One in five 50 -year -old Americans and does not have retirement savings, and more than half care that they do not make it enough money to last once it comes out of the workforce, according to an AARP survey.
However, where US workers live can have a significant impact on their retirement preparation.
Become familiar with some of the key averages in your state, from balances 401 (k) to average income, the expectation of life, the cost of living and more, can help you understand how prepared it is, or not, for its golden years.
Related: How much money do you need to retire comfortably in your state? Here is the breakdown.
Western & Southern Financial Group examined those metrics and others to classify the 50 states according to retirees have the best and worst preparation for retirement.
New Jersey, Connecticut, Maryland, Virginia and Vermont went to the top of the states where people are more prepared for retirement, according to the study.
In addition, Connecticut and New Jersey residents reported the highest average balances of 401 (K): $ 546,000 and $ 514,000, respectively. Residents over 65 in those states also have high medium income: more than $ 96,000.
Related: Here are the best and sausage states for retirement in 2025, according to a new report
Americans living in West Virginia, Mississippi, Arkansas, Tennessee and Arizona can go to the retirement sausage, research chordination.
Mississippi and Arkansas residents reported some of the lowest average balances of 401 (K), at $ 348,000 and $ 364000, respectively. In Virginia Occidental and Arkansas, residents over 65 have average income of less than $ 58,000.
Related: These are the states where $ 1 million in retirement savings last longer (and where it will break in a short time)
See the full classification of Western & Southern Financial Group of the retirement preparation of Americans by the State below:
Image credit: courtesy of Western & Southern Financial Group
One in five 50 -year -old Americans and does not have retirement savings, and more than half care that they do not make it enough money to last once it comes out of the workforce, according to an AARP survey.
However, where US workers live can have a significant impact on their retirement preparation.
Become familiar with some of the key averages in your state, from balances 401 (k) to average income, the expectation of life, the cost of living and more, can help you understand how prepared it is, or not, for its golden years.
