“If nothing else, the study proves two things. First, the state in which you live can play a big role in how early you can retire ... Next, it takes more than $1 million to have a comfortable retirement in any state in America,” the authors of the report write.
Some states in the Midwest, like Illinois, Indiana, Kansas and Nebraska, had realistic retirement ages as low as 54.
While workers in places like New York, Oregon should expect to work into their late 60s and people in Hawaii can expect to work until their mid-70s.
Here in Georgia, and much of the South, workers can realistically expect to slip into retirement in their late 50s, 57 to be exact, according to the report. But here are some figures to keep in mind ahead of time.
Realistic retirement age and how much it costs in Georgia, according to GoBankingRates:
Realistic retirement age: 57
Savings you need to retire: $737,976
Total savings at 57: $776,321