34. Virginia
$1 million will last: 22 years
With annual expenses of $45,423, people who retire in Virginia can make $1 million last for 22 years. Compared to other states, Virginia ranks best in transportation, where retirees spend the eighth-lowest amount. The state ranked about average in utilities and healthcare. The category that’s more expensive than average is housing, which costs $17,191 a year.
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