How Far $750,000 in Retirement Savings Plus Social Security Goes in Every State

The duration of retirement savings usually depends on withdrawal rates and general lifestyle spending. How much do you withdraw and how often?

With your retirement savings and Social Security, there’s a longer timeline that is affected by the city you reside in at your time of retirement. Remember, your retirement benefit is based on your lifetime earnings.

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According to GOBankingRates research, $750,000 plus Social Security can last varying years across every state. The state with the shortest duration is Hawaii (at around eight years) and the state with the longest duration is West Virginia (28 years).

Here is how far $750,000 in combined savings and Social Security will go in every state, from the longest to the shortest.

West Virginia

• Number of years $750,000 will last with Social Security: 28.80

• Annual expenditure: $48,451

• Annual expenditure after Social Security: $26,038

• Annual groceries expenditure: $4,778

• Annual housing expenditure: $6,711

• Annual utilities expenditure: $4,003

• Annual transportation expenditures: $4,587

• Annual healthcare expenditures: $7,638

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Oklahoma

• Number of years $750,000 will last with Social Security: 27.23

• Annual expenditure: $49,955

• Annual expenditure after Social Security: $27,540

• Annual groceries expenditure: $4,576

• Annual housing expenditure: $8,056

• Annual utilities expenditure: $4,122

• Annual transportation expenditures: $4,414

• Annual healthcare expenditures: $7,178

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Kansas

• Number of years $750,000 will last with Social Security: 26.73

• Annual expenditure: $50,475

• Annual expenditure after Social Security: $28,061

• Annual groceries expenditure: $4,586

• Annual housing expenditure: $8,711

• Annual utilities expenditure: $4,075

• Annual transportation expenditures: $4,310

• Annual healthcare expenditures: $7,434

Alabama

• Number of Years $750,000 will last with Social Security: 26.29

• Annual expenditure: $50,938

• Annual expenditure after Social Security: $28,524

• Annual groceries expenditure: $4,658

• Annual housing expenditure: $8,114

• Annual utilities expenditure: $4,266

• Annual transportation expenditures: $4,508

• Annual healthcare expenditures: $6,575

Mississippi

• Number of Years $750,000 will last with Social Security: 26.19

• Annual expenditure: $51,053

• Annual expenditure after Social Security: $28,639

• Annual groceries expenditure: $4,610

• Annual housing expenditure: $8,792

• Annual utilities expenditure: $3,842

• Annual transportation expenditures: $4,434

• Annual healthcare expenditures: $7,593

Story continues

Missouri

• Number of years $750,000 will last with Social Security: 26.08

• Annual expenditure: $51,169

• Annual expenditure after Social Security: $28,755

• Annual groceries expenditure: $4,581

• Annual housing expenditure: $9,085

• Annual utilities expenditure: $4,173

• Annual transportation expenditures: $4,152

• Annual healthcare expenditures: $6,877

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Arkansas

• Number of years $750,000 will last with Social Security: 26.08

• Annual expenditure: $51,169

• Annual expenditure after Social Security: $28,755

• Annual groceries expenditure: $4,557

• Annual housing expenditure: $8,757

• Annual utilities expenditure: $3,842

• Annual transportation expenditures: $4,360

• Annual healthcare expenditures: $6,650

Iowa

• Number of years $750,000 will last with Social Security: 25.27

• Annual expenditure: $52,094

• Annual expenditure after Social Security: $29,680

• Annual groceries expenditure: $4,639

• Annual housing expenditure: $8,781

• Annual utilities expenditure: $3,961

• Annual transportation expenditures: $4,898

• Annual healthcare expenditures: $7,261

Tennessee

• Number of years $750,000 will last with Social Security: 25.17

• Annual expenditure: $52,210

• Annual expenditure after Social Security: $29,796

• Annual groceries expenditure: $4,658

• Annual housing expenditure: $9,681

• Annual utilities expenditure: $3,753

• Annual transportation expenditures: $4,404

• Annual healthcare expenditures: $6,801

Indiana

• Number of years $750,000 will last with Social Security: 25.17

• Annual expenditure: $52,210

• Annual expenditure after Social Security: $29,796

• Annual groceries expenditure: $4,682

• Annual housing expenditure: $9,096

• Annual utilities expenditure: $3,829

• Annual transportation expenditures: $4,686

• Annual healthcare expenditures: $7,336

Georgia

• Number of years $750,000 will last with Social Security: 24.69

• Annual expenditure: $52,788

• Annual expenditure after Social Security: $30,374

• Annual groceries expenditure: $4,687

• Annual housing expenditure: $9,319

• Annual utilities expenditure: $3,982

• Annual transportation expenditures: $4,829

• Annual healthcare expenditures: $7,532

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Michigan

• Number of years $750,000 will last with Social Security: 24.46

• Annual expenditure: $53,077

• Annual expenditure after Social Security: $30,663

• Annual groceries expenditure: $4,715

• Annual housing expenditure: $9,005

• Annual utilities expenditure: $4,109

• Annual transportation expenditures: $4,859

• Annual healthcare expenditures: $6,854

Louisiana

• Number of years $750,000 will last with Social Security: 24.32

• Annual expenditure: $53,250

• Annual expenditure after Social Security: $30,836

• Annual groceries expenditure: $4,596

• Annual housing expenditure: $9,891

• Annual utilities expenditure: $3,376

• Annual transportation expenditures: $4,716

• Annual healthcare expenditures: $7,125

Texas

• Number of years $750,000 will last with Social Security: 24.19

• Annual expenditure: $53,424

• Annual expenditure after Social Security: $31,010

• Annual groceries expenditure: $4,615

• Annual housing expenditure: $9,599

• Annual utilities expenditure: $4,388.50

• Annual transportation expenditures: $4,582

• Annual healthcare expenditures: $7,246

Kentucky

• Number of years $750,000 will last with Social Security: 24.10

• Annual expenditure: $53,539

• Annual expenditure after Social Security: $31,126

• Annual groceries expenditure: $4,783

• Annual housing expenditure: $9,143

• Annual utilities expenditure: $3,690

• Annual transportation expenditures: $4,701

• Annual healthcare expenditures: $8,053

North Dakota

• Number of years $750,000 will last with Social Security: 24.01

• Annual expenditure: $53,655

• Annual expenditure after Social Security: $31,241

• Annual groceries expenditure: $4,533

• Annual housing expenditure: $9,611

• Annual utilities expenditure: $3,533

• Annual transportation expenditures: $4,879

• Annual healthcare expenditures: $8,241

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Illinois

• Number of years $750,000 will last with Social Security: 23.79

• Annual expenditure: $53,944

• Annual expenditure after Social Security: $31,530

• Annual groceries expenditure: $4,687

• Annual housing expenditure: $9,611

• Annual utilities expenditure: $4,151

• Annual transportation expenditures: $4,819

• Annual healthcare expenditures: $7,532

Nebraska

• Number of years $750,000 will last with Social Security: 23.74

• Annual expenditure: $54,002

• Annual expenditure after Social Security: $31,588

• Annual groceries expenditure: $4,711

• Annual housing expenditure: $9,435

• Annual utilities expenditure: $3,834

• Annual transportation expenditures: $4,750

• Annual healthcare expenditures: $7,721

South Dakota

• Number of years $750,000 will last with Social Security: 23.74

• Annual expenditure: $54,002

• Annual expenditure after Social Security: $31,588

• Annual groceries expenditure: $4,682

• Annual housing expenditure: $10,301

• Annual utilities expenditure: $3,626

• Annual transportation expenditures: $5,067

• Annual healthcare expenditures: $7,691

New Mexico

• Number of years $750,000 will last with Social Security: 23.66

• Annual expenditure: $4,118

• Annual expenditure after Social Security: $31,704

• Annual groceries expenditure: $4,596

• Annual housing expenditure: $10,301

• Annual utilities expenditure: $3,664.14

• Annual transportation expenditures: $4,572

• Annual healthcare expenditures: $7,615

Ohio

• Number of years $750,000 will last with Social Security: 23.49

• Annual expenditure: $54,349

• Annual expenditure after Social Security: $31,935

• Annual groceries expenditure: $4,754

• Annual housing expenditure: $9,821

• Annual utilities expenditure: $4,312

• Annual transportation expenditures: $4,755

• Annual healthcare expenditures: $7,133

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Montana

• Number of years $750,000 will last with Social Security: 23.23

• Annual expenditure: $54,696

• Annual expenditure after Social Security: $32,282

• Annual groceries expenditure: $4,783

• Annual housing expenditure: $9,915

• Annual utilities expenditure: $3,554

• Annual transportation expenditures: $5,314

• Annual healthcare expenditures: $8,211

Minnesota

• Number of years $750,000 will last with Social Security: 23.15

• Annual expenditure: $54,811

• Annual expenditure after Social Security: $32,398

• Annual groceries expenditure: $4,907

• Annual housing expenditure: $9,529

• Annual utilities expenditure: $4,096

• Annual transportation expenditures: $4,656

• Annual healthcare expenditures: $8,015

Wyoming

• Number of years $750,000 will last with Social Security: 23.03

• Annual expenditure: $54,985

• Annual expenditure after Social Security: $32,571

• Annual groceries expenditure: $4,816

• Annual housing expenditure: $10,242

• Annual utilities expenditure: $3,622

• Annual transportation expenditures: $4,375

• Annual healthcare expenditures: $7,985

Pennsylvania

• Number of years $750,000 will last with Social Security: 22.82

• Annual expenditure: $55,274

• Annual expenditure after Social Security: $32,860

• Annual groceries expenditure: $4,720

• Annual housing expenditure: $10,032

• Annual utilities expenditure: $4,384.26

• Annual transportation expenditures: $5,314

• Annual healthcare expenditures: $6,665

Wisconsin

• Number of years $750,000 will last with Social Security: 22.28

• Annual expenditure: $56,083

• Annual expenditure after Social Security: $33,670

• Annual groceries expenditure: $4,711

• Annual housing expenditure: $10,640

• Annual utilities expenditure: $4,147

• Annual transportation expenditures: $4,577

• Annual healthcare expenditures: $8,264

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South Carolina

• Number of years $750,000 will last with Social Security: 22.05

• Annual expenditure: $56,430

• Annual expenditure after Social Security: $34,016

• Annual groceries expenditure: $4,778

• Annual housing expenditure: $10,605

• Annual utilities expenditure: $4,710

• Annual transportation expenditures: $4,701

• Annual healthcare expenditures: $7,005

North Carolina

• Number of years $750,000 will last with Social Security: 21.72

• Annual expenditure: $56,951

• Annual expenditure after Social Security: $34,537

• Annual groceries expenditure: $4,720

• Annual housing expenditure: $10,862

• Annual utilities expenditure: $4,185

• Annual transportation expenditures: $4,755

• Annual healthcare expenditures: $7,917

Delaware

• Number of years $750,000 will last with Social Security: 20.88

• Annual expenditure: $58,338

• Annual expenditure after Social Security: $35,924

• Annual groceries expenditure: $4,888

• Annual housing expenditure: $11,341

• Annual utilities expenditure: $4,147

• Annual transportation expenditures: $5,106

• Annual healthcare expenditures: $7,668

Idaho

• Number of years $750,000 will last with Social Security: 20.81

• Annual expenditure: $58,454

• Annual expenditure after Social Security: $36,040

• Annual groceries expenditure: $4,965

• Annual housing expenditure: $11,797

• Annual utilities expenditure: $3,321

• Annual transportation expenditures: $5,427

• Annual healthcare expenditures: $7,352

Virginia

• Number of years $750,000 will last with Social Security: 20.74

• Annual expenditure: $58,570

• Annual expenditure after Social Security: $36,156

• Annual groceries expenditure: $4,792

• Annual housing expenditure: $12,510

• Annual utilities expenditure: $4,232

• Annual transportation expenditures: $4,661

• Annual healthcare expenditures: $7,691

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Colorado

• Number of years $750,000 will last with Social Security: 20.58

• Annual expenditure: $58,859

• Annual expenditure after Social Security: $36,445

• Annual groceries expenditure: $4,816

• Annual housing expenditure: $12,651

• Annual utilities expenditure: $3,825

• Annual transportation expenditures: $4,627

• Annual healthcare expenditures: $7,595

Nevada

• Number of years $750,000 will last with Social Security: 20.29

• Annual expenditure: $59,379

• Annual expenditure after Social Security: $36,965

• Annual groceries expenditure: $4,989

• Annual housing expenditure: $12,744

• Annual utilities expenditure: $4,562

• Annual transportation expenditures: $5,808

• Annual healthcare expenditures: $6,831

Utah

• Number of years $750,000 will last with Social Security: 20.23

• Annual expenditure: $59,495

• Annual expenditure after Social Security: $37,081

• Annual groceries expenditure: $4,706

• Annual housing expenditure: $13,083

• Annual utilities expenditure: $3,999

• Annual transportation expenditures: $4,938

• Annual healthcare expenditures: $6,748

Florida

• Number of years $750,000 will last with Social Security: 20.16

• Annual expenditure: $59,610

• Annual expenditure after Social Security: $37,196

• Annual groceries expenditure: $5,022

• Annual housing expenditure: $12,674

• Annual utilities expenditure: $4,486

• Annual transportation expenditures: $4,997

• Annual healthcare expenditures: $7,585

Arizona

• Number of years $750,000 will last with Social Security: 18.08

• Annual expenditure: $63,889

• Annual expenditure after Social Security: $41,475

• Annual groceries expenditure: $4,892.94

• Annual housing expenditure: $15,024

• Annual utilities expenditure: $4,283

• Annual transportation expenditures: $5,185

• Annual healthcare expenditures: $7,057

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Maine

• Number of years $750,000 will last with Social Security: 17.88

• Annual expenditure: $64,351

• Annual expenditure after Social Security: $41,937

• Annual groceries expenditure: $4,831

• Annual housing expenditure: $14,253

• Annual utilities expenditure: $4,698

• Annual transportation expenditures: $5,287

• Annual healthcare expenditures: $8,663

Connecticut

• Number of years $750,000 will last with Social Security: 17.43

• Annual expenditure: $65,450

• Annual expenditure after Social Security: $43,036

• Annual groceries expenditure: $4,893

• Annual housing expenditure: $13,773

• Annual utilities expenditure: $5,668

• Annual transportation expenditures: $5,319

• Annual healthcare expenditures: $8,098

Rhode Island

• Number of years $750,000 will last with Social Security: 17.38

• Annual expenditure: $65,566

• Annual expenditure after Social Security: $43,152

• Annual groceries expenditure: $4,864

• Annual housing expenditure: $13,493

• Annual utilities expenditure: $6,011

• Annual transportation expenditures: $4,899

• Annual healthcare expenditures: $7,932

New Hampshire

• Number of years $750,000 will last with Social Security: 17.33

• Annual expenditure: $65,681

• Annual expenditure after Social Security: $43,267

• Annual groceries expenditure: $4,778

• Annual housing expenditure: $13,621

• Annual utilities expenditure: $4,393

• Annual transportation expenditures: $5,551

• Annual healthcare expenditures: $7,804

New Jersey

• Number of years $750,000 will last with Social Security: 17.31

• Annual expenditure: $65,739

• Annual expenditure after Social Security: $43,325

• Annual groceries expenditure: $4,965

• Annual housing expenditure: $15,854

• Annual utilities expenditure: $4,240

• Annual transportation expenditures: $5,284

• Annual healthcare expenditures: $7,917

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Oregon

• Number of years $750,000 will last with Social Security: 17.22

• Annual expenditure: $65,970

• Annual expenditure after Social Security: $43,556

• Annual groceries expenditure: $5,205

• Annual housing expenditure: $15,784

• Annual utilities expenditure: $3,774

• Annual transportation expenditures: $5,996

• Annual healthcare expenditures: $8,475

Vermont

• Number of years $750,000 will last with Social Security: 17.08

• Annual expenditure: $66,317

• Annual expenditure after Social Security: $43,903

• Annual groceries expenditure: $5,075

• Annual housing expenditure: $15,059

• Annual utilities expenditure: $4,770

• Annual transportation expenditures: $4,983

• Annual healthcare expenditures: $8,279

Washington

• Number of years $750,000 will last with Social Security: 16.99

• Annual expenditure: $66,549

• Annual expenditure after Social Security: $44,135

• Annual groceries expenditure: $5,195

• Annual housing expenditure: $14,872

• Annual utilities expenditure: $3,867

• Annual transportation expenditures: $6,283

• Annual healthcare expenditures: $8,890

Maryland

• Number of years $750,000 will last with Social Security: 16.75

• Annual expenditure: $67,185

• Annual expenditure after Social Security: $44,771

• Annual groceries expenditure: $5,042

• Annual housing expenditure: $16,556

• Annual utilities expenditure: $4,638

• Annual transportation expenditures: $5,175

• Annual healthcare expenditures: $7,593

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New York

• Number of years $750,000 will last with Social Security: 15.38

• Annual expenditure: $71,174

• Annual expenditure after Social Security: $48,760

• Annual groceries expenditure: $4,955

• Annual housing expenditure: $19,432

• Annual utilities expenditure: $4,333

• Annual transportation expenditures: $5,432

• Annual healthcare expenditures: $7,970

Alaska

• Number of years $750,000 will last with Social Security: 15.03

• Annual expenditure: $72,330

• Annual expenditure after Social Security: $44,916

• Annual groceries expenditure: $6,088

• Annual housing expenditure: $14,124

• Annual utilities expenditure: $6,308

• Annual transportation expenditures: $5,783

• Annual healthcare expenditures: $11,544

Massachusetts

• Number of years $750,000 will last with Social Security: 12.29

• Annual expenditure: $83,431

• Annual expenditure after Social Security: $61,017

• Annual groceries expenditure: $4,989

• Annual housing expenditure: $24,881

• Annual utilities expenditure: $6,312

• Annual transportation expenditures: $5,625

• Annual healthcare expenditures: $9,319

District of Columbia

• Number of years $750,000 will last with Social Security: 12.26

• Annual expenditure: $83,605

• Annual expenditure after Social Security: $61,191

• Annual groceries expenditure: $5,046

• Annual housing expenditure: $27,476

• Annual utilities expenditure: $4,571

• Annual transportation expenditures: $5,279

• Annual healthcare expenditures: $8,746

California

• Number of years $750,000 will last with Social Security: 12.21

• Annual expenditure: $83,836

• Annual expenditure after Social Security: $61,422

• Annual groceries expenditure: $5,387

• Annual housing expenditure: $24,518

• Annual utilities expenditure: $5,752

• Annual transportation expenditures: $6,984

• Annual healthcare expenditures: $7,970

Hawaii

• Number of years $750,000 will last with Social Security: 8.80

• Annual expenditure: $107,657

• Annual expenditure after Social Security: $85,243

• Annual groceries expenditure: $5,953

• Annual housing expenditure: $36,619

• Annual utilities expenditure: $7,472

• Annual transportation expenditures: $6,861

• Annual healthcare expenditures: $9,199

Methodology: In order to find how long $750,000 will last across the country with Social Security, GOBankingRates first found (1) the national average annual expenditures for people 65 and older, sourced from the Bureau of Labor Statistics’ 2022 Consumer Expenditure Survey data and (2) annual Social Security income as sourced from the Social Security Administration’s May 2024 data. Then, GOBankingRates created (2) state-level annual expenditure estimates by multiplying the national figure by each state’s overall cost of living index score for 2024 Q1 from the Missouri Economic Research and Information Center. Finally, GOBankingRates found (3) how many years th$750,000 will last in each state by dividing $750,000 by each state’s average annual expenditures estimate minus yearly Social Security income. All 50 states and the District of Columbia were then ranked with No. 1 being the state where $750,000 and Social Security will last the longest and No. 51 being the state where it will run out most quickly. GOBankingRates provided supplemental information on the average annual cost of groceries, housing, utilities, transportation, and healthcare for people 65 and older in each state by again using MERIC’s cost of living indices for each category to factor out national estimates from the CEX. All data was collected on and up to date as of June 24, 2024.

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This article originally appeared on GOBankingRates.com: How Far $750,000 in Retirement Savings Plus Social Security Goes in Every State