One, according to, the biggest retirement is concerned that Americans are facing June study From the Transamica Center for retirement studies.
A New Report Earlier this month, the senior, published by the Senior Living Platform, raised concerns that it shows that almost every state is expected to reduce revenue to retire for retirement.
The study says that in 41 US states and Washington, DC, seniors do not have so much financial resources for retirement. The average age of retirees is 18.2 years of retirement age (at the age of 65) and is expected to bring $ 762,000 in retirement from social security, savings and investment. However, their average life costs are $ 877,000, with a difference of 000 115,000.
Related: How much money do you need to retire comfortably in your state? This is a defect.
Seniorly analyzed data available from sources like American Social Security Administration And Census Bureau Expected retirement revenue and calculations.
The study shows that New York was the most dangerous state for retired funds. The costs in the state were 1 1.1 million, and the revenue was 70 670,000, which was $ 430,000. Washington is a high state where seniors are at least likely to end their savings, with an additional amount of about $ 146,000.
A Northwestern Mutual Report Discovering the results that Americans believe they need $ 1.26 million to retire easily – this is a magic number for retirement saving. The majority of Americans (51 %) said it was somewhat or more likely that they would not have enough money to meet retirement costs.
Related: These are the ‘wealthy and safest’ places to retire in the United States that none of them are in Florida – and 2 states have won the list.
According to senior, there are 10 states where seniors have the highest risk of eliminating retirement savings, based on average income and average costs in retirement lifetime for each state.
1. New York
Retirement Lifetime Expenses: 1 1.1 million
Income in Retirement Lifetime: 70 670,000
Shortfall: 30 430,000
2. Hawaii
Retirement Lifetime Expenses: 7 1.7 million
Income in Retirement Lifetime: 3 1.3 million
Shortfall:, 000 400,000
3. The district of Columbia
Retirement Lifetime Expenses: 1 1.1 million
Revenue in Retirement Lifetime: 6 736,000
Shortfall: 4 364,000
4. Alaska
Retirement Lifetime Expenses: 1 1.1 million
Income in Retirement Lifetime: 2 712,000
Shortfall: 8 388,000
5. California
Retirement Lifetime Expenses: 3 1.3 Million
Income in Retirement Lifetime: 6 926,000
Shortfall: 4 374,000
6. Massachusetts
Retirement Lifetime Expenses: 3 1.3 Million
Revenue in Retirement Lifetime: Million 1 million
Shortfall:, 000 300,000
7. Rhod Island
Retirement Lifetime Expenditure: 60 960,000
Income in Retirement Lifetime: 76 676,000
Shortfall: 4 284,000
8. Vermont
Retirement Lifetime Expenses: MILLION 1 Million
Income in Retirement Lifetime: 1 771,000
Shortfall: 9 229,000
9. Louisiana
Retirement Lifetime Expenses: 724,000.
Income in Retirement Lifetime: 9 479,000
Shortfall: 5 245,000
10. Connecticate
Retirement Lifetime Expenses: MILLION 1 Million
Income in Retirement Lifetime: 1 851,000
Nearly reduction: 9 149,000
One, according to, the biggest retirement is concerned that Americans are facing June study From the Transamica Center for retirement studies.
A New Report Earlier this month, the senior, published by the Senior Living Platform, raised concerns that it shows that almost every state is expected to reduce revenue to retire for retirement.
The study says that in 41 US states and Washington, DC, seniors do not have so much financial resources for retirement. The average age of retirees is 18.2 years of retirement age (at the age of 65) and is expected to bring $ 762,000 in retirement from social security, savings and investment. However, their average life costs are $ 877,000, with a difference of 000 115,000.
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