16 States Where $1 Million in Retirement Savings Lasts You 50+ Years

Many people are floored when they discover how much retirement can cost. Even with Social Security benefits and $1 million, retirees in 33 states would run out of money in less than 50 years. Fortunately, a simple relocation can help you maximize your retirement savings.

Discover the 16 states where you can make $1 million plus Social Security benefits last for at least five decades. For some, this means early retirement. For others, it means not worrying about financial security. The benefits are many, so it may be time to consider a move.

$1 million will last: 50.16 years

Illinois falls just under the half-century mark. It has affordable small towns, top-notch health care, and access to both urban excitement and rural peace. 

Cities like Springfield provide immense culture, but retirees can also relax by scenic lakes. Housing is affordable in the suburbs of Chicago, leaving city noise and commotion behind.

$1 million will last: 52.61 years

While North Dakota boasts one of the nation's lowest costs of living, it also offers plenty for retirees to enjoy. Quiet towns, low crime, and tight-knit communities appeal to those who want peaceful surroundings in their retirement. 

You'll also have access to nature, a boon for many folks in their golden years. Social Security goes a long way in this frugal state.

$1 million will last: 52.70 years

Rich in history and natural beauty, Pennsylvania manages to blend affordability with convenience. Housing and health care are reasonably priced. This is particularly true in rural and suburban areas. 

The state's parks, historic sites, and four-season charm make it ideal for retirees seeking culture and outdoor experiences while maintaining a modest budget.

$1 million will last: 55.03 years

If you're looking for low housing costs, quiet living, and strong community values, Nebraska might be the way to go. Its small-town charm and open spaces are appealing for many reasons. 

However, there are also big city amenities in nearby Lincoln and Omaha. With quality health care and a high life expectancy, you'll need your savings to keep up with you.

$1 million will last: 59.43 years

Affordable housing and accessible health care make Indiana a great choice for retirees. You'll find culture, comfort, and calm in cities like Fort Wayne and Bloomington. 

Nature lovers will also enjoy the many lakes and trails. Even better, the low cost of living means $1 million can go the distance during retirement.

$1 million will last: 60.38 years

Michigan offers the Great Lakes, beautiful forests, and charming towns. This means endless recreation for those who choose to retire in the state. 

Cities like Grand Rapids offer cultural perks without typical city-living prices. In most areas of the state, $1 million and Social Security will last longer than anyone should rightfully need them.

$1 million will last: 60.96 years

Once again, it's the low cost of living that attracts many people to Missouri. However, moving here also offers tax-friendly retirement benefits. 

These advantages are in addition to Ozark hiking trails and vibrant city life in St. Louis or Kansas City. A seamless blend of charm and affordability makes Missouri perfect for retirement.

$1 million will last: 62.12 years

Ohio offers a balance of affordability, access to health care, and a high quality of life. This makes it incredibly appealing to retirees. 

Smaller towns and mid-sized cities (e.g., Dayton and Toledo) have low housing costs in addition to lots of recreation. $1 million goes a long way, particularly for those who enjoy a tight-knit community and seasonal changes.

$1 million will last: 65.29 years

A combination of quiet living, wide open spaces, and very low living costs places Kansas near the top of this list. Towns like Hutchinson and Salina are peaceful and affordable. Health care access is also strong. 

These obvious advantages make Kansas a simple and budget-friendly place for those who want to save money during retirement.

$1 million will last: 65.97 years

Retirees in Iowa know that the state stands out for safety and low housing costs. This means you can enjoy a relaxed pace of life in friendly towns like Cedar Rapids or Dubuque. 

Even better, groceries, utilities, and insurance rates are among the lowest in America. This means your money will stretch comfortably far.

$1 million will last: 67.23 years

Mild winters, low property taxes, and a low cost of living make Alabama an incredibly attractive place to retire. Coastal towns like those along the Gulf Shores offer beautiful ocean views without Florida prices. 

Also, your Social Security isn't taxed here. You can retire in comfort without sacrificing scenery or savings.

$1 million will last: 69.17 years

Kentucky has more than horse racing. Retirees will also find scenic countryside, affordable housing, and a healthy dose of Southern charm. 

Cities like Lexington and Bowling Green offer cultural amenities for those who want a break from serene landscapes. The state is also tax-friendly, so $1 million goes incredibly far in this state.

$1 million will last: 71.18 years

The low housing costs and relaxed lifestyle of Oklahoma allow retirees to live comfortably for decades. From quiet prairie towns to Tulsa's arts scene, there's something for everyone to enjoy. 

You'll also benefit from a light tax burden and affordable utilities, so it's a smart option for anyone watching their retirement dollars.

$1 million will last: 76.54 years

Rich in culture and low in living costs, Louisiana lets retirees enjoy their lives while sticking to a budget. New Orleans offers vibrant music, entertainment, and everything else you can imagine. 

Conversely, small towns offer peace and affordability. Add in the warm winters, and you've got a state where $1 million will go far.

$1 million will last: 76.93 years

Arkansas combines natural beauty with small-town affordability. Retirees love the Ozarks, hot springs, and access to housing. The state also doesn't tax Social Security benefits, so more money will stay in your pocket. 

Whether you want outdoor adventure or a quiet life, Arkansas is an affordable place to access both.

$1 million will last: 88.79 years

At the top of our list is West Virginia. This beautiful state offers stunning landscapes, low housing prices, and a peaceful pace that attracts retirees from across America. 

The cost of living is the lowest in the nation. Combine this with hiking, fishing, and folk festivals, and you've got an affordable, enriching retirement waiting for you.

A full 75% of Americans think they have enough retirement savings. Unfortunately, many face a harsh reality when their money runs out. Location can make a real difference, and choosing the right one to live in during retirement can help you lower your financial stress.

Each of these states offers more than longevity; they have a high quality of life through scenic settings, small-town charm, and vibrant city amenities. The important thing to remember is that where you retire matters just as much as how much you save.