Categories: Retirement Life

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

48. Alaska

$1 million will last: 17 years, 0 months
America’s other noncontiguous state joins Hawaii near the bottom of the retirement-dollar-stretching pack. It costs $58,733 to get through a year in Alaska, thanks in large part to a painfully high $4,651 annual grocery bill, which is second in the nation behind Hawaii. Housing is actually a relatively forgiving $21,585 a year, but even so, you can expect your luck — and your $1 million — to run out in exactly 17 years. That means the amount of money needed to retire in Alaska is more than $1 million.

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