Retirement Numbers By State

Retirement Numbers By State

Yahoo Finance published a state-by-state listing that included average retirement ages, dollar amounts needed annually to live a comfortable retirement and retirement savings needed.

Although “full retirement age” for Social Security purposes isn’t until age 67, the average retirement age in every single state—with the exception of the District of Columbia—is below 67. On average, retirees in the U.S. hang up their work boots at age 64, according to Money Talks News.

The state in which you live can play a big role in how early you can retire, as evidenced by the low average retirement ages across wide swaths of the South and Midwest. Next, it takes more than $1 million to have a comfortable retirement in any state in America – or over $2 million in the case of Hawaii and the District of Columbia. Check out the numbers in your state.

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Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.