"Maximizing Your Million: The U.S. States Where Retirement Savings Stretch Furthest"

A GoBankingRates study reveals that $1 million in retirement savings can last significantly longer in states like Mississippi, where it could cover nearly 23 years of living expenses, compared to just over 10 years in Hawaii. The analysis, which considers costs such as housing, healthcare, and groceries, highlights the impact of location on retirement sustainability. Despite the ideal of a $1 million nest egg, most Americans, particularly Baby Boomers, have saved far less, with a median of $120,000 and nearly 30% of older adults having no retirement savings at all. This is concerning given that many retirements now exceed 25 years, and Americans believe they need $1.8 million for a comfortable retirement.