12. Louisiana.

In Louisiana, retirees hope their lives will be part of the Big Easy when they knock off work at an average age of 62. 

And it might, if they’ve managed to set aside accounts worth $777,000 to see them through. (All photos: Shutterstock)

11. Ohio.

Tied with Louisiana in requiring an average retirement fund of $777,000 for a comfortable retirement, Ohio sees folks exit the working world at an average age of 63.

10. Missouri.

On average, Missouri retirees exit the workplace at the age of 63. 

One hopes that they’ve already managed to save up the average nest egg of $771,000 that HowMuch says they need to see them comfortably through retirement.

9. Texas.

The average age for retirement in Texas is 65, while the average retirement fund ought to amount to at least $765,000. 

Whether the latter actually happens remains to be seen.

8. South Dakota.

A nest egg of $738,000 is what folks should bring to a South Dakota retirement—where they retire at an average retirement age of 66, which is a tad older than the average elsewhere.


7. Kentucky.

In Kentucky, people generally forsake the workplace around the age of 62. 

And the size of their retirement fund (tied with South Dakota) should average $738,000 to ensure they stay comfortable throughout their retirement.

6. Kansas.

The average retiree in Kansas sticks it out to the usual retirement age of 65, and hopefully has managed to set aside at least $733,000 to pay their way for the rest of their lives.

5. Arkansas.

Knocking off work at 62 years of age offers a few more years to enjoy the sound of silence instead of the sound of the alarm clock. 

And you can do it in Arkansas assuming you’ve managed to save up an average of $728,000.

4. Oklahoma.

Early retirement at 62 sounds good to a lot of folks in Oklahoma, where a retirement fund of $724,000 should see you through the rest of your years—barring catastrophe, of course.

3. Alabama.

If you’ve hit the ripe old age of 62 and just can’t bear the thought of another commute, you might be ready to retire in Alabama, where you’ll only need $713,000 to kick your shoes off and wiggle your toes in the water.


2. Tennessee.

Whether or not you plan to spend your golden years at Graceland, or sipping a Jack Daniel’s on your front porch, you’ll need an average of $661,000 to be comfortable in the Volunteer State. 

People generally hit the retirement button here at the age of 64.

1. Mississippi.

With the average retirement age of 63, workers will need an average of just $618,000 to have a comfortable retirement in the Magnolia State.

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If you’re one of the majority of Americans who struggle with retirement saving, and your target balance just seems completely unattainable, you might consider retiring to a cheaper state.

Website HowMuch has looked at the dilemma, and calculated a “comfortable” retirement savings balance for all 50 states.

Of course, there are lots of factors that go into a comfortable retirement: the age at which a person leaves the workplace, the amount of money saved, the cost of living in the state of residence, and lots more besides.

While the Bureau of Labor Statistics 2018 Consumer Expenditure Survey provided costs for people who retired at the usual age of 65, the element of “comfort” required the addition of a 20 percent cushion above that—plus a number of other calculations.

The results ranked all 50 states, from the most expensive to the cheapest for a comfortable retirement.

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