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The top 10 US cities where your $150,000 retirement savings will go furthest

Jessica Dickler
The top 10 US cities where your $150,000 retirement savings will go furthest

Let's be realistic. Most soon-to-be-retirees only have about $150,000 stashed in their nest egg. But that doesn't mean that their retirement fantasies are out of reach.In some cities, it's more than enough to cover a few years of expenses.GOBankingRates

compared the average costs for a 65-year-old for housing, utilities, groceries and health care in the largest 100 cities in the country. Then, the personal finance website took the approximate median nest egg retirees have saved — $150,000 — and subtracted one year's worth of costs in each of the most affordable cities to determine

the American cities where your retirement nest egg will stretch the furthest

.

While none of the cities that made the top 10 are in sunny Florida, they all have an average annual cost of living (including housing, utilities, taxes, health-care services and basic necessities) under $45,000, which could be enough to brighten any retiree's day.

10. Wichita, Kan.

Retiree cost of living: $38,710

Nest egg left over: $111,290

9. Corpus Christi, Texas

Retiree cost of living: $38,664

Nest egg left over: $111,336

8. Columbus, Ohio

Retiree cost of living: $38,572

Nest egg left over: $111,428

7. Milwaukee

Retiree cost of living: $38,481

Nest egg left over: $111,519

6. El Paso, Texas

Retiree cost of living: $38,252

Nest egg left over: $111,748

5. Fort Wayne, Ind.

Retiree cost of living: $37,154

Nest egg left over: $112,846

4. Cleveland

Retiree cost of living: $36,056

Nest egg left over: $113,945

3. Toledo, Ohio

Retiree cost of living: $35,095

Nest egg left over: $114,905

2. Memphis, Tenn.

Retiree cost of living: $33,859

Nest egg left over: $116,141

1. Detroit

Retiree cost of living: $33,356

Nest egg left over: $116,644

(If you've socked even more away,

here's where $1 million would stretch the furthest

.)

More from Personal Finance:Welcome to the age of 'million-dollar poverty'How far $1 million goes in every stateScraping by on a $100,000+ income

Let's be realistic. Most soon-to-be-retirees only have about $150,000 stashed in their nest egg. But that doesn't mean that their retirement fantasies are out of reach.

In some cities, it's more than enough to cover a few years of expenses.

GOBankingRates

compared the average costs for a 65-year-old for housing, utilities, groceries and health care in the largest 100 cities in the country. Then, the personal finance website took the approximate median nest egg retirees have saved — $150,000 — and subtracted one year's worth of costs in each of the most affordable cities to determine

the American cities where your retirement nest egg will stretch the furthest

.

While none of the cities that made the top 10 are in sunny Florida, they all have an average annual cost of living (including housing, utilities, taxes, health-care services and basic necessities) under $45,000, which could be enough to brighten any retiree's day.

10. Wichita, Kan.

Retiree cost of living: $38,710

Nest egg left over: $111,290

9. Corpus Christi, Texas

Retiree cost of living: $38,664

Nest egg left over: $111,336

8. Columbus, Ohio

Retiree cost of living: $38,572

Nest egg left over: $111,428

7. Milwaukee

Retiree cost of living: $38,481

Nest egg left over: $111,519

6. El Paso, Texas

Retiree cost of living: $38,252

Nest egg left over: $111,748

5. Fort Wayne, Ind.

Retiree cost of living: $37,154

Nest egg left over: $112,846

4. Cleveland

Retiree cost of living: $36,056

Nest egg left over: $113,945

3. Toledo, Ohio

Retiree cost of living: $35,095

Nest egg left over: $114,905

2. Memphis, Tenn.

Retiree cost of living: $33,859

Nest egg left over: $116,141

1. Detroit

Retiree cost of living: $33,356

Nest egg left over: $116,644

(If you've socked even more away,

here's where $1 million would stretch the furthest

.)

More from Personal Finance:

Welcome to the age of 'million-dollar poverty'

How far $1 million goes in every state

Scraping by on a $100,000+ income



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