Here's How Much It Costs To Retire Comfortably Without Social Security in Your State
Given the uncertainty that has surrounded the future solvency of the American Social Security system for years, it's worth considering the possibility that the Social Security Administration will be capable of far less as time goes on. In fact, the reserve fund that helps pay out Social Security benefits at the current rate is expected to be depleted by 2035. With that in mind, it may behoove future retirees to plan for a retirement without Social Security.
Find Out:
Learn More:
GOBankingRates recently completed a study that compiled the cost of retirement across all 50 states — assuming a life expectancy of 80. A comfortable retirement was defined as one in which you have double the funds needed to meet the cost of living. Want to know how much you'll need to put aside to enjoy your golden years in comfort, without a Social Security safety net? GOBankingRates has your answers below.
Annual cost of living comfortably: $70,492
Savings needed to retire at 60 (with no Social Security): $1,409,839
Savings needed to retire at 70 (with no Social Security): $704,919
% of population 65+: 17.5%
Know More:
Also See:
Annual cost of living comfortably: $110,457
Savings needed to retire at 60 (with no Social Security): $2,209,137
Savings needed to retire at 70 (with no Social Security): $1,104,569
% of population 65+: 13.3%
Read This:
Annual cost of living comfortably: $100,281
Savings needed to retire at 60 (with no Social Security): $2,005,627
Savings needed to retire at 70 (with no Social Security): $1,002,814
% of population 65+: 18.6%
Annual cost of living comfortably: $67,502
Savings needed to retire at 60 (with no Social Security): $1,350,045
Savings needed to retire at 70 (with no Social Security): $675,022
% of population 65+: 17.3%
Annual cost of living comfortably: $155,117
Savings needed to retire at 60 (with no Social Security): $3,102,333
Savings needed to retire at 70 (with no Social Security): $1,551,166
% of population 65+: 15.3%
Annual cost of living comfortably: $114,744
Savings needed to retire at 60 (with no Social Security): $2,294,882
Savings needed to retire at 70 (with no Social Security): $1,147,441
% of population 65+: 15.2%
Annual cost of living comfortably: $105,428
Savings needed to retire at 60 (with no Social Security): $2,108,563
Savings needed to retire at 70 (with no Social Security): $1,054,281
% of population 65+: 18.1%
Find More:
Annual cost of living comfortably: $94,392
Savings needed to retire at 60 (with no Social Security): $1,887,834
Savings needed to retire at 70 (with no Social Security): $943,917
% of population 65+: 20.0%
Annual cost of living comfortably: $97,119
Savings needed to retire at 60 (with no Social Security): $1,942,374
Savings needed to retire at 70 (with no Social Security): $971,187
% of population 65+: 21.1%
Annual cost of living comfortably: $86,005
Savings needed to retire at 60 (with no Social Security): $1,720,096
Savings needed to retire at 70 (with no Social Security): $860,048
% of population 65+: 14.6%
Annual cost of living comfortably: $186,062
Savings needed to retire at 60 (with no Social Security): $3,721,237
Savings needed to retire at 70 (with no Social Security): $1,860,618
% of population 65+: 19.9%
Annual cost of living comfortably: $101,912
Savings needed to retire at 60 (with no Social Security): $2,038,236
Savings needed to retire at 70 (with no Social Security): $1,019,118
% of population 65+: 16.6%
Discover More:
Annual cost of living comfortably: $79,736
Savings needed to retire at 60 (with no Social Security): $1,594,716
Savings needed to retire at 70 (with no Social Security): $797,358
% of population 65+: 16.6%
Annual cost of living comfortably: $74,029
Savings needed to retire at 60 (with no Social Security): $1,480,575
Savings needed to retire at 70 (with no Social Security): $740,288
% of population 65+: 16.4%
Annual cost of living comfortably: $71,373
Savings needed to retire at 60 (with no Social Security): $1,427,463
Savings needed to retire at 70 (with no Social Security): $713,731
% of population 65+: 17.8%
Annual cost of living comfortably: $71,534
Savings needed to retire at 60 (with no Social Security): $1,430,672
Savings needed to retire at 70 (with no Social Security): $715,336
% of population 65+: 16.6%
Annual cost of living comfortably: $71,410
Savings needed to retire at 60 (with no Social Security): $1,428,204
Savings needed to retire at 70 (with no Social Security): $714,102
% of population 65+: 17.0%
Learn More:
Annual cost of living comfortably: $67,482
Savings needed to retire at 60 (with no Social Security): $1,349,639
Savings needed to retire at 70 (with no Social Security): $674,820
% of population 65+: 16.3%
Annual cost of living comfortably: $98,612
Savings needed to retire at 60 (with no Social Security): $1,972,231
Savings needed to retire at 70 (with no Social Security): $986,115
% of population 65+: 21.9%
Annual cost of living comfortably: $101,991
Savings needed to retire at 60 (with no Social Security): $2,039,812
Savings needed to retire at 70 (with no Social Security): $1,019,906
% of population 65+: 16.3%
Annual cost of living comfortably: $136,626
Savings needed to retire at 60 (with no Social Security): $2,732,517
Savings needed to retire at 70 (with no Social Security): $1,366,259
% of population 65+: 17.5%
See More:
Annual cost of living comfortably: $73,780
Savings needed to retire at 60 (with no Social Security): $1,475,595
Savings needed to retire at 70 (with no Social Security): $737,797
% of population 65+: 18.2%
Annual cost of living comfortably: $88,321
Savings needed to retire at 60 (with no Social Security): $1,766,414
Savings needed to retire at 70 (with no Social Security): $883,207
% of population 65+: 16.8%
Annual cost of living comfortably: $65,523
Savings needed to retire at 60 (with no Social Security): $1,310,451
Savings needed to retire at 70 (with no Social Security): $655,226
% of population 65+: 16.8%
Annual cost of living comfortably: $73,667
Savings needed to retire at 60 (with no Social Security): $1,473,335
Savings needed to retire at 70 (with no Social Security): $736,668
% of population 65+: 17.5%
Annual cost of living comfortably: $102,916
Savings needed to retire at 60 (with no Social Security): 2,058,322
Savings needed to retire at 70 (with no Social Security): $1,029,161
% of population 65+: 19.7%
Trending Now:
Annual cost of living comfortably: $76,792
Savings needed to retire at 60 (with no Social Security): $1,535,846
Savings needed to retire at 70 (with no Social Security): $767,923
% of population 65+: 16.4%
Annual cost of living comfortably: $103,661
Savings needed to retire at 60 (with no Social Security): $2,073,215
Savings needed to retire at 70 (with no Social Security): $1,036,607
% of population 65+: 16.6%
Annual cost of living comfortably: $110,761
Savings needed to retire at 60 (with no Social Security): $2,215,216
Savings needed to retire at 70 (with no Social Security): $1,107,608
% of population 65+: 19.5%
Annual cost of living comfortably: $118,338
Savings needed to retire at 60 (with no Social Security): $2,366,765
Savings needed to retire at 70 (with no Social Security): $1,183,383
% of population 65+: 16.8%
Annual cost of living comfortably: $81,627
Savings needed to retire at 60 (with no Social Security): $1,632,542
Savings needed to retire at 70 (with no Social Security): $816,271
% of population 65+: 18.8%
Also Discover:
Annual cost of living comfortably: $105,619
Savings needed to retire at 60 (with no Social Security): $2,112,384
Savings needed to retire at 70 (with no Social Security): $1,056,192
% of population 65+: 17.4%
Annual cost of living comfortably: $86,857
Savings needed to retire at 60 (with no Social Security): $1,737,146
Savings needed to retire at 70 (with no Social Security): $868,573
% of population 65+: 16.9%
Annual cost of living comfortably: $78,734
Savings needed to retire at 60 (with no Social Security): $1,574,682
Savings needed to retire at 70 (with no Social Security): $787,341
% of population 65+: 16.2%
Annual cost of living comfortably: $73,120
Savings needed to retire at 60 (with no Social Security): $1,462,391
Savings needed to retire at 70 (with no Social Security): $731,195
% of population 65+: 17.9%
Annual cost of living comfortably: $69,161
Savings needed to retire at 60 (with no Social Security): $1,383,214
Savings needed to retire at 70 (with no Social Security): $691,607
% of population 65+: 16.1%
Explore More:
Annual cost of living comfortably: $111,541
Savings needed to retire at 60 (with no Social Security): $2,230,814
Savings needed to retire at 70 (with no Social Security): $1,115,407
% of population 65+: 18.6%
Annual cost of living comfortably: $78,582
Savings needed to retire at 60 (with no Social Security): $1,571,642
Savings needed to retire at 70 (with no Social Security): $785,821
% of population 65+: 19.1%
Annual cost of living comfortably: $109,811
Savings needed to retire at 60 (with no Social Security): $2,196,222
Savings needed to retire at 70 (with no Social Security): $1,098,111
% of population 65+: 18.3%
Annual cost of living comfortably: $81,586
Savings needed to retire at 60 (with no Social Security): $1,631,721
Savings needed to retire at 70 (with no Social Security): $815,860
% of population 65+: 18.5%
Annual cost of living comfortably: $81,949
Savings needed to retire at 60 (with no Social Security): $1,638,979
Savings needed to retire at 70 (with no Social Security): $819,489
% of population 65+: 17.6%
Also See:
Annual cost of living comfortably: $81,474
Savings needed to retire at 60 (with no Social Security): $1,629,482
Savings needed to retire at 70 (with no Social Security): $814,741
% of population 65+: 16.8%
Annual cost of living comfortably: $81,985
Savings needed to retire at 60 (with no Social Security): $1,639,693
Savings needed to retire at 70 (with no Social Security): $819,846
% of population 65+: 13.2%
Annual cost of living comfortably: $110,623
Savings needed to retire at 60 (with no Social Security): $2,212,458
Savings needed to retire at 70 (with no Social Security): $1,106,229
% of population 65+: 11.6%
Annual cost of living comfortably: $97,999
Savings needed to retire at 60 (with no Social Security): $1,959,971
Savings needed to retire at 70 (with no Social Security): $979,986
% of population 65+: 20.8%
Annual cost of living comfortably: $96,141
Savings needed to retire at 60 (with no Social Security): $1,922,813
Savings needed to retire at 70 (with no Social Security): $961,406
% of population 65+: 16.3%
Annual cost of living comfortably: $126,952
Savings needed to retire at 60 (with no Social Security): $2,539,048
Savings needed to retire at 70 (with no Social Security): $1,269,524
% of population 65+: 16.3%
Annual cost of living comfortably: $64,715
Savings needed to retire at 60 (with no Social Security): $1,294,300
Savings needed to retire at 70 (with no Social Security): $647,150
% of population 65+: 20.7%
Annual cost of living comfortably: $84,485
Savings needed to retire at 60 (with no Social Security): $1,689,700
Savings needed to retire at 70 (with no Social Security): $844,850
% of population 65+: 18.0%
Annual cost of living comfortably: $88,792
Savings needed to retire at 60 (with no Social Security): $1,775,841
Savings needed to retire at 70 (with no Social Security): $887,921
% of population 65+: 18.0%
Methodology: GOBankingRates found the cost of living using data from the Missouri Economic and Research Information Center, the Bureau of Labor Statistics Consumer Expenditure Survey for Retired Households and Federal Reserve Economic Data. The average full Social Security Benefits for one person were sourced from the Social Security Administrations Monthly Snapshot for January 2025. Using the 50/30/20 rule that states that needs should not exceed 50% of the household income, the total cost of living was doubled to find the income needed to live comfortably. All data was collected on and is up to date as of Feb. 21, 2025.
More From GOBankingRates
Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard
Warren Buffett: 10 Things Poor People Waste Money On
7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth
This article originally appeared on GOBankingRates.com: Here's How Much It Costs To Retire Comfortably Without Social Security in Your State
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
George Kittle Hopes Brock Purdy Will 'Buy Everything' After Extension
George Kittle Hopes Brock Purdy Will 'Buy Everything' After Extension originally appeared on Athlon Sports. The San Francisco 49ers recently signed star field general Brock Purdy to a five-year, $265 million contract extension, which has been a long time coming. Advertisement Now that he is getting paid a lot more, some of his teammates are hoping he can help finance some of the team's parties. In a recent appearance on the Pat McAfee Show, 49ers superstar tight end George Kittle said that he is expecting his quarterback to start pulling his weight more when it comes to paying for things. "He's buying everything from here on out," Kittle said. "Hopefully he pays for the Halloween party this year and it's not me and [Kyle Juszczyk] anymore. $265 [million] can put together a better one." Before his new contract, the 25-year-old QB was getting paid less than a million a year at just over $850,000. Now that he is getting paid $53 million a year, he will no longer have to live with a roommate like he has since 2023. He will also hopefully use this extension as motivation to help lead the Niners to a better year in 2025 than they had this past season. Advertisement San Francisco finished the 2024 season last in the NFC West with a 6-11 record, which means that they missed the playoffs for the first time since 2020. The team dealt with their fair share of injuries, so not all of that disappointment can be placed on Purdy's shoulders. But now that everyone is hopefully healthy, Purdy will be looking to go out there with his new massive contract and lead the team to a bounce back year in 2025. Related: 49ers' $120 Million Deal Ranks Among NFL's Worst Contracts Related: 49ers' Brock Purdy Has Huge MVP Opportunity in 2025 This story was originally reported by Athlon Sports on Jun 15, 2025, where it first appeared.
Yahoo
31 minutes ago
- Yahoo
Mark Carney's trial by G7 summit as ‘Godzilla' comes to Canada
Canada's Mark Carney will host world leaders in Kananaskis in coming days, with his plans for a unity G7 summit to unblock trade at the
Yahoo
34 minutes ago
- Yahoo
Cosmetics giant Leonard Lauder dies at 92
Leonard Alan Lauder, who led the cosmetics company his parents founded and turned it into an international powerhouse, died June 14. Mr. Lauder was 92. He died surrounded by family, the Estée Lauder Companies said in a prepared statement Sunday. It did not say where Mr. Lauder had died. Mr. Lauder, a longtime Palm Beach resident, was the son of Estée and Joseph Lauder, who founded their company in 1946 in New York City. Their son Leonard was born there on March 19, 1933. He was a graduate of the Wharton School at the University of Pennsylvania and the U.S. Navy's Officer Candidate School. He was a lieutenant in the U.S. Navy and a Navy reservist, and also studied at Columbia University's Graduate School of Business. In 1958, Mr. Lauder joined the Estée Lauder Companies. He was its president from 1971 to 1995, and chief executive officer from 1982 to 1999, when he became chairman emeritus. The company said in its statement announcing Mr. Lauder's death that he helped 'helping transform the business from a handful of products sold under a single brand in U.S. stores to the multi-brand, global leader in prestige beauty that it is today.' Mr. Lauder led the launch of now-familiar cosmetic brands such as Aramis, Clinique, and Lab Series, and was involved in the acquisition of other brands including Aveda, Bobbi Brown, Jo Malone London, La Mer, and M∙A∙C. He was a noted philanthropist in art and medicine, pledging his 78-piece collection of Cubist art to the Metropolitan Museum of Art in 2013. He also established the Leonard A. Lauder Research Center for Modern Art at the Museum. He was a trustee of the Whitney Museum of Modern Art from 1977 to 2011, and also its chairman emeritus. Mr. Lauder was honorary chairman of the board of directors at the Breast Cancer Research Foundation, which his late wife Evelyn H. Lauder founded in 1993. He also co-founded and led the Alzheimer's Drug Discovery Foundation with his brother, Ronald S. Lauder, which supports cutting-edge drug research. Mr. Lauder was one of the wealthiest people in the world, with an estimated worth in the 2025 Forbes list of billionaires at $10.1 billion. Mr. Lauder was married to Evelyn Lauder from 1959 until her death in 2011. He married Judy Glickman Lauder in 2015. 'Throughout his life, my father worked tirelessly to build and transform the beauty industry, pioneering many of the innovations, trends, and best practices that are foundational to the industry today,' said his son William P. Lauder, chairman of the board of directors at The Estée Lauder Companies, in a prepared statement. 'He was the most charitable man I have ever known, believing that art and education belonged to everyone, and championing the fight against diseases such as Alzheimer's and breast cancer. 'Above all, my father was a man who practiced kindness with everyone he met. His impact was enormous. He believed that employees were the heart and soul of our company, and they adored him and moments spent with him,' William Lauder said. In addition to his wife Judy and his son William, Mr. Lauder is survived by his son Gary M. Lauder and wife, Laura Lauder; five grandchildren, Rachel, Danielle, Djuna-Bear, Joshua, Eliana, two great-grandchildren, many stepchildren and step grandchildren, as well as his brother, Ronald S. Lauder, and wife, Jo Carole Lauder, and their daughters, Aerin Lauder and Jane Lauder. A private service will be held for friends and family. Memorial donations may be made to the Breast Cancer Research Foundation and the Alzheimer's Drug Discovery Foundation. The Lauder Companies invite condolences at This article originally appeared on Palm Beach Daily News: Cosmetics giant Leonard Lauder dies at 92
