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GOBankingRates
GOBankingRates
Laura Beck

5 Great Places To Retire on a $3,500 Budget in the 5 Most Expensive States

QuekZongYe / Getty Images/iStockphoto

Retiring on $3,500 per month sounds impossible in America’s priciest states. Hawaii requires over $2.2 million in savings for a comfortable 25-year retirement. Massachusetts and California each need around $1.6 million.

But living on $42,000 annually isn’t completely out of reach if you make strategic choices. The key is avoiding major metro areas and finding lower-cost pockets within expensive states.

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