Seniorly Study Flags New York’s $448,000 Retiree Savings Gap as Washington Leads With $146,000 Surplus
Updated
Updated · FinanceBuzz · Aug 17
Seniorly Study Flags New York’s $448,000 Retiree Savings Gap as Washington Leads With $146,000 Surplus
3 articles · Updated · FinanceBuzz · Aug 17
Summary
New York retirees face the nation’s biggest projected savings shortfall at $448,000, while Washington seniors are expected to finish retirement with a $146,000 surplus, according to a Seniorly.com state-by-state study.
The analysis used CDC, Social Security Administration and Census data to compare a typical 65-year-old’s projected retirement income, living costs and life expectancy.
Only nine states landed on the surplus side: Washington, Utah, Montana, Colorado, Iowa, Minnesota, Maryland, Kansas and South Carolina—the last with just a $2,000 cushion.
High-cost states dominated the deepest deficits, with Hawaii at $417,000, Washington, D.C. at $407,000, Alaska at $342,000 and California at $337,000 behind New York.
Seniorly said the widest gaps emerge where living costs overwhelm retirement income, underscoring how location can shape whether savings last 20 years or more.