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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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