Oklahoma ranks no. 2 where $100,000 in retirement savings last longest

• Among all U.S. states, Oklahoma was ranked as the second best state where $100,000 in retirement savings would last the longest.
• $100,000 in retirement savings in Oklahoma would last two years, five months and 21 days, assuming a total annual expenditure of $40,403.
• The study also noted that $1 million would last 24-and-a-half years in retirement in Oklahoma City, making it one of the most affordable U.S. cities for retirees.

Source: GOBankingRates, June 2021. A rank of 1 is most favorable. Study did not account for social security.

For comprehensive Economic Indicators and Regional Data, please visit your Greater Oklahoma City Chamber Economic Development Division at www.greateroklahomacity.com or contact Eric Long, Research Economist – 297-8976; [email protected].

This article originally appeared in the July 2021 edition of The Point.