The amount you need in retirement depends on numerous factors, including where you live and what sort of expenses you have.
Learn About: How Far $1.5 Million in Retirement Savings Plus Social Security Goes in Every State
Find More: How Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, Too
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
Explore More: How Long $1 Million in Retirement Will Last in Every State
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
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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
Learn More: Cutting Out These 9 Expenses Will Save Retirees Over $29,000 a Year
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
Also See: How To Protect Your 401(k) From a Stock Market Crash
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
