{"id":150656,"date":"2025-10-29T02:22:11","date_gmt":"2025-10-29T02:22:11","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/150656\/"},"modified":"2025-10-29T02:22:11","modified_gmt":"2025-10-29T02:22:11","slug":"want-to-retire-early-these-are-the-10-fastest-and-slowest-states-for-retirement","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/150656\/","title":{"rendered":"Want To Retire Early? These Are the 10 Fastest and Slowest States for Retirement"},"content":{"rendered":"\n

Research from Mass Mutual<\/a> found that the typical American retires at age 62, which means most people spend about 40 years working before they finally retire.<\/p>\n

But a lot depends on how much you have saved for retirement<\/a> \u2014 and your location. You can reach retirement much quicker in some states than in others, according to a recent study from John Stevenson<\/a>, a Nevada-based financial and retirement advisor.<\/p>\n

Explore More: Savings Needed To Be Rich in America\u2019s Most Popular Retirement Destinations<\/a><\/strong><\/p>\n

Read Next: 5 Clever Ways Retirees Are Earning Up To $1K Per Month From Home<\/a><\/strong><\/p>\n

One thing the study found is that if you want to retire comfortably<\/a>, without having to stress over money in your golden years, you might need to build a nest egg of $800,000 or more. If you live where expenses are especially high, you should aim to save more than $1 million.<\/p>\n

Unfortunately, most people don\u2019t get anywhere near that goal. According to Federal Reserve<\/a> data, the average retirement savings for Americans ages 65 to 74 was $200,000 as of 2022, the most recent year data are available.<\/p>\n

For their study, John Stevenson\u2019s researchers looked at average incomes and expenses for each state to determine how many years it would take to reach the ideal retirement savings goal<\/a>.<\/p>\n

The number of years ranged from less than 30 to more than 70. This basically means that if you earn an average salary<\/a> in some states, you\u2019ll either need to retire very late in life, move elsewhere, or depend on more than just your savings to retire comfortably. In the case of Hawaii, expenses are so high that it\u2019s not possible to reach the ideal retirement goal on an average salary, according to the study.<\/p>\n

Here\u2019s a look at the 10 fastest and slowest states for retirement.<\/p>\n

Also find out how much a comfortable retirement costs in each state in 2025<\/a>.<\/p>\n