Average 65-Year-Olds Face $109,000 Retirement Gap in 41 States
Updated
Updated · Benzinga · Aug 16
Average 65-Year-Olds Face $109,000 Retirement Gap in 41 States
1 articles · Updated · Benzinga · Aug 16
Summary
$109,000 is the average projected gap for 65-year-olds between retirement income and spending on necessities over a typical retirement, with retirees in 41 states expected to run short.
CareScout’s state-by-state analysis shows location is a major driver because housing, healthcare, groceries and other living costs can sharply change how long savings last.
New York posts the largest projected shortfall at $471,000, while Washington shows the biggest cushion at $276,000, underscoring how the same portfolio can produce very different outcomes by state.
Some states shifted from projected deficits to surpluses in just the past year, suggesting retirement plans may need scenario testing on relocation, aging-related spending and higher healthcare or long-term care costs.