How Long $250,000 Will Last in Retirement in Each State

The amount you need in retirement depends on numerous factors, including where you live and what sort of expenses you have.

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Some people have a lot of money in their golden years — thanks to pensions or well-aimed retirement investments — but many more have to scrape by. The median retirement savings balance is around $200,000 in 2025, according to the Federal Reserve’s Survey of Consumer Finance.

To help you plan for your retirement, GOBankingRates set out to find out how long $250,000 will last in every state — both with and without Social Security (average annual Social Security across America is $23,150).

Using data from the Bureau of Labor Statistics 2023 Consumer Expenditure Survey and the Social Security Administration’s January 2025 data, GOBankingRates looked at the average annual cost of groceries, housing, utilities, transportation and healthcare for people 65 and older in every state.

Take a look at how long $250,000 will last in every state, ranked from the shortest amount of time to the longest.

Hawaii

• With Social Security: 2.8 years

• Without Social Security: 2.23 years

• Annual expenditure: $112,303

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Massachusetts

• With Social Security: 3.87 years

• Without Social Security: 2.85 years

• Annual expenditure: $87,667

See More: How Far $750,000 in Retirement Savings Plus Social Security Goes in Every State

California

• With Social Security: 3.92 years

• Without Social Security: 2.87 years

• Annual expenditure: $87,006

Alaska

• With Social Security: 4.88 years

• Without Social Security: 3.36 years

• Annual expenditure: $74,388

New York

• With Social Security: 4.91years

• Without Social Security: 3.37 years

• Annual expenditure: $74,087

Maryland

• With Social Security: 5.42 years

• Without Social Security: 3.61 years

• Annual expenditure: $69,280

New Jersey

• With Social Security: 5.47 years

• Without Social Security: 3.63 years

• Annual expenditure: $68,860

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Vermont

• With Social Security: 5.48 years

• Without Social Security: 3.64 years

• Annual expenditure: $68,740

Washington

• With Social Security: 5.50 years

• Without Social Security: 3.64 years

• Annual expenditure: $68,619

New Hampshire

• With Social Security: 5.62 years

• Without Social Security: 3.70 years

• Annual expenditure: $67,658

Connecticut

• With Social Security: 5.64 years

• Without Social Security: 3.70 years

• Annual expenditure: $67,478

Rhode Island

• With Social Security: 5.65 years

• Without Social Security: 3.71 years

• Annual expenditure: $67,418

Discover More: Here’s the Cost of Living in Every State

Maine

• With Social Security: 5.66 years

• Without Social Security: 3.71 years

• Annual expenditure: $67,358

Oregon

• With Social Security: 5.66 years

• Without Social Security: 3.71 years

• Annual expenditure: $67,297

Arizona

• With Social Security: 5.70 years

• Without Social Security: 3.73 years

• Annual expenditure: $66,997

Utah

• With Social Security: 6.27 years

• Without Social Security: 3.97 years

• Annual expenditure: $63,031

Florida

• With Social Security: 6.47 years

• Without Social Security: 4.05 years

• Annual expenditure: $61,769

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Colorado

• With Social Security: 6.56 years

• Without Social Security: 4.08 years

• Annual expenditure: $61,289

Idaho

• With Social Security: 6.56 years

• Without Social Security: 4.08 years

• Annual expenditure: $61,289

Nevada

• With Social Security: 6.63 years

• Without Social Security: 4.11 years

• Annual expenditure: $60,868

Delaware

• With Social Security: 6.68 years

• Without Social Security: 4.13 years

• Annual expenditure: $60,568

Virginia

• With Social Security: 6.69 years

• Without Social Security: 4.13 years

• Annual expenditure: $60,508

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North Carolina

• With Social Security: 7.02 years

• Without Social Security: 4.25 years

• Annual expenditure: $58,765

Wisconsin

• With Social Security: 7.12 years

• Without Social Security: 4.29 years

• Annual expenditure: $58,284

South Carolina

• With Social Security: 7.25 years

• Without Social Security: 4.34 years

• Annual expenditure: $57,623

Wyoming

• With Social Security: 7.30 years

• Without Social Security: 4.36 years

• Annual expenditure: $57,383

Minnesota

• With Social Security: 7.35 years

• Without Social Security: 4.38 years

• Annual expenditure: $57,143

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Pennsylvania

• With Social Security: 7.35 years

• Without Social Security: 4.38 years

• Annual expenditure: $57,143

Montana

• With Social Security: 7.38 years

• Without Social Security: 4.38 years

• Annual expenditure: $57,023

Illinois

• With Social Security: 7.45 years

• Without Social Security: 4.41 years

• Annual expenditure: $56,722

Ohio

• With Social Security: 7.47 years

• Without Social Security: 4.42 years

• Annual expenditure: $56,602

New Mexico

• With Social Security: 7.60 years

• Without Social Security: 4.46 years

• Annual expenditure: $56,061

Read More: I’m Retired and Regret Not Claiming Social Security at 65 — Here’s Why

Nebraska

• With Social Security: 7.62 years

• Without Social Security: 4.47 years

• Annual expenditure: $55,941

Kentucky

• With Social Security: 7.64 years

• Without Social Security: 4.47 years

• Annual expenditure: $55,881

Texas

• With Social Security: 7.68 years

• Without Social Security: 4.49 years

• Annual expenditure: $55,701

Louisiana

• With Social Security: 7.75 years

• Without Social Security: 4.51 years

• Annual expenditure: $55,400

South Dakota

• With Social Security: 7.75 years

• Without Social Security: 4.51 years

• Annual expenditure: $55,400

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North Dakota

• With Social Security: 7.80 years

• Without Social Security: 4.53 years

• Annual expenditure: $55,220

Georgia

• With Social Security: 7.88 years

• Without Social Security: 4.56 years

• Annual expenditure: $54,859

Indiana

• With Social Security: 8.01 years

• Without Social Security: 4.60 years

• Annual expenditure: $54,379

Tennessee

• With Social Security: 8.01 years

• Without Social Security: 4.60 years

• Annual expenditure: $54,379

Michigan

• With Social Security: 8.02 years

• Without Social Security: 4.60 years

• Annual expenditure: $54,319

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Iowa

• With Social Security: 8.13 years

• Without Social Security: 4.64 years

• Annual expenditure: $53,898

Arkansas

• With Social Security: 8.29 years

• Without Social Security: 4.69 years

• Annual expenditure: $53,297

Missouri

• With Social Security: 8.29 years

• Without Social Security: 4.69 years

• Annual expenditure: $53,297

Alabama

• With Social Security: 8.41 years

• Without Social Security: 4.73 years

• Annual expenditure: $52,877

Mississippi

• With Social Security: 8.43 years

• Without Social Security: 4.73 years

• Annual expenditure: $52,816

Kansas

• With Social Security: 8.58 years

• Without Social Security: 4.78 years

• Annual expenditure: $52,276

Oklahoma

• With Social Security: 8.82 years

• Without Social Security: 4.85 years

• Annual expenditure: $51,495

West Virginia

• With Social Security: 9.13 years

• Without Social Security: 4.95 years

• Annual expenditure: $50,533

Methodology: In order to find how long $250,000 will last across the country with AND without Social Security, GOBankingRates first found (1) the national average annual expenditures for people 65 and older, sourced from the Bureau of Labor Statistics’ 2023 Consumer Expenditure Survey data and (2) annual Social Security income as sourced from the Social Security Administration’s January 2025 data. Then, GOBankingRates created (2) state-level annual expenditure estimates by multiplying the national figure by each state’s overall cost-of-living index score for 2024 from the Missouri Economic Research and Information Center. Finally, GOBankingRates found (3) how many years $250,000 will last in each state by dividing $250,000 by each state’s average annual expenditures estimate and its annual expenditures estimate minus yearly Social Security income. All data was collected on and is up to date as of March 17, 2025.

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This article originally appeared on GOBankingRates.com: How Long $250,000 Will Last in Retirement in Each State