This is how long $1 million in retirement really lasts.
by comparing average expenses for people age 65 and older, including groceries, housing, utilities, transportation and health care.
Dollars stretched the furthest in cities like Houston, Austin, Texas, and Memphis, Tennessee, where annual expenditures were around $40,000 a year.$1 million will last: 25 years, 11 months$1 million will last: 24 years, 6 months$1 million will last: 24 years, 3 monthsmuch faster in hotspots like New York, Boston and San Francisco by spending upward of $55,000 annually just getting by.
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