The $1 million figure is thrown around by AARP and others as the amount of savings needed to replace between 70 percent and 80 percent of a person’s work income. Of course, there are many variables that come with that number- like how long you live and inflation- to name a couple.
In Minnesota, they predict $1 Million in retirement savings will last 22 years, 6 months.
Here are the five states where GOBankingRates says it will last the longest:
Mississippi (26 years, 4 months)
Arkansas (25 years, 6 months)
Oklahoma (25 years, 2 months)
Michigan (25 years)
Tennessee (25 years)
And the seven states where it will disappear the fastest:
Hawaii (11 years, 11 months)
California (16 years, 5 months)
Alaska (17 years)
New York (17 years, 1 month)
Connecticut (17 years, 4 months)
Maryland (17 years, 4 months)
Massachusetts (17 years, 4 months)
Click here to read more. Huffington Post
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