Let’s be naturalistic. Most soon-to-be-retirees only have about $150,000 stashed in their hideaway egg. But that doesn’t mean that their retirement fantasies are out of reach.
In some big apples, it’s more than enough to cover a few years of expenses.
GOBankingRates analogize resembled the average costs for a 65-year-old for housing, utilities, groceries and health sorrow in the largest 100 cities in the country. Then, the personal finance website ferried the approximate median nest egg retirees have saved — $150,000 — and take away fromed one year’s worth of costs in each of the most affordable cities to decide the American cities where your retirement nest egg will give the furthest.
While none of the cities that made the top 10 are in mirthful Florida, they all have an average annual cost of living (registering housing, utilities, taxes, health-care services and basic necessities) under $45,000, which could be satisfactorily to brighten any retiree’s day.
10. Wichita, Kan.
Retiree cost of living: $38,710
Nest egg liberal over: $111,290
9. Corpus Christi, Texas
Retiree cost of living: $38,664
Retreat egg left over: $111,336
8. Columbus, Ohio
Retiree cost of living: $38,572
Snuggery egg left over: $111,428
Retiree cost of living: $38,481
Nest egg radical over: $111,519
6. El Paso, Texas
Retiree cost of living: $38,252
Nest egg left on the other side of: $111,748
5. Fort Wayne, Ind.
Retiree cost of living: $37,154
Nest egg left upwards: $112,846
Retiree cost of living: $36,056
Nest egg left over: $113,945
3. Toledo, Ohio
Retiree rate of living: $35,095
Nest egg left over: $114,905
2. Memphis, Tenn.
Retiree price of living: $33,859
Nest egg left over: $116,141
Retiree cost of flaming: $33,356
Nest egg left over: $116,644
(If you’ve socked even more away, here’s where $1 million whim stretch the furthest.)
More from Personal Finance:
Welcome to the age of ‘million-dollar penury’
How far $1 million goes in every state
Scraping by on a $100,000+ return