How Long Will $1 Million In Retirement Last You In Sacramento, San Francisco?

If you’re lucky enough to have saved $1 million bucks for your retirement see how long that much money is expected to last you here in Sacramento…

By Doug Lazy on February 1, 2018
BERLIN, GERMANY - AUGUST 30: An elderly couple embrace while dancing during an afternoon get-together in the community room of the Sewanstrasse senior care home in Lichtenberg district on August 30, 2011 in Berlin, Germany. The center opens its doors to non-residents every Tuesday, and between 30 and 70 retired people who still live in their own homes in the local neighborhood come to dance and chat over coffee and cake. Today's afternoon dance is part of Senior Citizens' Week (Berliner Seniorenwoche), a city initiative meant to highlight activities available for the city's eldery. Germany is facing significant demographic change that includes elderly citizens making up an increasing portion of the overall population, a situation aggravated by the country's birth rate, which is the lowest in Europe. The shift will continue to put greater strain on the country's ability to finance its public health and senior care programs. (Photo by Sean Gallup/Getty Images)
(Photo by Sean Gallup/Getty Images)

If you’re lucky enough to have saved $1 million bucks for your retirement see how long that much money is expected to last you here in Sacramento…

SacBee.com says that new study by┬áSmartAsset took into account factors like “housing, food, health care and utilities” and found that $1 million bucks in retirement money will only last you 24.24 years here in Sacramento!

San Francisco was even worse an expectancy of going through that million dollars in less than 16 years! New York was the city where your million-dollar retirement is expected to last the least amount of time – only 12.54 years!

To see more of the article, including the best place that one million dollars in retirement will ast you, CLICK HERE.

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