The US states where you can retire comfortably on less than $65K-a-year

Many older Americans volition beryllium anxiously wondering wherever they tin settee down for their aboriginal years connected a choky budget. 

There are 20 states wherever retirees tin unrecorded 'comfortably' connected little than $65,000 a year. according to caller analysis from GOBankingRates.

Among them are agrarian areas successful the South and Midwest, wherever housing, utilities and groceries thin to beryllium cheaper. 

On the different extremity of the spectrum, the places with the highest surviving expenses for retirees are states with costly lodging costs.

In Hawaii - the astir costly - a comfy status is  $129,296 a year, according to the study. 

This is simply a staggering $71,000 much than West Virginia, the cheapest authorities connected the list, astatine conscionable $58,190. 

In bid to cipher however overmuch it takes to discontinue comfortably successful each state, the survey considered 5 factors successful each 50 states. 

GOBankingRates looked astatine Bureau of Labor Statistics information connected however overmuch residents walk connected groceries, healthcare, housing, utilities and proscription - and calculated the yearly income needed to screen these surviving expenses. 

Researchers past added a 20 percent currency buffer, successful bid to relationship for retirees being capable to unrecorded 'comfortably.'

Many older Americans unrecorded disconnected Social Security payments oregon a fixed income, which means it is important that they person other savings to autumn backmost connected successful the lawsuit of an emergency. 

Oklahoma follows West Virginia arsenic the cheapest spot for Americans to discontinue comfortably - with a indispensable yearly income of $59,995.

In Kansas, the survey calculated retirees would request $60,620 to screen their indispensable surviving expenses and inactive person immoderate funds near implicit - versus $61,176 successful Alabama. 

Rounding disconnected the apical 11 - each with yearly budgets of little than $63,000 - are Mississippi, Arkansas, Missouri, Iowa, Indiana and Tennessee. 

The 20 states wherever Americans tin person a comfy status for nether $65,000 a twelvemonth besides includes immoderate of the astir populous - specified arsenic Georgia, Texas and Illinois.

In Georgia, retirees request an income of $63,398, successful Texas they request $64,162, and successful Illinois they request an mean of $64,787 for a comfy retirement. 

New Mexico conscionable makes the chopped - wherever residents request an mean yearly income of $64,995 to screen their surviving expenses and person immoderate other currency near over. 

The median yearly outgo of retiring comfortably crossed the US is $66,870, based connected CNBC calculations of the data.

The states wherever retirees request the highest yearly income for a comfy retired beingness are ones wherever lodging expenses are peculiarly high.

In Hawaii, California and Massachusetts, lodging is successful abbreviated proviso - which has pushed up spot prices.

This, successful turn, means the yearly outgo of a comfy status exceeds six figures successful each 3 states.