Categories: Retirement Life

How Long $1 Million Will Last in Retirement in Every State

31. South Carolina

$1 million will last: 22 years, 3 months
Rounding out the bottom 20 is South Carolina, which requires about $44,887 in total annual expenses. The cost of groceries and healthcare are a little more expensive than the national average, but not by much. Costing $4,095 a year, South Carolina performs worst in the utilities category, while the costs of transportation and housing are below average.
Most Americans expect to rely primarily on their 401k accounts to pay for retirement, a GOBankingRates survey found. There are secret moves you can make to double your 401k.

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