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How Far Will $1 Million Go In Retirement?

In some states, and depending on how much you plan to spend each year, a seven-figure net worth might be all that you need. For those living in high-priced states like New York and California though $1 million in cash will last the average retired person less than 20 years. In Hawaii, which has the highest cost of living index, the average retiree could support themselves for only 12 years on $1 million.
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