Updated
Updated · Newsweek · Aug 13
Alaska Retirees Keep $286,000 by Age 79 as Indiana Households Retain Just $84,747
Updated
Updated · Newsweek · Aug 13

Alaska Retirees Keep $286,000 by Age 79 as Indiana Households Retain Just $84,747

1 articles · Updated · Newsweek · Aug 13

Summary

  • IntegraCredit’s 13-year model found Alaska retirees end up with $286,000 at age 79, ahead of Maryland at $282,217 and Virginia at $276,679, while Indiana ranked last at $84,747.
  • Retirement income drove most of the gap: Alaska households averaged $36,023 a year versus $20,542 in Indiana, and the study used the same $524,682 spending assumption across all states.
  • Nationally, a typical household starts retirement at 67 with $342,383 in net worth and $27,617 in annual income, then retains about $176,722 by age 79 after estimated spending of $524,682.
  • Longevity raises the risk of running short, with U.S. life expectancy hitting 79 in 2024; under the model, average savings turn into a $5,089 deficit by age 98 and $24,227 by age 100.
  • Advisers cited income, taxes and planning flexibility as key variables, while warning the rankings do not reflect state-by-state living costs and should not be read as a simple guide to the cheapest places to retire.

Insights

Could moving to a state with lower living costs actually drain your retirement savings faster than staying in an expensive area?
What hidden state taxes are silently draining your retirement wealth and threatening your financial survival if you live past 90?