How much do you need to retire? Depending on where you live and when you decide to retire, it's basically a small fortune.
In a recently released study, GOBankingRates reviewed data to determine how much you'd need to comfortably retire in every state.
Data revealed that in 16 states, you would need at least $1 million to fund 25 years of retirement.
In Hawaii, the minimum retirement savings is even higher at more than $2 million, making it the most expensive state to retire.
Massachusetts has the second-highest minimum requirement at $1.6 million, while California rounds out the top three most expensive states at $1.4 million.
Other states requiring at least $1 million are New York, Alaska, Washington, New Hampshire, Vermont, Maryland, Oregon, Connecticut, Rhode Island, Maine, New Jersey, Arizona, and Colorado.
On the other end of the scale is West Virginia, where you'd need just over $692,354 to support a 25-year retirement. It's the only state with an amount below $700,000, making it the most affordable state to retire.
Mississippi has the second-lowest minimum requirement at $714,036, while Oklahoma rounds out the top three most affordable states at $715,481.
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Savings You Need to Support a 25-Year Retirement
1. Hawaii - $2.05 million
2. Massachusetts - $1.6 million
3. California - $1.43 million
4. New York - $1.28 million
5. Alaska - $1.28 million
6. Washington - $1.13 million
7. New Hampshire - $1.13 million
8. Vermont - $1.12 million
9. Maryland - $1.12 million
10. Oregon - $1.11 million
11. Connecticut - $1.1 million
12. Rhode Island - $1.07 million
13. Maine - $1.06 million
14. New Jersey - $1.05 million
15. Arizona - $1.05 million
16. Colorado - $1 million
17. Delaware - $971,844
18. Utah - $971,326
19. Montana - $951,089
20. Virginia - $926,517
21. Nevada - $922,180
22. Florida - $920,735
23. Idaho - $891,826
24. Wisconsin - $839,790
25. Pennsylvania - $831,117
26. Minnesota - $825,335
27. North Dakota - $823,890
28. South Carolina - $823,890
29. New Mexico - $818,108
30. North Carolina - $815,353
31. Wyoming - $807,990
32. Kentucky - $807,990
33. Texas - $805,099
34. Ohio - $793,535
35. South Dakota - $787,754
36. Illinois - $787,754
37. Indiana - $777,635
38. Nebraska - $776,190
39. Michigan - $776,190
40. Georgia - $774,745
41. Louisiana - $771,854
42. Tennessee - $767,517
43. Iowa - $760,290
44. Arkansas - $740,054
45. Missouri - $737,163
46. Alabama - $735,717
47. Kansas - $724,154
48. Oklahoma - $715,481
49. Mississippi - $714,036
50. West Virginia - $692,354
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