The survey revealed statewide retirement costs without social security

Retirement remains the best for many Americans, whether they are approaching the so-called “golden age” or if it takes years before leaving the workforce.

The money you need to save to retire without financial stress is an important consideration in the retirement preparation process, and it can vary depending on a variety of factors, including where someone intends to live and the source of retirement income.

Research published this week By GobanKingrates “Comfortable” retirements calculated the amount required without income from Social Security and the associated annual costs faced by retirees in each US state.

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The analysis is because Social Security, a common source of retirement income, considers potential funding issues for future trust funds. Social Security and Medicare trustees recently discovered that if Social Security’s Old Age and Survivor Insurance and Disability Insurance Trust Funds combine, the trust fund can pay 100% of the benefits scheduled for up to 2034, a year before last year’s report. The trust fund can then only pay 81% of the scheduled benefits. This means that Social Security recipients will automatically compensate for their 19% dependency.

A Gobankingrates survey found that the benchmark for “comfortable” retirements was those who held twice the amount of living expenses.

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Hawaii tops its list of places where you need to save most to retire “comfortably” at age 60 without Social Security, and West Virginia, known as Mountain State, said it doesn’t need it.

GobanKingrates has discovered nest eggs that need to accommodate a comfortable retirement at the age of 60 in each state’s Social Security and SANS.

Alabama ($70,492 per year living cost: $1,409,839

Downtown cityscape of Huntsville, Alabama, US Parks and Twilight. (istock / istock)

Alaska ($110,457 living expenses per year): $2,209,137

Arizona ($100,281 living expenses per year): $2,005,627

Arkansas ($67,502 per year living expenses): $1,350,045

California ($155,117 per year living expenses): $3,102,333

Colorado ($114,744 living costs per year): $2,294,882

Connecticut ($105,428 living expenses per year): $2,108,563

Delaware ($94,392 per year living expenses): $1,887,834

Florida ($97,119 per year living expenses): $1,942,374

Georgia ($86,005 per year living expenses): $1,720,096

Hawaii ($186,062 living expenses per year): $3,721,237

The entire Honolulu coastline, including Diamond Head Crater and the foot of the state park, passes through hotel-lined Waikiki Beach and heads far downtown, including suburban districts dotted with hills surrounding the city centre. (istock / istock)

Idaho ($101,912 per year living expenses): $2,038,236

Illinois ($79,736 per year living expenses): $1,594,716

Indiana ($74,029 living expenses per year): $1,480,575

Iowa ($71,373 living expenses per year): $1,427,463

Kansas ($71,534 per year living expenses): $1,430,672

Kentucky ($71,410 living expenses per year): $1,428,204

Louisiana ($67,482 per year living cost: $1,349,639

Main ($98,612 living expenses per year): $1,972,231

Maryland ($101,991 living expenses per year): $2,039,812

Massachusetts ($136,626 living expenses): $2,732,517

Massachusetts ranked 9th among the best states to work remotely. (Joe Sohm/Visions of America/Universal Images Group by Getty Images/Getty Images)

Michigan ($73,780 per year of living expenses): $1,475,595

Minnesota ($88,321 per year living expenses): $1,766,414

Mississippi ($65,523 per year living expenses): $1,310,451

Missouri ($73,667 per year living cost): $1,473,335

Montana ($102,916 per year living expenses): $2,058,322

Nebraska ($76,792 per year living expenses): $1,535,846

Nevada ($103,661 living expenses per year): $2,073,215

New Hampshire ($110,761 living expenses per year): $2,215,216

New Jersey ($118,338 living expenses per year): $2,366,765

New Mexico ($81,627 living expenses per year): $1,632,542

New York ($105,619 per year living expenses): $2,112,384

The Manhattan skyline will be seen at sunrise from the 86th floor observatory in the Empire State Building in New York City on April 3, 2021. ((Angelawice by Getty Images / Photo by AFP) / Getty Images)

North Carolina ($86,857 a year of living expenses): $1,737,146

North Dakota ($78,734 per year living expenses): $1,574,682

Ohio ($73,120 living cost per year: $1,462,391

Oklahoma ($69,161 per year living expenses): $1,383,214

Oregon ($111,541 living expenses per year): $2,230,814

Pennsylvania ($78,582 per year living expenses): $1,571,642

Rhode Island ($109,811 per year living cost: $2,196,222

South Carolina ($81,586 per year living expenses): $1,631,721

South Dakota ($81,949 living expenses per year): $1,638,979

Tennessee ($81,474 living expenses per year): $1,629,482

Texas ($81,985 per year living expenses): $1,639,693

Utah ($110,623 living expenses per year): $2,212,458

Vermont ($97,999 living expenses per year): $1,959,971

Virginia ($96,141 per year cost of living: $1,922,813

Washington ($126,952 per year cost of living: $2,539,048

West Virginia ($64,715 per year living expenses): $1,294,300

Wisconsin ($84,485 per year living expenses): $1,689,700

Wyoming ($88,792 per year living expenses): $1,775,841

Welcome to the Wyoming Highway Sign along Interstate 90 in northern Sheridan. (Don & Melinda Crawford/Education Images/Universal Images Group by Getty Images/Getty Images)

In early June, a Gallup survey found that 50% of non-retired US adults who own a retirement savings account “hopefully enough to live comfortably when they retired.”

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Among those with a lack of retirement savings accounts, there was low confidence, and only 31% reported that they expected to have enough funds in a comfortable golden age.

Eric Rebel contributed to this report.