The foundation to any long-lasting retirement is a healthy savings account, especially because Social Security is intended only to replace approximately 40% of an average American’s pre-retirement income. Augmenting your Social Security payments with a sizeable savings can extend your retirement for years, even decades — depending on the state you live in.
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To determine just how far a robust savings account of $750,000 (combined with Social Security) could last in every state, GOBankingRates cross-referenced the national average annual expenditures for people 65 and older with the annual Social Security income of the average American. GOBankingRates then created state-level annual expenditure estimates and contrasted those numbers against a savings amount of $750,000.
From that matrix, GOBankingRates was able to assess how far Social Security plus $750,000 could go toward retirement in every state, organized from most affordable to least.
Also see how far $1 million and Social Security lasts around America.
Key Findings
- Six states share ties: Iowa and Tennessee, Georgia and South Dakota, and New Mexico and South Carolina are each tied with one another in terms of how long $750,000 will last.
- In one state, $750,000 won’t even last a decade: Hawaii is well known as the most expensive state in the union. Because of this, $750,000 will stretch only 8.7 years.
- Meanwhile, $750,000 can last nearly 30 years in the Sooner State: Thanks to a very low cost of living, Oklahoma can make $750,000 can last just over 27 years.
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1. Oklahoma
- Annual cost of living after Social Security: $27,649
- How many years $750,000 will last: 27.1
2. Mississippi
- Annual cost of living after Social Security: $28,3245
- How many years $750,000 will last: 26.5
3. Alabama
- Annual cost of living after Social Security: $29,799
- How many years $750,000 will last: 25.2
4. West Virginia
- Annual cost of living after Social Security: $29,922
- How many years $750,000 will last: 25.1
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5. Kansas
- Annual cost of living after Social Security: $30,413
- How many years $750,000 will last: 24.7
6. Missouri
- Annual cost of living after Social Security: $30,475
- How many years $750,000 will last: 24.6
7. Arkansas
- Annual cost of living after Social Security: $30,659
- How many years $750,000 will last: 24.5
8. Iowa (tie)
- Annual cost of living after Social Security: $31,273
- How many years $750,000 will last: 24.0
8. Tennessee (tie)
- Annual cost of living after Social Security: $31,273
- How many years $750,000 will last: 24.0
10. Indiana
- Annual cost of living after Social Security: $31,458
- How many years $750,000 will last: 23.8
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11. Texas
- Annual cost of living after Social Security: $31,581
- How many years $750,000 will last: $23.8
12. North Dakota
- Annual cost of living after Social Security: $31,888
- How many years $750,000 will last: 23.5
13. Nebraska
- Annual cost of living after Social Security: $32,072
- How many years $750,000 will last: 23.4
14. Georgia (tie)
- Annual cost of living after Social Security: $32,195
- How many years $750,000 will last: 23.3
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14. South Dakota (tie)
- Annual cost of living after Social Security: $32,195
- How many years $750,000 will last: 23.3
16. Kentucky
- Annual cost of living after Social Security: $32,256
- How many years $750,000 will last: 23.3
17. New Mexico (tie)
- Annual cost of living after Social Security: $32,625
- How many years $750,000 will last: 23.0
17. South Carolina (tie)
- Annual cost of living after Social Security: $32,625
- How many years $750,000 will last: 23.0
19. Louisiana
- Annual cost of living after Social Security: $32,748
- How many years $750,000 will last: 22.9
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20. Ohio
- Annual cost of living after Social Security: $32,809
- How many years $750,000 will last: 22.9
21. Minnesota
- Annual cost of living after Social Security: $33,669
- How many years $750,000 will last: 22.3
22. Michigan
- Annual cost of living after Social Security: $33,976
- How many years $750,000 will last: 22.1
23. Wyoming
- Annual cost of living after Social Security: $34,345
- How many years $750,000 will last: 21.8
24. Illinois
- Annual cost of living after Social Security: $34,714
- How many years $750,000 will last: 21.6
25. Pennsylvania
- Annual cost of living after Social Security: $35,451
- How many years $750,000 will last: 21.2
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26. North Carolina
- Annual cost of living after Social Security: $35,635
- How many years $750,000 will last: 21.1
27. Wisconsin
- Annual cost of living after Social Security: $35,819
- How many years $750,000 will last: 20.9
28. Nevada
- Annual cost of living after Social Security: $36,372
- How many years $750,000 will last: 20.6
29. Idaho
- Annual cost of living after Social Security: $36,618
- How many years $750,000 will last: 20.5
30. Utah
- Annual cost of living after Social Security: $36,679
- How many years $750,000 will last: 20.5
See More: How the Average Retirement Account Compares to the Top 10% of Savers
31. Florida
- Annual cost of living after Social Security: $36,925
- How many years $750,000 will last: 20.3
32. Virginia
- Annual cost of living after Social Security: $37,294
- How many years $750,000 will last: 20.1
33. Colorado
- Annual cost of living after Social Security: $38,891
- How many years $750,000 will last: 19.3
34. Delaware
- Annual cost of living after Social Security: $38,952
- How many years $750,000 will last: 19.3
35. Arizona
- Annual cost of living after Social Security: $42,638
- How many years $750,000 will last: 17.6
Also See: Here’s How Much You Need To Retire With a $100K Lifestyle
36. New Hampshire
- Annual cost of living after Social Security: $42,884
- How many years $750,000 will last: 17.5
37. Montana
- Annual cost of living after Social Security: $43,253
- How many years $750,000 will last: 17.3
38. Oregon
- Annual cost of living after Social Security: $44,481
- How many years $750,000 will last: 16.9
39. Rhode Island
- Annual cost of living after Social Security: $45,464
- How many years $750,000 will last: 16.5
40. Vermont
- Annual cost of living after Social Security: $45,649
- How many years $750,000 will last: 16.4
41. Washington
- Annual cost of living after Social Security: $45,771
- How many years $750,000 will last: 16.4
42. Connecticut
- Annual cost of living after Social Security: $45,894
- How many years $750,000 will last: 16.3
43. Maine
- Annual cost of living after Social Security: $45,956
- How many years $750,000 will last: 16.3
44. New Jersey
- Annual cost of living after Social Security: $46,201
- How many years $750,000 will last: 16.2
45. Maryland
- Annual cost of living after Social Security: $48,843
- How many years $750,000 will last: 15.4
46. New York
- Annual cost of living after Social Security: $53,573
- How many years $750,000 will last: 14.0
47. Alaska
- Annual cost of living after Social Security: $54,249
- How many years $750,000 will last: 13.8
48. California
- Annual cost of living after Social Security: $59,778
- How many years $750,000 will last: 12.6
49. Massachusetts
- Annual cost of living after Social Security: $68,440
- How many years $750,000 will last: 11.0
50. Hawaii
- Annual cost of living after Social Security: $86,194
- How many years $750,000 will last: 8.7
Methodology: In order to find how long $750,000 will last in retirement across the country, GOBankingRates first found (1) the national average annual expenditures for people 65 and older, sourced from the Bureau of Labor Statistics’ 2024 Consumer Expenditure Survey data, and (2) annual Social Security income, as sourced from the Social Security Administration’s December 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 for Q3 2025 from the Missouri Economic Research and Information Center. Finally, GOBankingRates found (3) how many years $750,000 will last in each state by dividing $750,000 by each state’s average annual expenditures estimate and its annual expenditures estimate minus yearly Social Security income. All data was collected on Jan. 22, 2026.
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This article originally appeared on GOBankingRates.com: How Far $750K Plus Social Security Goes Toward Retirement in Every State
