Americans derive their retirement income<\/a> from a variety of sources, which can include personal retirement savings, such as through a 401(k) plan or IRA, as well as annuities, pension plans and Social Security benefits.<\/p>\n The average annual Social Security benefit amounts to $24,852, based on the monthly average of $2,071 reported by the Social Security Administration in January 2026.<\/p>\n A new analysis by MoneyLion that utilized data from the MIT Living Wage Calculator estimated the annual income required to retire comfortably<\/a> in each state, which ranges from a high of $64,504 in Hawaii to a low of $40,627 in West Virginia.<\/p>\n SOCIAL SECURITY ANNOUNCES COST-OF-LIVING ADJUSTMENT FOR 2027<\/a><\/p>\n A new analysis by MoneyLion using the MIT Living Wage Calculator examined the income needed to retire comfortably in each state. (Getty Images)<\/p>\n Here’s a look at the state-by-state breakdown of the annual income a single adult without children would need to retire comfortably, according to MoneyLion’s analysis<\/a> of the MIT Living Wage Calculator.<\/p>\n Income requirements by stateAlabama: $43,814Alaska: $51,965Arizona: $50,900Arkansas: $41,615California:<\/a> $63,402Colorado: $54,071Connecticut: $54,178Delaware: $49,484Florida<\/a>: $50,117Georgia: $50,351Hawaii: $64,504<\/p>\n THE AMERICAN DREAM NOW COSTS $5.3M AS HOMEOWNERSHIP, COLLEGE COSTS SURGE<\/a><\/p>\n Hawaii and California had the highest income needed for retirement, while West Virginia was the lowest. (iStock)<\/p>\n Idaho: $49,091Illinois: $50,796Indiana: $45,326Iowa: $44,273Kansas: $44,994Kentucky: $42,040Louisiana: $42,378Maine: $51,465Maryland: $53,949Massachusetts: $63,610Michigan<\/a>: $45,914Minnesota: $48,475Mississippi: $43,025Missouri: $44,244Montana: $50,409Nebraska: $45,241Nevada: $50,259New Hampshire: $53,604New Jersey: $56,884New Mexico: $45,607New York<\/a>: $62,167North Carolina: $46,745North Dakota: $42,874<\/p>\n AMERICANS’ RETIREMENT SAVINGS GROW AS MORE FAMILIES PARTICIPATE IN PLANS<\/a><\/p>\n Ohio<\/a>: $43,674Oklahoma: $43,119Oregon: $55,047Pennsylvania: $48,515Rhode Island: $52,024South Carolina: $46,469South Dakota: $42,706Tennessee: $44,959Texas<\/a>: $45,290Utah: $51,407Vermont: $51,831Virginia: $53,505Washington: $55,316West Virginia: $40,627Wisconsin: $45,504Wyoming: $44,614 Social Security is one of the income streams that American retirees rely on. (iStock)<\/p>\n![\"A](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/10\/retirement-planning-couple-home.jpg\")
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