NewsLa OpiniónOctober 28, 2026Los Angeles County
MoneyLion Analysis Estimates Annual Income Needed for Retirement Across All 50 States
Photo: La Opinión
An analysis by MoneyLion estimates that single adults without children need between $40,627 and $64,504 annually to cover basic living expenses in retirement depending on the state, with Hawaii requiring the highest amount and West Virginia the lowest.
Read the full story at La OpiniónWhy It Matters
Residents can calculate their required retirement savings and target nest egg using state-specific cost estimates and standard financial planning rules.
Key Facts
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Who's Mentioned
OrganizationMoneyLion“conducted an analysis estimating annual retirement income needs based on MIT dat”locationMassachusetts“follows Hawaii as one of the states with the highest estimated living costs”locationHawái“ranks highest on the list with an estimated need of $64,504 annually”locationVirginia Occidental“registers $40,627 dollars, the lowest figure in the analysis”OrganizationAdministración del Seguro Social“informed that the average monthly benefit for retired workers was $2,071 dollars”locationCarolina del Norte“used as an example requiring $46,745 dollars a year”OrganizationInstituto Tecnológico de Massachusetts“provides the Living Wage Calculator used in the analysis”OrganizationEstados Unidos“country where workers plan for retirement”locationCalifornia“listed among the states with high estimated living costs in retirement”