For any prospective retiree, it helps to know how long your nest egg will last in retirement. Whether it’s a conservative goal or an aspirational figure, you need to know how much mileage your money will get.
SmartAsset, a financial technology company, released its third annual study on how long a million-dollar retirement fund will last in cities across the United States. The study factors in expenses for housing, food, healthcare, utilities and more to determine where $1 million lasts the longest for retirees.
Below are the study’s findings for San Diego:
- $1M lasts 16.36 years in retirement in San Diego.
- San Diego ranked number 219 out of 232 U.S. cities analyzed, and number 4 of 8 in California.
Additional details on the study, including the full methodology and interactive map, can be found here: https://smartasset.com/financial-advisor/san-diego-ca-top-financial-advisors#map