00:00In order to exit the workforce, most American adults believe they will need $1.25 million
00:06in savings, especially to retire comfortably. The study by Northwestern Mutual of 2,381 Americans
00:14confirms amounts far beyond most people's reality. A 401k survey by the Charles Schwab
00:21Corporation of 1,000 Workers similarly found respondents thought they needed $1.9 million
00:27to retire. Business Insider confirms few American retirees have $1 million in savings,
00:34which is only said to be enough for a mere 10 years of retirement. The Federal Reserve's
00:40updated data claims in 2019, retirement-age Americans had median retirement funds of $164,000.
00:49The good news is retiring in the right location can make your retirement funds last more than
00:55twice as long. For the projected $1 million retirement aim, Mississippi, Oklahoma and Alabama should
01:02be your new home.
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