How Long $250K Will Last in Retirement in Each State ~ GL MAG

How Long $250K Will Last in Retirement in Each State

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How Long $250K Will Last in Retirement in Each State

J. ArkyJuly 30, 2025 at 6:03 AM

Olga Shumitskaya / iStock.com

The amount you need in retirement depends on numerous factors, including where you live and what sort of expenses you have.

Learn About: How Far $1.5 Million in Retirement Savings Plus Social Security Goes in Every State

Try This: How Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, Too

Some people have a lot of money in their golden years — thanks to pensions or well-aimed retirement investments — but many more have to scrape by. The median retirement savings balance is around $200,000 in 2025, according to the Federal Reserve's Survey of Consumer Finance.

To help you plan for your retirement, GOBankingRates set out to find out how long $250,000 will last in every state — both with and without Social Security (average annual Social Security across America is $23,150).

Using data from the Bureau of Labor Statistics 2023 Consumer Expenditure Survey and the Social Security Administration's January 2025 data, GOBankingRates looked at the average annual cost of groceries, housing, utilities, transportation and healthcare for people 65 and older in every state.

Take a look at how long $250,000 will last in every state, ranked from the shortest amount of time to the longest.

SMJoness / Getty Images/iStockphotoHawaii -

With Social Security: 2.8 years

Without Social Security: 2.23 years

Annual expenditure: $112,303

Also See: The Living Wage a Family of Four Needs in All 50 States

Check Out: The Money You Need To Save Monthly To Retire Comfortably in Every State

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DenisTangneyJr / Getty ImagesMassachusetts -

With Social Security: 3.87 years

Without Social Security: 2.85 years

Annual expenditure: $87,667

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

Alex Potemkin / Getty ImagesCalifornia -

With Social Security: 3.92 years

Without Social Security: 2.87 years

Annual expenditure: $87,006

Roman Sorokin / Shutterstock.comAlaska -

With Social Security: 4.88 years

Without Social Security: 3.36 years

Annual expenditure: $74,388

OlegAlbinsky / iStock.comNew York -

With Social Security: 4.91years

Without Social Security: 3.37 years

Annual expenditure: $74,087

aimintang / Getty ImagesMaryland -

With Social Security: 5.42 years

Without Social Security: 3.61 years

Annual expenditure: $69,280

Davel5957 / Getty Images/iStockphotoNew Jersey -

With Social Security: 5.47 years

Without Social Security: 3.63 years

Annual expenditure: $68,860

Explore More: How Long $1 Million in Retirement Will Last in Every State

Sean Pavone / Shutterstock.comVermont -

With Social Security: 5.48 years

Without Social Security: 3.64 years

Annual expenditure: $68,740

Sean Pavone / Getty ImagesWashington -

With Social Security: 5.50 years

Without Social Security: 3.64 years

Annual expenditure: $68,619

DenisTangneyJr / Getty Images/iStockphotoNew Hampshire -

With Social Security: 5.62 years

Without Social Security: 3.70 years

Annual expenditure: $67,658

benedek / Getty ImagesConnecticut -

With Social Security: 5.64 years

Without Social Security: 3.70 years

Annual expenditure: $67,478

Sean Pavone / Getty Images/iStockphotoRhode Island -

With Social Security: 5.65 years

Without Social Security: 3.71 years

Annual expenditure: $67,418

Discover More: Here's the Cost of Living in Every State

DenisTangneyJr / Getty Images/iStockphotoMaine -

With Social Security: 5.66 years

Without Social Security: 3.71 years

Annual expenditure: $67,358

©Shutterstock.comOregon -

With Social Security: 5.66 years

Without Social Security: 3.71 years

Annual expenditure: $67,297

DenisTangneyJr / Getty Images/iStockphotoArizona -

With Social Security: 5.70 years

Without Social Security: 3.73 years

Annual expenditure: $66,997

4kodiak / Getty Images/iStockphotoUtah -

With Social Security: 6.27 years

Without Social Security: 3.97 years

Annual expenditure: $63,031

csfotoimages / Getty ImagesFlorida -

With Social Security: 6.47 years

Without Social Security: 4.05 years

Annual expenditure: $61,769

Trending Now: Here's How Much You Need To Earn To Be 'Rich' in Every State

Sean Pavone / Getty Images/iStockphotoColorado -

With Social Security: 6.56 years

Without Social Security: 4.08 years

Annual expenditure: $61,289

vkbhat / Getty ImagesIdaho -

With Social Security: 6.56 years

Without Social Security: 4.08 years

Annual expenditure: $61,289

4kodiak / Getty ImagesNevada -

With Social Security: 6.63 years

Without Social Security: 4.11 years

Annual expenditure: $60,868

DenisTangneyJr / Getty ImagesDelaware -

With Social Security: 6.68 years

Without Social Security: 4.13 years

Annual expenditure: $60,568

virsuziglis / Getty Images/iStockphotoVirginia -

With Social Security: 6.69 years

Without Social Security: 4.13 years

Annual expenditure: $60,508

Watch Out: 6 Cash Flow Mistakes Boomers Are Making With Their Retirement Savings

SeanPavonePhoto / Getty Images/iStockphotoNorth Carolina -

With Social Security: 7.02 years

Without Social Security: 4.25 years

Annual expenditure: $58,765

Sean Pavone / Getty Images/iStockphotoWisconsin -

With Social Security: 7.12 years

Without Social Security: 4.29 years

Annual expenditure: $58,284

SeanPavonePhoto / Getty Images/iStockphotoSouth Carolina -

With Social Security: 7.25 years

Without Social Security: 4.34 years

Annual expenditure: $57,623

DenisTangneyJr / Getty ImagesWyoming -

With Social Security: 7.30 years

Without Social Security: 4.36 years

Annual expenditure: $57,383

Davel5957 / Getty ImagesMinnesota -

With Social Security: 7.35 years

Without Social Security: 4.38 years

Annual expenditure: $57,143

Know This: How Much Should the Average Middle-Class Baby Boomer Have in Savings?

benedek / Getty ImagesPennsylvania -

With Social Security: 7.35 years

Without Social Security: 4.38 years

Annual expenditure: $57,143

peeterv / Getty Images/iStockphotoMontana -

With Social Security: 7.38 years

Without Social Security: 4.38 years

Annual expenditure: $57,023

Mlenny / Getty ImagesIllinois -

With Social Security: 7.45 years

Without Social Security: 4.41 years

Annual expenditure: $56,722

Sean Pavone / Getty Images/iStockphotoOhio -

With Social Security: 7.47 years

Without Social Security: 4.42 years

Annual expenditure: $56,602

Sean Pavone / Getty Images/iStockphotoNew Mexico -

With Social Security: 7.60 years

Without Social Security: 4.46 years

Annual expenditure: $56,061

Read More: I'm Retired and Regret Not Claiming Social Security at 65 — Here's Why

Davel5957 / Getty Images/iStockphotoNebraska -

With Social Security: 7.62 years

Without Social Security: 4.47 years

Annual expenditure: $55,941

Davel5957 / Getty Images/iStockphotoKentucky -

With Social Security: 7.64 years

Without Social Security: 4.47 years

Annual expenditure: $55,881

f11photo / Shutterstock.comTexas -

With Social Security: 7.68 years

Without Social Security: 4.49 years

Annual expenditure: $55,701

Sean Pavone / Shutterstock.comLouisiana -

With Social Security: 7.75 years

Without Social Security: 4.51 years

Annual expenditure: $55,400

DenisTangneyJr / Getty ImagesSouth Dakota -

With Social Security: 7.75 years

Without Social Security: 4.51 years

Annual expenditure: $55,400

Learn More: Cutting Out These 9 Expenses Will Save Retirees Over $29,000 a Year

DenisTangneyJr / Getty ImagesNorth Dakota -

With Social Security: 7.80 years

Without Social Security: 4.53 years

Annual expenditure: $55,220

Sean Pavone / Getty Images/iStockphotoGeorgia -

With Social Security: 7.88 years

Without Social Security: 4.56 years

Annual expenditure: $54,859

DenisTangneyJr / Getty Images/iStockphotoIndiana -

With Social Security: 8.01 years

Without Social Security: 4.60 years

Annual expenditure: $54,379

SeanPavonePhoto / Getty Images/iStockphotoTennessee -

With Social Security: 8.01 years

Without Social Security: 4.60 years

Annual expenditure: $54,379

Sean Pavone / Getty Images/iStockphotoMichigan -

With Social Security: 8.02 years

Without Social Security: 4.60 years

Annual expenditure: $54,319

Also See: How To Protect Your 401(k) From a Stock Market Crash

traveler1116 / Getty Images/iStockphotoIowa -

With Social Security: 8.13 years

Without Social Security: 4.64 years

Annual expenditure: $53,898

shuttersv / Shutterstock.comArkansas -

With Social Security: 8.29 years

Without Social Security: 4.69 years

Annual expenditure: $53,297

f11photo / Getty Images/iStockphotoMissouri -

With Social Security: 8.29 years

Without Social Security: 4.69 years

Annual expenditure: $53,297

Sean Pavone / Getty Images/iStockphotoAlabama -

With Social Security: 8.41 years

Without Social Security: 4.73 years

Annual expenditure: $52,877

JayL / Shutterstock.comMississippi -

With Social Security: 8.43 years

Without Social Security: 4.73 years

Annual expenditure: $52,816

Sean Pavone / Getty Images/iStockphotoKansas -

With Social Security: 8.58 years

Without Social Security: 4.78 years

Annual expenditure: $52,276

DenisTangneyJr / Getty ImagesOklahoma -

With Social Security: 8.82 years

Without Social Security: 4.85 years

Annual expenditure: $51,495

Sean Pavone / Getty Images/iStockphotoWest Virginia -

With Social Security: 9.13 years

Without Social Security: 4.95 years

Annual expenditure: $50,533

Methodology: In order to find how long $250,000 will last across the country with AND without Social Security, GOBankingRates first found (1) the national average annual expenditures for people 65 and older, sourced from the Bureau of Labor Statistics' 2023 Consumer Expenditure Survey data and (2) annual Social Security income as sourced from the Social Security Administration's January 2025 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 from the Missouri Economic Research and Information Center. Finally, GOBankingRates found (3) how many years $250,000 will last in each state by dividing $250,000 by each state's average annual expenditures estimate and its annual expenditures estimate minus yearly Social Security income. All data was collected on and is up to date as of March 17, 2025.

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This article originally appeared on GOBankingRates.com: How Long $250K Will Last in Retirement in Each State

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