A million dollars used to be the ultimate target for retirement portfolios. Retiring as a millionaire brought status and confidence that you could live comfortably during your golden years.
If you retired with $1 million in 1970, you probably wouldn’t have to worry about your nest egg running out, even with a lavish lifestyle.
It would be like retiring with over $7.8 million today.1
Retire with $1 million in the ’80s, and it would be like retiring with over $3.7 million in 2023.
And in 1990?
A cool $1 million would go twice as far as it does these days.1
Clearly, $1 million doesn’t go as far as it used to.
Just how far will it go these days?
The answer depends on how and where you live.
In retirement, as in real estate, location is everything (or, at least, it’s a lot). The map below shows how long $1 million could last in each state. This state-by-state breakdown features a few different hypothetical growth scenarios and the results of our calculations.
Let’s see how long a $1 million nest egg would last where you want to retire — or wherever you’ve already retired.