Many individuals take into account roughly $1.5 million the “magic number” for retirement financial savings, based on a Northwestern Mutual survey of 4,588 People. However how lengthy that a lot cash lasts depends upon the place you reside. Along with Social Safety funds, $1.5 million would final a family simply 17 years in Hawaii, doubtless falling wanting a full retirement for somebody leaving the workforce at 65, based on a brand new GOBankingRates evaluation. In distinction, retirees in West Virginia might stretch the identical quantity for 54 years — the longest of any state. GOBankingRates based mostly its evaluation on…
