Many Americans target $1 million as their "dream nest egg" for retirement, but the truth is that in many states, even $750,000 can be more than enough. Although your longevity and your lifestyle can.
If you're looking to move after retirement, cost-of-living can heavily factor into your choice. People often look for states with lower taxes and less expensive real estate, while salaries may not.
If you're planning on retiring early, you'll likely need to live in a city where your money will last 40 years or more. And unless you're a multimillionaire, you'll need to find a city that has low.
The cost of elderly care is downright frightening. From home healthcare to assisted-living facilities and nursing homes, it is not cheap and it could make a large dent in your retirement savings..
For many Americans, retirement savings are coming up short. While financial advisors and commentators often recommend investors shoot for a nest egg of at least $1 million, there's not a single state.