GOBankingRates analyzed the savings needed to retire wealthy in 50 popular retirement destinations, focusing on annual expenses and social security. The research revealed that traditional retirement savings might fall short, particularly in California, with towns like Laguna Woods and Seal Beach requiring over $3 million. For a rich retirement lasting 25 years, costs can range between $2.7 million and $3.8 million, while aspiring retirees living less lavishly still need at least $1.9 million. Other notable locations that made the list include Parole, Maryland, and Prescott, Arizona.
Retirees in the most popular U.S. destinations may need upwards of $3 million to enjoy a wealthy retirement, particularly in California's top cities.
Cost considerations reveal that a rich retirement spanning 25 years in top destinations can range from $2.7 million to $3.8 million.
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