Dec 12, 2024
How Much More Do Women Need to Save for a Comfortable Retirement?
We were commissioned to uncover where across the U.S. women need to save the most for a comfortable retirement when compared to their male counterparts.
First, we used the average expectancy by gender in every state to estimate the average length of retirement locally. Next, we used MIT’s Living Wage Calculator to find the cost of living in each state, boosting this figure by 20% for a “comfortable” retirement. Using these figures, we calculated the retirement savings each gender needs in every state.