I Asked ChatGPT Where Retirees Will Run Out of $1 Million the Fastest

Core Insights - Retirees are advised to aim for approximately $1 million in retirement savings, supplemented by Social Security, to ensure financial stability during retirement years [1] State Analysis - New Jersey: $1 million in retirement savings can last about 24.2 years, influenced by high property taxes and living costs [4] - Washington: Savings are expected to last around 21.9 years, with high housing prices and elevated costs for food and utilities [5] - Massachusetts: Retirement funds may only last about 19.4 years due to expensive housing, high property taxes, and costly utilities [6]