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Lokvani Team
10/24/2024
Lokvani wishes each and every one of our readers a joyous and sparkling Diwali.
May there be peace and joy in all hearts and in the world.
May all your dreams come true and may you be blessed with fame, fortune and everything you desire!
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Ever wonder what it takes to retire? The answer is pretty simple: money. This comes in the form of Social Security, savings, retirement plans and other investments, but it varies from state to state. Add time into the equation and each state in the nation has a different answer for what it means to “live comfortably” during your golden years.
In a recent study, GOBankingRates took a look at how much money you’ll need for a comfortable retirement in every state. There’s a stark contrast between the states with the lowest and highest amounts of money needed to live comfortably. West Virginia was the easiest place to stretch a dollar of 30 years with $1,828,724 while Hawaii totaled up to $6,558,644, a difference of $4,729,920.
In Massachusetts
- Total cost of living comfortably for 30 years: $4,502,059
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