how much it will cost to retire

What is Your Retirement Number?

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How far does a million dollars go in retirement? Depends on where you live.

There is a fascinating game you might want to play if it gets boring at your next house party. Just go around the table and ask each guest what their number is. I'll bet most of them already know what you mean because they've been thinking about it for years. Just how much money will they need to retire comfortably? That number will be different based on job stability and expectations. But it will also depend on where you want to retire.

Bloomberg Business asked the question, how far does a million dollars go in retirement. The answer? If you want to stretch it out, head down south. A million lasts 11.9 years in Hawaii and 16.4 years in California, while it lasts 26.3 years in Mississippi.  read more »