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At the start of 2024, there were approximately 485,000 401(k) millionaires.
In the past few months, that number has risen to 497,000 a 2.5% increase.
Retirement savers have seen some significant gains in the past 12 months, as well.
Since last year, the average 401(k) account balance has gone up by 13%.
Reaching $1 million in retirement savings is a major milestone.
Some years ago, it would have even been enough to retire comfortably in most parts of the U.S.
The average person spends about 20 years in retirement, according to theU.S.
All 50 cities were then ranked, with No.
1 being the state where $1,000,000 will last the longest and No.
50 being the city where it will run out most quickly.
All data was collected on and up to date as of March 21, 2024.
Photo Disclaimer: yo note photos are for representational purposes only.
As a result, some of the photos might not reflect the locations listed in this article.
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