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How long does $1 million last in retirement in Bakersfield?

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Posted at 11:44 AM, Jan 10, 2018
and last updated 2018-01-10 14:44:23-05
 
Having $1,000,000 set aside for retirement sounds like a good plan, right? In many places that could be the case.
 
However, that million dollar retirement fund will get you a lot further in some cities than it will in others. A study done by Financial Technology Company looked at expenses for housing, food, healthcare, utilities and more to determine where $1M lasts the longest.
 
Below are the study’s findings for Bakersfield:
  • The study found that $1M lasts 26.32 years in retirement in Bakersfield
  • Bakersfield ranked number 1 out of 9 California cities included in the study