A new analysis from Investopedia found that a single American who retires at 65 needs roughly $898,000 in savings to fund a comfortable retirement. But the required nest egg varies sharply — from about $644,000 in North Dakota to more than $1 million in New Jersey, Hawaii, California and Washington, D.C.

An individual age 65 or older who lives alone spends about $59,600 a year on average, according to 2024 Consumer Expenditure Survey data from the U.S. Bureau of Labor Statistics cited in the Investopedia report. Of that total, Social Security covers roughly $23,700, based on the details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com