Alabama

• Yearly average spending: $50,995
• How far $ 250,000 in savings and Social Security would go: 8.9 years

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Alaska

• Yearly average spending: $73,082
• How far $ 250,000 in savings and Social Security would go: 4.9 years

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Arizona

• Yearly average spending: $63,600
• How far $ 250,000 in savings and Social Security would go: 6.1 years

Arkansas

• Yearly average spending: $51,169
• How far $ 250,000 in savings and Social Security would go: 8.8 years

California

• Yearly average spending: $78,864
• How far $ 250,000 in savings and Social Security would go: 4.4 years

Colorado

• Yearly average spending: $61,807
• How far $ 250,000 in savings and Social Security would go: 6.4 years

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Connecticut

• Ye arly average spending: $65,855
• How far $ 250,000 in savings and Social Security would go: 5.8 years

Delaware

• Yearly average spending: $58,281
• How far $ 250,000 in savings and Social Security would go: 7.0 years

Florida

• Yearly average spending: $58,396
• How far $ 250,000 in savings and Social Security would go: 7.0 years

Georgia

• Yearly average spending: $52,557
• How far $250,000 in savings and Social Security would go: 8.4 years

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Hawaii

• Yearly average spending: $103,610
• How far $250,000 in savings and Social Security would go: 3.0 years

Idaho

• Yearly average spending: $57,240
• How far $250,000 in savings and Social Security would go: 7.2 years

Illinois

• Yearly average spending: $53,077
• How far $250,000 in savings and Social Security would go: 8.1 years

Indiana

• Yearly average spending: $52,672
• How far $250,000 in savings and Social Security would go: 8.3 years

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Iowa

• Yearly average spending: $51,978
• How far $250,000 in savings and Social Security would go: 8.5 years

Kansas

• Yearly average spending: $50,533
• How far $250,000 in savings and Social Security would go: 9.0 years

Kentucky

• Yearly average spending: $53,886
• How far $250,000 in savings and Social Security would go: 8.0 years

Louisiana

• Yearly average spending: $52,441
• How far $250,000 in savings and Social Security would go: 8.4 years

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Maine

• Yearly average spending: $64,005
• How far $250,000 in savings and Social Security would go: 6.0 years

Maryland

• Yearly average spending: $66,375
• How far $250,000 in savings and Social Security would go: 5.7 years

Massachusetts

• Yearly average spending: $85,571
• How far $250,000 in savings and Social Security would go: 3.9 years

Michigan

• Yearly average spending: $52,614
• How far $250,000 in savings and Social Security would go: 8.4 years

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Minnesota

• Yearly average spending: $54,580
• How far $250,000 in savings and Social Security would go: 7.8 years

Mississippi

• Yearly average spending: $50,128
• How far $250,000 in savings and Social Security would go: 9.1 years

Missouri

• Yearly average spending: $51,053
• How far $250,000 in savings and Social Security would go: 8.8 years

Montana

• Yearly average spending: $59,610
• How far $250,000 in savings and Social Security would go: 6.8 years

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Nebraska

• Yearly average spending: $52,614
• How far $250,000 in savings and Social Security would go: 8.4 years

Nevada

• Yearly average spending: $58,454
• How far $250,000 in savings and Social Security would go: 7.0 years

New Hampshire

• Yearly average spending: $66,838
• How far $250,000 in savings and Social Security would go: 5.6 years

New Jersey

• Yearly average spending: $63,773
• How far $250,000 in savings and Social Security would go: 6.1 years

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New Mexico

• Yearly average spending: $54,291
• How far $250,000 in savings and Social Security would go: 7.9 years

New York

• Yearly average spending: $73,140
• How far $250,000 in savings and Social Security would go: 4.9 years

North Carolina

• Yearly average spending: $55,621
• How far $250,000 in savings and Social Security would go: 7.6 years

North Dakota

• Yearly average spending: $54,522
• How far $250,000 in savings and Social Security would go: 7.9 years

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Ohio

• Yearly average spending: $53,308
• How far $250,000 in savings and Social Security would go: 8.2 years

Oklahoma

• Yearly average spending: $50,186
• How far $250,000 in savings and Social Security would go: 9.1 years

Oregon

• Yearly average spending: $66,317
• How far $250,000 in savings and Social Security would go: 5.7 years

Pennsylvania

• Yearly average spending: $54,811
• How far $250,000 in savings and Social Security would go: 7.8 years

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Rhode Island

• Yearly average spending: $64,756
• How far $250,000 in savings and Social Security would go: 5.9 years

South Carolina

• Yearly average spending: $54,522
• How far $250,000 in savings and Social Security would go: 7.9 years

South Dakota

• Yearly average spending: $53,077
• How far $250,000 in savings and Social Security would go: 8.2 years

Tennessee

• Yearly average spending: $52,267
• How far $250,000 in savings and Social Security would go: 8.5 years

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Texas

• Yearly average spending: $53,771
• How far $250,000 in savings and Social Security would go: 8.0 years

Utah

• Yearly average spending: $60,420
• How far $250,000 in savings and Social Security would go: 6.6 years

Vermont

• Yearly average spending: $66,433
• How far $250,000 in savings and Social Security would go: 5.7 years

Virginia

• Yearly average spending: $58,627
• How far $250,000 in savings and Social Security would go: 6.9 years

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Washington

• Yearly average spending: $66,895
• How far $250,000 in savings and Social Security would go: 5.6 years

West Virginia

• Yearly average spending: $49,261
• How far $250,000 in savings and Social Security would go: 9.4 years

Wisconsin

• Yearly average spending: $55,158
• How far $250,000 in savings and Social Security would go: 7.7 years

Wyoming

• Yearly average spending: $53,886
• How far $250,000 in savings and Social Security would go: 8.0 years

This article originally appeared on GOBankingRates.com : How Far Does $250,000 in Savings Plus Social Security Go in Every State