Hawaii Tops Retirement Cost List at $181,505 a Year, Far Above Social Security
Updated
Updated · mogazmasr.com · May 15
Hawaii Tops Retirement Cost List at $181,505 a Year, Far Above Social Security
6 articles · Updated · mogazmasr.com · May 15
$181,505 a year is what MoneyLion says a comfortable retirement in Hawaii now requires, the highest in its 2026 state-by-state analysis; even after Social Security, annual costs still reach $156,610.
$90,752 in yearly necessities helps explain the gap: covering Hawaii’s retirement costs would require saving $5,800 a month for 45 years from age 20, or $7,458 for 35 years from age 30.
California ranked second, with a comfortable retirement costing $121,879 after Social Security, while West Virginia was cheapest at $33,223, underscoring how sharply retirement math varies by state.
Taxes and housing costs are major drivers, Ted Jenkin said, adding that high state income and property taxes are pushing retirees and workers alike out of expensive states such as California and New York.
As states like Hawaii become unaffordable, is retiring abroad the new financial reality for average Americans?
With Social Security benefits projected to be cut, is the American dream of retirement now mathematically impossible for many?
Could radical solutions like capping benefits for the wealthy truly save Social Security for everyone else?