Clark Biweekly 2 26 25

Author

Anthony Hazzard
February 27, 2025

Depending on where you live, having $1 million in savings at retirement may or may not be enough. We have all the details later in this email. 

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💵 How Long Will $1 Million Last in Retirement?

Amassing $1 million in retirement savings has long been a significant milestone. But based on where you live, that money may last 12 years – or 89.

That’s according to data from GOBankingRates, which Visual Capitalist put in a graphic and in a sortable table.

The same $1 million, plus Social Security, can last for 77 more years in West Virginia than it will in Hawaii.

Here are the five states where your money will evaporate the fastest:

  1. Hawaii: 12 years

  2. California: 16 years

  3. Massachusetts: 19 years

  4. Washington: 22 years

  5. New Jersey: 24 years

And here are the five states where your money will last the longest:

  1. West Virginia: 89 years

  2. Mississippi: 87 years

  3. Louisiana: 77 years

  4. Arkansas: 77 years

  5. Oklahoma: 71 years

The data also suggests that $1 million plus Social Security is enough at present to fund at least 30 years of retirement in 36 of the 50 states.

📊 Stat of the Day

📺️ $36 billion: The amount of money YouTube made on advertising in 2024. Though many consider Netflix the king of streaming, Netflix’s total revenue in 2024 was $39 billion – not much more than YouTube made on ads alone.

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🎙️ Podcast

Are you seeing an uptick in junk calls? Clark is, too. He explains why we’re seeing a surge in spam calls and texts. Plus, Clark shares his rule for dealing with the calls. Also, the desalinization of water has been an expensive process, but a new breakthrough promises usable drinking water from our oceans at a much cheaper price.

☎️ Need Money Help?

The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.

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