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Yahoo
3 days ago
- Business
- Yahoo
How Long $1 Million in Retirement Will Last in Every US Region
In the movie 'Austin Powers: International Man of Mystery' it comes across as comedic when the main villain, Dr. Evil, says his ransom price for the world is $1 million. His assistant, Number Two, chimes in to say that $1 million isn't enough. What makes Dr. Evil's initial ask so funny is not only the way he dramatically accentuates each syllable, but the absurdity of such a low ask. Even in 1997, we understood that in this save-the-world scenario, $1 million was a preposterously little amount of money. Find Out: Read Next: What does any of this have to do with retirement? Well, if you're retiring in the U.S. at age 65, and aiming to live another 35 years, or so, you'll see, once you do the math, that $1 million in the bank likely isn't going to be enough. Of course, how long the money will last you depends not only on how, but on where you live. In a new study, GOBankingRates analyzed the four regions of the U.S. to determine how many years it will take to draw down $1 million in retirement savings. The regions are ranked from where this money will last the shortest to the longest amount of time. States that make up this region: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington and Wyoming Average value of a single-family home: $538,990 Annual cost of living: $62,910 Average amount of years $1 million in retirement savings will last: 15.90 Check Out: States that make up this region: Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont Average value of a single-family home: $478,486 Annual cost of living: $58,686 Average amount of years $1 million in retirement savings will last: 17.04 States that make up this region: Alabama, Arkansas, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia and West Virginia Average value of a single-family home: $326,042 Annual cost of living: $45,263 Average amount of years $1 million in retirement savings will last: 22.09 States that make up this region: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin Average value of a single-family home: $276,787 Annual cost of living: $41,797 Average amount of years $1 million in retirement savings will last: 23.93 Methodology: For this study, GOBankingRates analyzed the four regions of the U.S. as defined by the U.S. Census and Bureau of Labor Statistics as Northeast; CT, ME, MA, NH, NJ, NY, PA, RI, and VT. South as; AL, AR, DE, DC, FL, GA, KY, LA, MD, MS, NC, OK, SC, TN, TX, VA, and WV. Midwest as; IL, IN, IA, KS, MI, MN, MO, NE, ND, OH, SD, and WI. West as; AK, AZ, CA, CO, HI, ID, MT, NV, NM, OR, UT, WA, and WY. Using these regions the total population, population ages 65 and over, total households, and household median income were sourced from the U.S. Census American Community Survey. The cost of living indexes were sourced for each state using the Missouri Economic and Research Information Center and using the region definitions of the states, the cost of living index for each region and category can be calculated. Using the average expenditure costs for retired households, as sourced from the Bureau of Labor Statistics Consumer Expenditure Survey for Retired Consumer Units, the average expenditure cost for each region can be calculated. Using the average single-family home value for each state, the average for the entire region can be calculated. Assuming a 10% down payment and using the national average 30-year fixed mortgage rate, as sourced from the Federal Reserve Economic Data, the average mortgage cost can be calculated. The average mortgage and expenditure costs can be used to calculate the average total cost of living. The time to draw down $1,000,000 in retirement savings can be calculated using the total cost of living with the states sorted by the longest to shortest time to draw down. All data was collected on and is up to date as of May 27, 2025. More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? 25 Places To Buy a Home If You Want It To Gain Value This article originally appeared on How Long $1 Million in Retirement Will Last in Every US Region Sign in to access your portfolio


Perth Now
19-05-2025
- Entertainment
- Perth Now
Elizabeth Hurley ready to introduce Billy Ray Cyrus to family
Elizabeth Hurley plans to introduce Billy Ray Cyrus to her family on her birthday. The 'Bedazzled' star - who has 23-year-old son Damian from a previous relationship - shocked fans last month when she announced she was dating the 'Achy Breaky Heart' hitmaker and she's now revealed he will be flying over to the UK in June to be part of her 60th birthday celebrations. She told Britain's HELLO! magazine: "I am looking forward to celebrating with Billy Ray. "He should be in England for my birthday. He'll be meeting my family – and my dogs – and hopefully, it'll be lovely." Elizabeth isn't too worried about hitting 60 because she always enjoys her birthdays, but even more so when she reaches a milestone age. She said: "I love every birthday. I always get overexcited if it's a big birthday – I think people are even nicer to you, maybe give you more presents, more flowers, and generally spoil you more. I welcome it." The 'Austin Powers: International Man of Mystery' star's comments come after 63-year-old musician Billy praised Elizabeth as a "great human being". He recently told their romance has evolved, recalling how they met while filming 2022's 'Christmas in Paradise' movie. In a clip from 'The Ty Bentli Show', Billy Ray said: "We did very few scenes together but the couple times we were in the same scene there was a chemistry there. We just laughed, and it was at a time I wasn't laughing a lot. "The oddest part was first, how much we laughed. Second, I figured we were so different but in some very strange way we had way more in common than we had different. "If all we ever were [is] the friends that we are, I would take that. She's so impressively brilliant. She reminds me a lot of Dolly Parton. She's a very smart businesswoman. "If you can laugh together, you can make it through everything." While the pair met on the movie set, they didn't speak to each other for two years after shooting the film. But Elizabeth re-entered Billy Ray's life when he needed a friend, following his split from wife Firerose. He shared: "I felt like, 'Wow, can life get any harder? Can it get any tougher?' For me, at a certain point it was like, you can't get knocked down any flatter than laying on your back when life is kicking you. And in this moment ... a friend reached out." Billy didn't recognise the number at first, so he text Elizabeth back. He recalled: "I text back, I go, 'Who is this?' And it's like, 'Elizabeth Hurley.' Of all the people to reach out to me in that second that maybe I needed most ... this friend who made me laugh."


Perth Now
14-05-2025
- Entertainment
- Perth Now
Elizabeth Hurley hoping for 'great life' with Billy Ray Cyrus
Elizabeth Hurley hopes to have a "great life" with Billy Ray Cyrus. The 59-year-old star recently shocked fans when she revealed she was dating the 'Achy Breaky Heart' hitmaker and though she admitted their romance was "unexpected", she's looking forward to their future together. She told E! News: 'It was unexpected. But we're very happy together. And hopefully we'll have a great life.' Elizabeth turns 60 next month and she's looking forward to celebrating the milestone with her new beau. She said: 'I always leave things to chance, I like birthdays though. 'I like getting presents, I like getting flowers, I like everyone being nice to me for a day. So, whatever we do will be fun.' The 'Austin Powers: International Man of Mystery' star's comments come after 63-year-old musician Billy praised Elizabeth as a "great human being". He recently told their romance has evolved, recalling how they met while filming 2022's 'Christmas in Paradise' movie. In a clip from 'The Ty Bentli Show', Billy Ray said: "We did very few scenes together but the couple times we were in the same scene there was a chemistry there. We just laughed, and it was at a time I wasn't laughing a lot. "The oddest part was first, how much we laughed. Second, I figured we were so different but in some very strange way we had way more in common than we had different. "If all we ever were [is] the friends that we are, I would take that. She's so impressively brilliant. She reminds me a lot of Dolly Parton. She's a very smart businesswoman. "If you can laugh together, you can make it through everything." While the pair met on the movie set, they didn't speak to each other for two years after shooting the film. But Elizabeth re-entered Billy Ray's life when he needed a friend, following his split from wife Firerose. He shared: "I felt like, 'Wow, can life get any harder? Can it get any tougher?' For me, at a certain point it was like, you can't get knocked down any flatter than laying on your back when life is kicking you. And in this moment ... a friend reached out." Billy didn't recognise the number at first, so he text Elizabeth back. He recalled: "I text back, I go, 'Who is this?' And it's like, 'Elizabeth Hurley.' Of all the people to reach out to me in that second that maybe I needed most ... this friend who made me laugh."


Perth Now
14-05-2025
- Entertainment
- Perth Now
'We make each other very happy' Elizabeth Hurley gushes over boyfriend Billy Ray Cyrus
Elizabeth Hurley says she and boyfriend Billy Ray Cyrus "make each other very happy". The 59-year-old actress has gushed over her significant other, after their romance was recently confirmed on social media, describing him as a "lovely man". Speaking at the Breast Cancer Research Foundation 2025 Hot Pink Party in New York City on Tuesday (13.05.25), she told "Billy's a lovely man and we make each other very happy." But Elizabeth didn't offer a response when asked if she has been able to "spend time" with any of Billy's six kids, including superstar singer Miley Cyrus, 32. The 'Austin Powers: International Man of Mystery' star's comments come after 63-year-old musician Billy praised Elizabeth as a "great human being". He recently told their romance has evolved, recalling how they met while filming 2022's 'Christmas in Paradise' movie. In a clip from 'The Ty Bentli Show', Billy Ray said: "We did very few scenes together but the couple times we were in the same scene there was a chemistry there. We just laughed, and it was at a time I wasn't laughing a lot. "The oddest part was first, how much we laughed. Second, I figured we were so different but in some very strange way we had way more in common than we had different. "If all we ever were [is] the friends that we are, I would take that. She's so impressively brilliant. She reminds me a lot of Dolly Parton. She's a very smart businesswoman. "If you can laugh together, you can make it through everything." While the pair met on the movie set, they didn't speak to each other for two years after shooting the film. But Elizabeth re-entered Billy Ray's life when he needed a friend, following his split from wife Tish Cyrus. He shared: "I felt like, 'Wow, can life get any harder? Can it get any tougher?' For me, at a certain point it was like, you can't get knocked down any flatter than laying on your back when life is kicking you. And in this moment ... a friend reached out." Billy didn't recognise the number at first, so he text Elizabeth back. He recalled: "I text back, I go, 'Who is this?' And it's like, 'Elizabeth Hurley.' Of all the people to reach out to me in that second that maybe I needed most ... this friend who made me laugh."


New York Post
24-04-2025
- Entertainment
- New York Post
Billy Ray Cyrus on his ‘chemistry' with new love Elizabeth Hurley: ‘It's been beautiful'
Elizabeth Hurley healed his achy breaky heart! Billy Ray Cyrus opened up about his unexpected romance with the sex symbol after the pair went Instagram official on Easter Sunday — revealing he's had 'chemistry' with Hurley since they met in 2022. The Grammy winner, 63, and Hurley, 59, shocked the world when they debuted their relationship in a photo showing him kissing her cheek over the weekend. 11 The pair debuted their romance on Easter Sunday. Instagram/Elizabeth Hurley While sources told Page Six that 'Austin Powers: International Man of Mystery' actress' friends — including Elton John — are confused and in disbelief of their relationship, Cyrus is spilling about their 'beautiful' bond in an excerpt of his upcoming interview on 'The Ty Bentli Show' obtained by People. He recalled meeting Hurley while filming 'Christmas in Paradise' shortly after he separated from his second ex-wife, Tish Cyrus, in April 2022. 'We did very few scenes together but the couple times we were in the same scene there was a chemistry there,' he shared. 'We just laughed, and it was at a time I wasn't laughing a lot.' Cyrus continued to speak about their chemistry, adding that their humor drew them to each other. 'The oddest part was first, how much we laughed. Second, I figured we were so different but in some very strange way we had way more in common than we had different,' the country star stated, adding they 'didn't speak for two years' after filming. 11 'Christmas in Paradise' poster showing Kelsey Grammer, Elizabeth Hurley and Billy Ray Cyrus. ©Lions Gate/Courtesy Everett Collection 11 Billy Ray Cyrus said he had chemistry with Elizabeth Hurley on the set. billyraycyrus/Instagram 11 He said she reached out two years after filming while he was going through a hard time. Cyrus was referring to his 2024 divorce from his third wife, Johanna 'Firerose' Hodges, based on the timeline. The pair went through a nasty public split after just seven months of marriage. 'I felt like, 'Wow, can life get any harder? Can it get any tougher?' For me, at a certain point it was like, you can't get knocked down any flatter than laying on your back when life is kicking you,' he continued. 'And in this moment… a friend reached out.' 11 At the time, he was going through a nasty divorce with his third ex-wife, Firerose. billyraycyrus/Instagram 11 Elizabeth Hurley sent him a text message that made him laugh and their romance grew from there. WireImage for Vanity Fair Cyrus explained that he 'didn't even know the number' of whoever sent the text, which read something similar to, 'Hey, it looks like life might be a little bit tough and just wanted you to know I'm in your corner; you've got a friend in your corner.' Miley Cyrus and Noah Cyrus' father explained that he texted back, 'Who is this? And it's like, 'Elizabeth Hurley.'' He shared that 'of all the people to reach out to me in that second that maybe I needed most… this friend who made me laugh.' 11 He shared that Elizabeth was just what the doctor ordered to help heal his heart. elizabethhurley1/Instagram 11 Billy Ray Cyrus also promised there are more PDA pics to come. elizabethhurley/Instagram Cyrus went on to describe Hurley as 'a great human being' and said she has qualities similar to his dear friend Dolly Parton. 'If all we ever were [is] the friends that we are, I would take that. She's so impressively brilliant. She reminds me a lot of Dolly Parton. She's a very smart businesswoman,' he said, adding, 'If you can laugh together, you can make it through everything.' Cyrus also promised that are more PDA pics in the couple's future. 11 'It's been a long time since I've been this happy,' he said of their romance. Penske Media via Getty Images 11 However, sources told Page Six that Hurley's pals are in disbelief about their relationship. Instagram/@elizabethhurley1 'There will be one coming where she's kissing me because people have been saying, 'Why's he always kissing her?' Unfortunately when I see her, when she puts her cheek out there, I don't know what happens, I just kiss it,' he explained. On their time together, Cyrus said, 'It's just been beautiful,' clarifying, 'and again, no expectations of where we go from here other than her and her son — I do love him a lot, and it's great that God brought them into my life when he did. It's just a good thing. It's been a long time since I've been this happy.' Cyrus has three ex-wives under his belt. 11 Billy Ray was married to his second wife Tish Cyrus from 1993-2022. Getty Images The country singer shares daughters Miley, Noah, and Brandi, as well as sons Trace and Braison with Tish. He's also a dad to Christopher Cody from a previous relationship. Besides being married to Tish from 1993–2022 and Firerose for seven months, Cyrus also wed Cindy Smith in 1986. Their marriage ended in 1991. Hurley was only married once to businessman Arun Nayar, from 2007 to 2011. She has one child, 23-year-old son Damian Hurley, from her previous relationship with the late Steve Bing.