Report: The Most Realistic Retirement Age in Every State

[familyandfarming]

This might be of interest to some.

The Finance site GOBankingRates has released a post of Realistic Retirement ages for Residents in Every State.
https://www.gobankingrates.com/retirement/planning/most-realistic-retirement-age-every-state/

To find out the most realistic retirement age state by state, GOBankingRates used its own data in concert with that of the Census Bureau and based it on the following assumptions:

Employment began at age 22
“Workers followed the 50/30/20 rule — allocating 50% of personal income to necessities, 30% to wants and 20% to savings.”
Of the 20% put toward savings, “14% was put in a typical savings account and 6% was put into a 401(k) with a 50% employer match (up to 3%)” and an average annual return of 5%.

Clark Howard's website created a state list from that original site that's a lot easier to navigate, and doesn't require you to click 50 times to navigate the 50 states...
https://clark.com/personal-finance-credit/investing-retirement/realistic-retirement-age-state-report/?utm_source=Clark+Newsletter+List&utm_campaign=45d4160c45-Clark_Daily_Newsletter&utm_medium=email&utm_term=0_afa92deb83-45d4160c45-73190713#disqus_thread

[BlueHouse]

I am so F-ing tired of being left out of clickbait articles AND not having full congressional representation because I live in the nation's capital. 

Anybody who is against DC statehood can suck it. 

[Gerard]

What struck me about the list is how similar the ages are, really. Basically a few years on either side of 60 (assuming a savings rate that's low by mustachian standards, but probably higher than average). The correlation between COL and what you can earn/save is pretty darn tight!

If only it was possible to earn in one place, save more than 20%, and then retire somewhere else! :-)

[Kierun]

Retirement age of 74, we win!!  8 more years than the runner-up.


oh wait :(