How long can $1 million in retirement savings last in various U.S. states? Let's take a look with the editors at Worldway Immigration Group.
The data analysis website HowMuch has calculated how long $1 million in retirement savings can last in each U.S. state. The results show that the funds would last about twice as long in Mississippi as in Hawaii. HowMuch based these figures on the Cost of Living Index for the second quarter of 2017 and the average annual expenditures for individuals aged 65 and older.
In Mississippi, $1 million can support a retiree for an average of 25 and a half years, while in Hawaii, the same amount of money would only last for 13 years and 1 month.
The following table lists the top five states where $1 million lasts the longest:
Below are the five states where $1 million lasts the shortest amount of time:
As the world's largest economy, the United States attracts many high-net-worth individuals from China due to its superior living environment, abundant educational resources, sound social welfare system, and a more open and fair social atmosphere. In recent years, U.S. immigration has remained a hot topic. The U.S. EB-5 investment immigration program has a low threshold and minimal requirements, making it essentially the only cost-effective immigration pathway with no language requirements, no age limits, no educational requirements, no business background requirements, and no residency requirements, thus it is widely favored by EB-5 investors.
Worldway Immigration Group presents the Manhattan 9 Luxury Boutique Hotel, the first EB-5 project in a Manhattan Urban Priority Area, which is expected to shorten waiting times and help investors obtain green cards quickly. Immigrate to the U.S. with priority opportunities.
【National Grand Premiere, Please Reserve Your Spot to Participate and Secure Rare Quotas】
Expected to shorten waiting times and help you get a green card quickly! The national grand premiere of the first EB-5 project in a Manhattan Urban Priority Area will be held in multiple cities including Beijing, Shanghai, Shenzhen, Qingdao, and Guangzhou. At that time, project developers, authoritative EB-5 lawyers, and senior U.S. executives will be present to provide investors with first-hand project information. Please reserve your spot to participate and secure these rare quotas!
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