The Brief
- Figures show Californians would need $2.3M in savings to retire comfortably.
- California is the second most expensive in the country.
- A savings of more $1M is needed in 23 states for a comfortable retirement.
OAKLAND, Calif. – A new analysis suggests that Californians would need $2.3 million saved up if they want to retire comfortably for 20 years.
According to figures from the personal finance site GOBankingRates, that breaks down to an annual amount of $162,045 for your nest egg.
To achieve the comfortable retirement threshold, that would mean saving $4,334 a month starting at age 20.…