Income needed to retire comfortably in each state

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Households across the country are facing financial strain amid persistent inflation, and retirees facing growing expenses need to ensure their income streams can cover their costs.

Americans derive their retirement income from a variety of sources, which can include personal retirement savings, such as through a 401(k) plan or IRA, as well as annuities, pension plans, and Social Security benefits.

The average annual Social Security benefit is $24,852, based on the monthly average of $2,071 reported by the Social Security Administration in January 2026.

A new analysis from MoneyLion that used data from MIT’s Living Wage Calculator estimated the annual income required to retire comfortably in each state, which ranges from a high of $64,504 in Hawaii to a low of $40,627 in West Virginia.

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A new analysis from MoneyLion using MIT’s living wage calculator looked at the income needed to retire comfortably in each state. (Getty Images)

Here’s a look at the state-by-state breakdown of the annual income a single adult without children would need to retire comfortably, according to MoneyLion’s analysis of MIT’s living wage calculator.