In a new study, Personal Capital scanned the country to find out how people’s retirement savings stacked up. Researchers analyzed the retirement accounts of its 2.8 million dashboard users on an anonymized basis, ranking the 50 states and the District of Columbia by average retirement account balances as of April 3.
Connecticut leads this year’s top 5 list with an average retirement savings of $523,568 followed by New Hampshire (2nd – $494,562), New Jersey (3rd – $489,664), Alaska (4th – $489,070) and Virginia (5th – $468,579).
As far as the bottom of the list goes, this year the states include Utah (1st bottom – $300,392), North Dakota (2nd bottom – $310,766), Washington D.C. (3rd bottom – $325,671), Oklahoma (4th bottom – $340,389) and Mississippi (5th bottom – $340,894). Find out more.