How Long Will $1 Million Last in Retirement?

$1 Million used to be the ultimate retirement portfolio benchmark for successful Americans. Being a millionaire brought status as well as the peace of mind of knowing that you could look forward to a comfortable retirement lifestyle with all the trimmings. Is that still true?

We ran a series of hypothetical calculations to illustrate how long an average American retiree could expect their million-dollar portfolio to last in each state. Click here to take a look...

However, these hypothetical examples leave out a lot of critical details that will impact your own retirement timeline. Here are a few:


Were you shocked by how little $1 million can last in some places? Or how long in others? It certainly illustrates what a difference cost of living can make to your finances.

Bottom line: The infographic in the link is a useful starting point. But, the personal timeline for your retirement portfolio depends on your answers to questions like:

What will your lifestyle cost each year?
How much will your portfolio grow over time?
What will inflation look like?
How much will you pay in taxes, healthcare, and other major expenses?

You need personalized answers to these questions. If you haven't gotten them already, I can help. As a financial professional, I have the tools needed to answer the big question:

Is your portfolio enough to fund your retirement? If you're not 100% sure, give my office a call to schedule a complimentary, no-strings-attached retirement readiness review.