1. Mississippi
$1 million will last: 26 years, 4 months
Mississippi is the only state in the country where $1 million lasts more than 26 years. Not only is Mississippi the cheapest state in the nation, but at $11,134, it also has the lowest housing costs of any state. In total, you’ll spend just $37,964 to get through a whole year in Mississippi, where retirees can stretch their money farther than anywhere else.
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