Retirement Money Goes Farther in Mississippi

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WASHINGTON, DC (Ben Caxton) — Money magazine says that your retirement savings will go farther in Mississippi than any other state in the country. After looking at cost-of-living data and the spending habits of people 65 and over, Howmuch.net determined that with an annual cost of living of just over $39,000 a million dollar nest egg would last 25 and a half years in the Magnolia state. Arkansas came in second at 25 years followed by Tennessee, Kansas, and Oklahoma. A high cost of living index in Hawaii means that same million dollars would last only a little over 13 years in the Aloha state.

 


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