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There, you could comfortably retire on as little as $35,000 to $40,000 a year.
Housing and healthcare are particularly affordable there.
One such state is Arkansas.
According to BestPlaces, Arkansas cost of living is 22.5% lower than the national average.
For an individual, the minimum recommended amount needed per year is $27,600.
Healthcare is also more affordable in Arkansas, according to Kibbel.
Considering how important this can be to retirees, especially older ones, this is a major plus.
Oklahoma
Oklahoma has an overall cost-of-living index of just 85.3, the second lowest in the country.
Housing, utilities, transportation, groceries and healthcare are all much lower than the national average.
Property taxes also tend to be low, said DiManno.
BestPlaces found that the average individual needs around $30,000 a year to afford a comfortable lifestyle.
In a given year, the average retiree would need $30,800 to live comfortably.
Tennessee
Last but not least is Tennessee.
Again, exact costs vary quite a bit from person to person.
In a higher-cost-of-living area, you might deplete those savings in under 15 years.
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