Phil’s Tax Hacks

Ep 82: How Long Would A Million Bucks Last in Retirement?

April 15, 2021

If you had $1 million saved for retirement, how long could you live off of that? A lot of it depends on where you live. Let’s check out some possibilities across the country on today’s podcast.

 

Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-82-how-long-would-a-million-bucks-last-in-retirement/ 

 

Watch the video podcast: https://youtu.be/DjjU0NJ9j5w 

 

What we discuss on this episode: 

0:58 - How long a million bucks last?

2:52 - San Francisco and parts of California are costly places to retire.

4:13 - What about big cities like LA, Seattle, Boston, DC, and San Diego?

5:20 - Do you like Portland, Denver, or Miami?

7:00 - Looking to stay closer to home, like in Minneapolis?

8:25 - Louisville, Kansas City, and Omaha give you more bang for your buck.

11:22 - How long should you plan for?