With low costs of living and three major cities to choose from, Ohio is a great place to stretch your retirement dollars over 20 years.
Time $1 million would last: 21 years and 11 months
Total cost of living for one year: $32,995
Nebraska offers low costs of living, and affordable housing makes it a very attractive option.
Time $1 million would last: 22 years and 11 months
Total cost of living for one year: $37,862
Affordable housing in Iowa makes it a very attractive option for retirees.
Time $1 million would last: 21 years and 1 month
Total cost of living for one year: $33,862
Indiana's low costs of living will help retirees live comfortably for 20 years. According to GOBankingRates' data, housing costs come out to just about $12,280 per year.
Time $1 million would last: 22 years and 1 month
Total cost of living for one year: $33,048
In Alabama, affordable living costs helps $1 million stretch pretty far. A warm climate and many beaches on the Gulf Coast make it a good alternative to Florida for those looking to live affordably.
Time $1 million would last: 22 years and 3 months
Total cost of living for one year: $31,966
While many states in the west have higher costs of living, Wyoming has managed to hold onto its affordability.
Time $1 million would last: 22 years and 3 months
Total cost of living for one year: $32,584
Georgia residents will find low costs of living and mild winters to be nice perks.
Time $1 million would last: 22 years and 3 months
Total cost of living for one year: $33,069
Kansas' housing costs are very affordable, and it makes it very easy to live over 20 years comfortably on $1 million.
Time $1 million would last: 22 years and 4 months
Total cost of living for one year: $32,925
Michigan offers lots of rural communities and small towns that are perfect for retirees. And with such low costs of living, $1 million can last a long time.
Time $1 million would last: 22 years and 4 months
Total cost of living for one year: $32,724
With an abundance of mountains and urban areas, Tennessee offers residents a variety of lifestyles while still being affordable.
Time $1 million would last: 22 years and 5 months
Total cost of living for one year: $32,724
With lower costs of living, New Mexico retirees will have plenty of leftover funds to spend on leisure activities.
Time $1 million would last: 22 years and 9 months
Total cost of living for one year: $33,324
Missouri's low costs of living and second-lowest housing costs on this list make it a very affordable place to retire.
Time $1 million would last: 22 years and 10 months
Total cost of living for one year: $31,877
Oklahoma is the third best state for making retirement dollars last — with some of the lowest overall costs in the US, retirees can get a lot of time with the $1 million they have saved.
Time $1 million would last: 22 years and 10 months
Total cost of living for one year: $31,814
Arkansas boasts both the Ozarks and many natural hot springs, and it might just be ideal for retirees on a budget with such low costs of living.
Time $1 million would last: 22 years and 10 months
Total cost of living for one year: $30,960
Mississippi offers the lowest housing costs in the US. In Mississippi, $1 million will last over twice as long as it would in the most expensive state, Hawaii, where the same amount would last just 10 years.
Time $1 million would last: 23 years and 1 month
Total cost of living for one year: $31,039
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