Many Americans can only dream of investing $1.5 million to supplement their Social Security benefits — and even that much may not guarantee lifelong financial security, depending on where you live.
A new GOBankingRates analysis highlights how costs vary dramatically across the country. In the most expensive state, a $1.5 million retirement fund will be depleted almost three times faster than in the least expensive state.
To calculate how long $1.5 million could last in each state, GOBankingRates blended data from the Bureau of Labor Statistics, the Social Security Administration and the Missouri Center for Economic Research and Information.
Also see how long $1 million will last.