economy

January 25, 2026

The U.S. states where you can retire at 65 with less than $1 million in savings

In many states in the South and Midwest, lower housing costs make it possible to retire with $1 million or less.

The U.S. states where you can retire at 65 with less than $1 million in savings

TL;DR

  • 32 U.S. states require less than $1 million in savings for retirement at age 65.
  • Analysis by GOBankingRates estimates minimum savings based on essential living expenses.
  • Calculations consider cost of living, Social Security income, and a 4% withdrawal rate.
  • The estimates focus on basic needs, excluding discretionary spending.
  • Household expenses are used, potentially supported by multiple incomes or savings.

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