Once upon a time, a million dollars seemed like more than enough for retirement. But in today’s economy, that one million dollar nest egg doesn’t go as far as it used to and can be depleted quickly. Some U.S. cities have such a high cost of living, you’ll barely get a decade out of a million dollars. In New York City, a million dollars for retirement will only last 12.5 years, and cities like Honolulu and San Francisco come in only slightly higher at 14.8 and 15.9 years.
While some retirees consider becoming expats and retiring to other countries in order to stretch their retirement dollars, there are also quite a few cities in the United States where a million dollars can actually last a long time.
Here’s a roundup of the 10 U.S. cities where $1 million for retirement lasts the longest, according to a recent study by SmartAsset.