How Long Does $1 Million Last In Retirement In San Diego?

By Neiko Will, KPBS

Smart Asset looked at how long a million dollars would last a retiree in various cities around the country, and ranked them accordingly. San Diego was not at the top of those rankings.

Researchers came up with an average cost of living for each city by adding up how much someone would need for housing, food, healthcare, utility and transportation expenses for a year.

Based on those numbers, McAllen, Texas was at the top of the list. The study found that a retiree there with a million dollars saved up can enjoy 42 work-free years. In San Diego, a million dollars will last you less than twenty years.

Read full article at KPBS