"Mapping the Lifespan of a $1 Million Retirement Fund Across the U.S."

A study by GOBankingRates reveals significant disparities in how long a $1 million 401(K) would last across different states, with Mississippi offering the longest duration at nearly 23 years and Hawaii the shortest at just over 10 years. The study, which took into account living expenses and inflation, highlights the varying cost of living in the U.S. and suggests that a $1 million retirement fund may no longer be sufficient for a comfortable retirement. Despite this, the number of Americans with $1 million in their retirement accounts has increased, thanks to a strong stock market performance. The article also discusses savings strategies for different age groups to reach a $1 million retirement goal.