For years, $1 million was considered the gold standard for retirement savings. But is it really enough? In this episode, Lee and Ben explore just how far that million-dollar nest egg can take you in retirement, depending on where you live.
Recent studies reveal a stark reality: in some states, $1 million could last a lifetime, while in others, it may barely cover 15 years. But geography isn’t the only factor. Spending habits, debt, and lifestyle choices all play a crucial role in determining whether your savings will truly sustain you.
Here’s what we discuss in today’s show:
💰 How long $1 million lasts in retirement across different states
💳 The biggest factors that impact your retirement savings beyond location
🧩 Why retirement planning is not one-size-fits-all
🌴🏖️ How to determine if your nest egg is truly enough for the retirement you envision
Resources for this episode:
📌https://www.gobankingrates.com/retirement/planning/how-long-million-last-retirement-state/
Want to set up a meeting with us? Visit us here: http://talkwithjp.com
Get more financial education at http://myretirementclarity.com
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