The Average Retirement Age in Every State – Yahoo Finance

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Retiring early seems to be on everyone's minds these days. The growing popularity of the so-called FIRE movement -- short for financial independence, retire early -- is a testament to how much everyone seems to be craving a slice of "the easy life." The good news is that in many U.S. states, what most people would call an "early" retirement is within reach. Although "full retirement age" for Social Security purposes isn't until age 67, the average retirement age in every single state -- with the exception of the District of Columbia -- is below 67. On average, retirees in the U.S. hang up their work boots at age 64, according to Money Talks News.

Read More: Social Security Cost-of-Living Adjustments Arent Enough to Pay Higher Costs for SeniorsFind Out: Heres Exactly How Much Savings You Need To Retire In Your State

Of course, to truly live a comfortable retirement takes more than desire -- it also takes a large chunk of cash.

If nothing else, this study proves two things. First, the state in which you live can play a big role in how early you can retire, as evidenced by the low average retirement ages across wide swaths of the South and Midwest. Next, it takes more than $1 million to have a comfortable retirement in any state in America -- or over $2 million in the case of Hawaii and the District of Columbia -- so it's important to work with a retirement advisor or the best 401(k) providers to help boost your savings as much as possible.

Check out when you can expect to retire, based on your state of residence.

Last updated: March 30, 2021

Birmingham, Alabama, USA downtown city skyline.

Average retirement age: 62

Annual cost of a comfortable retirement: $49,099

Retirement savings needed: $883,790

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Alaska, USA - August 12, 2016: Downtown Juneau with flowers in the foreground with painted wooden storefront buildings and the Red Dog Saloon.

Average retirement age: 61

Annual cost of a comfortable retirement: $79,249

Retirement savings needed: $1,505,740

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Tucson, Arizona, USA downtown skyline with Sentinel Peak at dusk.

Average retirement age: 63

Annual cost of a comfortable retirement: $58,327

Retirement savings needed: $991,560

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Hot Springs, Arkansas, USA - May 23, 2014: Historic Bath House Row at sunrise.

Average retirement age: 62

Annual cost of a comfortable retirement: $47,836

Retirement savings needed: $861,053

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SAN FRANCISCO, CA -31 AUG 2017- The Chinatown neighborhood of San Francisco is the oldest Chinatown in the United States and the largest Chinese community outside Asia.

Average retirement age: 64

Annual cost of a comfortable retirement: $83,279

Retirement savings needed: $1,332,457

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Centennial Colorado aerial view

Average retirement age: 65

Annual cost of a comfortable retirement: $60,357

Retirement savings needed: $905,350

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Hartford Connecticut in the fall

Average retirement age: 65

Annual cost of a comfortable retirement: $70,817

Retirement savings needed: $1,062,257

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State Capitol Building of Delaware.

Average retirement age: 63

Annual cost of a comfortable retirement: $58,418

Retirement savings needed: $993,101

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Washington's city street and post office tower at sunrise, Washington, DC, USA.

Average retirement age: 67

Annual cost of a comfortable retirement: $94,248

Retirement savings needed: $1,225,222

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Naples, Florida, USA downtown skyline at dusk.

Average retirement age: 64

Annual cost of a comfortable retirement: $56,382

Retirement savings needed: $902,116

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Helen, Georgia, USA - May 7, 2013: The square in the Appalachian town of Helen.

Average retirement age: 63

Annual cost of a comfortable retirement: $50,066

Retirement savings needed: $851,122

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Palm tree silhouette at sunset, Hawaii, USA.

Average retirement age: 66

Annual cost of a comfortable retirement: $120,909

Retirement savings needed: $1,692,722

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City of Idaho Falls in Idaho State showing famous landmark church in autumn, USA.

Average retirement age: 64

Annual cost of a comfortable retirement: $52,962

Retirement savings needed: $847,388

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Old State Capitol in Springfield, Illinois - Image.

Average retirement age: 64

Annual cost of a comfortable retirement: $54,657

Retirement savings needed: $874,507

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Indianapolis, Indiana canal walk

Average retirement age: 63

Annual cost of a comfortable retirement: $50,697

Retirement savings needed: $861,848

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Morning in Des Moines, Iowa.

Average retirement age: 65

Annual cost of a comfortable retirement: $52,399

Retirement savings needed: $785,982

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Wichita, Kansas, USA - Augusst 31, 2018: The confluence of the Arkansas and Little Arkansas River at the Keeper of the Plains near downtown Wichita at dawn.

Average retirement age: 65

Annual cost of a comfortable retirement: $50,223

Retirement savings needed: $753,339

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Frankfort, Kentucky, USA town skyline on the Kentucky River at dusk.

Average retirement age: 62

Annual cost of a comfortable retirement: $51,082

Retirement savings needed: $919,469

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The St.

Average retirement age: 62

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The Average Retirement Age in Every State - Yahoo Finance