How Long $1.5 Million Will Last in Every State If Social Security Runs Out

It’s no secret that America’s Social Security system is struggling with a number of issues, and that it may even be wholly insolvent by 2034. Were that to be the case, American retirees would be forced to retire solely on their lifetime savings to financially survive in their golden years. Would you be able to do that? Could you do that in a state less expensive than you live in now? Would you be able to save, say, $1.5 million by the time you retire and live off of it?

April 25, 2025 · 1 min · 135 words · Leah Acosta

Table of Contents

GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

you might read more about oureditorial guidelinesand our products and servicesreview methodology.

Would you be able to do that?

Could you do that in a state less expensive than you live in now?

Could your states cost of living sustain a retirement on $1.5 million?

Keep reading to find out.

Also see the same question at $2 million.

All data was collected on and is up to date as of March 7, 2025.

For our full Privacy Policy,click here.

email sharing button

Untitled design (1)

Close popup