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The 15 states where $1 million in retirement savings won't last for 2 decades

15. Nevada

15. Nevada

Your retirement savings won't stretch to two decades in Nevada. Higher costs for housing, transportation, and healthcare make retirement dollars fall short.

Time $1 million would last: 18 years and 4 months

Total cost of living for one year: $43,421

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14. New Hampshire

14. New Hampshire

New Hampshire may have no income or sales tax, but that doesn't mean that you won't have other considerable expenses.

Time $1 million would last: 18 years and 1 month

Total cost of living for one year: $42,290

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13. Washington

13. Washington

Washington isn't a particularly affordable state, and retirees might find that their $1 million doesn't last as long as they thought it would.

Time $1 million would last: 17 years and 11 months

Total cost of living for one year: $43,505

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12. Vermont

12. Vermont

With housing costs reaching over $20,000 per year, Vermont isn't particularly friendly to retiree budgets.

Time $1 million would last: 18 years and 1 month

Total cost of living for one year: $44,985

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11. Maine

11. Maine

Maine isn't particularly budget-friendly — though it has slightly lower housing costs than Vermont, higher overall costs of living make up for it.

Time $1 million would last: 16 years and 11 months

Total cost of living for one year: $45,575

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10. Rhode Island

10. Rhode Island

Rhode Island's housing costs are close to Vermont's, breaking the $20,000 per year mark. Combine that with other higher-than-average costs of living, and Rhode Island can be rather expensive.

Time $1 million would last: 16 years and 8 months

Total cost of living for one year: $46,194

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9. New Jersey

9. New Jersey

New Jersey isn't exactly kind to wallets — high costs of living make it an expensive state for anyone, let alone retirees.

Time $1 million would last: 15 years and 11 months

Total cost of living for one year: $49,335

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8. Connecticut

8. Connecticut

New England isn't a cheap region for retirees, and Connecticut is no exception.

Time $1 million would last: 15 years and 7 months

Total cost of living for one year: $48,468

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7. Maryland

7. Maryland

Maryland is the first state on the list to cost over $50,000 per year in living expenses. Housing in Maryland alone is estimated at somewhere near $30,000 per year.

Time $1 million would last: 15 years and 4 months

Total cost of living for one year: $52,503

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6. Alaska

6. Alaska

Far away from the mainland US, Alaska's costs of living are higher than many states.

Time $1 million would last: 15 years and 3 months

Total cost of living for one year: $52,616

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5. Massachusetts

5. Massachusetts

Massachusetts is the most expensive of the New England states. Residents can expect to see high costs across the board, and this state has some of the highest costs for healthcare.

Time $1 million would last: 15 years and 1 month

Total cost of living for one year: $52,404

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4. Oregon

4. Oregon

Oregon beats out all of the New England states, mostly because only three states on this list have higher housing costs.

Time $1 million would last: 14 years and 10 months

Total cost of living for one year: $54,582

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3. New York

3. New York

In New York, housing will be the main expense, and will cost over $30,000 each year.

Time $1 million would last: 14 years and 3 months

Total cost of living for one year: $57,003

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2. California

2. California

California is home to huge cities like Los Angeles and San Francisco, but affordable living is hard to come by.

Time $1 million would last: 13 years and 1 month

Total cost of living for one year: $63,574

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1. Hawaii

1. Hawaii

With the highest costs of living all around, you'll get just a few months over a decade out of a $1 million retirement fund in Hawaii. If the Aloha State is your retirement goal, plan to save much more than your mainland retiree friends.

Time $1 million would last: 10 years and 3 months

Total cost of living for one year: $85,675

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