MoneyLion Puts Comfortable Retirement Income at $64,504 in Hawaii and $40,627 in West Virginia
Updated
Updated · Fox Business · Oct 27
MoneyLion Puts Comfortable Retirement Income at $64,504 in Hawaii and $40,627 in West Virginia
3 articles · Updated · Fox Business · Oct 27
Summary
MoneyLion’s state-by-state analysis found a single adult would need $40,627 to retire comfortably in West Virginia and $64,504 in Hawaii, with California at $63,402 and Massachusetts at $63,610.
The estimates use the MIT Living Wage Calculator and come as persistent inflation and rising day-to-day costs pressure retirees’ budgets across the country.
Social Security alone falls well short of those targets in many states: the average annual benefit was $24,852 in January 2026, based on a monthly average of $2,071.
That gap underscores why retirees often need multiple income streams, including 401(k)s, IRAs, pensions and annuities, to cover living costs.