{"id":487934,"date":"2026-05-16T16:11:11","date_gmt":"2026-05-16T16:11:11","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/487934\/"},"modified":"2026-05-16T16:11:11","modified_gmt":"2026-05-16T16:11:11","slug":"wisconsin-retirement-costs-how-much-to-save-study","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/487934\/","title":{"rendered":"Wisconsin retirement costs, how much to save: study"},"content":{"rendered":"

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MILWAUKEE<\/strong> – Where you live can have a significant impact on how much money you need saved for retirement. And according to a new study<\/a>, Wisconsin ranks near the middle of the pack in terms of the most and least expensive states for retirees.<\/p>\n

Big picture view:<\/p>\n

MoneyLion<\/a>, a consumer finance app and marketplace, examined how much money Americans would need to save each month to retire comfortably in each state. The study weighed factors such as average retiree household expenses, Social Security income and the age at which a person started saving for retirement.<\/p>\n

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The study’s full methodology can be found on MoneyLion’s website<\/a>.<\/p>\n

What they’re saying:<\/p>\n

Ted Jenkin, managing partner at Exit Wealth Advisors, told FOX Business that state income taxes and real estate property taxes are two of the biggest expenses that retirees need to look at. Thomas Aiello, National Taxpayers Union vice president of federal affairs, added that taxes are a reason some retirees may move to places like Florida, Texas and Tennessee \u2013 which offer no sate income tax or “death” tax.<\/p>\n

\"\" How much in Wisconsin? <\/p>\n

Local perspective:<\/p>\n

Wisconsin<\/a> ranked No. 28 in MoneyLion<\/a>‘s study, which determined someone would need to save $1,096,140 to retire comfortably at age 65. That’s based on a $54,807 average annual cost of retirement over 20 years.<\/p>\n

To hit that number, MoneyLion<\/a> said someone would need to start saving $2,030 per month at age 20 or $2,610 per month starting at age 30.<\/p>\n

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By the numbers:<\/p>\n

MoneyLion<\/a>‘s study also determined the following savings needed to retire comfortably at age 65 (as well as the average annual cost of retirement over 20 years) in neighboring states:<\/p>\n