The study reveals the costs of retirement without social security throughout the states

Retirement remains at the highest mind of many Americans, whether they are approaching the so -called “golden years” or in front of them for many years before leaving the workforce.

The amount of money a person needs to provide retirement without financial pressure is important in the retirement preparation process, and this can differ depending on various factors, including where a person intends to live and retirement income sources.

This week’s study has been released By gobankingraates The amount of money required by the “comfortable” retirement was calculated without income from the social security that was placed in the related annual expenditures that the retired will face in each American state.

The retirement account account has declined in the first quarter, but the savers continue to contribute

This analysis comes at a time when social security, a common source of retirement income, is looking at potential financing issues with its future trust money. Social Security and Medical Care Trustees I found recently That if the insurance insurance funds are combined with social security insurance funds, the money will be able to confidence to pay 100 % of the advantages scheduled until 2034, one year before last year. After that, the insurance funds will be able to pay only 81 % of the scheduled benefits, which means that the social security recipient will witness a 19 % mandatory reduction automatically.

To study Gobankingches, the standard for Retirement “comfortable” The person was holding twice the amount of money as the cost of living expenses.

Almost half of the X -generation is not confident of retirement

Hawaii tops the place where the most necessary savings will be necessary To retire She said that “comfortable” at the age of 60 years without social security, while Western Virginia, nicknamed the mountainous state, was at the very least.

Gobankingheses found that the nest egg that a person will need to absorb a comfortable retirement in 60 years without Social Security In every state.

Alabama ($ 70,492, the cost of living per year): 1,409,839 dollars

Alaska (110,457 dollars the cost of living per year): 2,209137

Arizona (100281 dollars the cost of living per year): 2,005,627 dollars

Arkansas (67,502 dollars the cost of living per year): 1,350,045 dollars

California ($ 155,117, the cost of living per year): 3,102,333 dollars

Colorado (114,744 dollars the cost of living per year): 2,294,882 dollars

Connecticut (105,428 dollars the cost of living per year): 2,108,563 dollars

Dilayer (94,392 dollars the cost of living per year): 1,887,834 dollars

Florida ($ 97,119 The cost of living per year): 1,942,374 dollars

Georgia (86,005 dollars the cost of living per year): 1,720,096 dollars

Hawaii ($ 186.062, the cost of living per year): 3,721,237 dollars

Idaho ($ 101,912 the cost of living per year): 2,038,236 dollars

Illinois (79,736 dollars the cost of living per year): 1,594,716 dollars

Indiana ($ 74.029 The cost of living per year): 1,480,575 dollars

Iowa ($ 71,373 the cost of living per year): 1,427,463 dollars

Kansas (71,534 dollars the cost of living per year): 1,430,672 dollars

Kentucky (71,410 dollars the cost of living per year): 1,428,204 dollars

Louisiana (67,482 dollars the cost of living per year): 1,349,639 dollars

Maine (98,612 dollars the cost of living per year): 1,972,231 dollars

Maryland ($ 101,991 Living cost per year): 2,039,812 dollars

Massachusetts (136,626 dollars living): 2,732,517 dollars

Michigan ($ 73,780, the cost of living per year): 1,475,595 dollars

Minnesota ($ 88321, the cost of living per year): 1,766,414 dollars

Mississippi (65,523 dollars the cost of living per year): 1,310,451 dollars

Missouri ($ 73,667, the cost of living per year): $ 1,473335

Montana ($ 102,916, the cost of living per year): 2,058,322 dollars

Nebraska (76,792 dollars the cost of living per year): 1,535,846 dollars

Nevada (103,661 dollars the cost of living per year): 2,073,215 dollars

New Hampshire ($ 110,761 living cost per year): 2,215,216 dollars

New Jersey (118,338 dollars in the cost of living per year): 2,366,765 dollars

New Mexico ($ 81,627 living cost per year): 1,632,542 dollars

New York ($ 105,619, the cost of living per year): 2,112,384 dollars

North Carolina (86,857 dollars the cost of living per year): 1,737,146 dollars

Northern Dakota ($ 78,734 The cost of living per year): 1,574,682 dollars

Ohio ($ 73,120, the cost of living per year): 1,462,391 dollars

Oklahoma ($ 69,161, the cost of living per year): 1,383,214 dollars

Oregon ($ 111,541 The cost of living per year): 2,230,814 dollars

Pennsylvania ($ 78,582, the cost of living per year): 1,571,642 dollars

Rod Island ($ 109,811 Living cost per year): 2,196,222 dollars

South Carolina (81,586 dollars the cost of living per year): 1,631,721 dollars

South Dakota (81,949 dollars the cost of living per year): 1,638,979 dollars

Tennessee (81,474 dollars the cost of living per year): 1,629,482 dollars

Texas (81,985 dollars the cost of living per year): 1,639,693 dollars

Utah (110,623 dollars the cost of living per year): 2,212,458 dollars

Vermont (97,999 dollars the cost of living per year): 1,959,971 dollars

Virginia (96,141 dollars the cost of living per year): 1,922,813 dollars

Washington (126,952 dollars the cost of living per year): 2,539,048 dollars

West Virginia ($ 64,715, the cost of living per year): 1,294,300 dollars

Wisconsin (84,485 dollars the cost of living per year): 1,689,700 dollars

Wyoming (88,792 dollars the cost of living per year): 1,775,841 dollars

In early June, Gallup’s 50 % of uninterrupted American adults were found Retirement savings account They felt “expecting to have enough to live comfortably in retirement.”

The study shows the period of social security. The nest egg of $ 1.5 million will last

The confidence was less among those who lacking a retirement provision account, as they expected only 31 % that they expected enough money for comfortable golden years.

Eric Rafel contributed to this report.