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On a national basis, seniors in 41 of the 50 states, along with those in Washington, D.C., are projected to outlive their savings. Specifically, Seniorly sees those seniors falling short of their retirement needs by an average of $115,000.Read Next: 50 Cheapest Places To Retire Across AmericaExplore More: These Cars May Seem Expensive, but They Rarely Need RepairsUnfortunately, this is the stark reality that many Americans are facing when it comes to retirement. But as bad as these stats from Seniorly are, things are even worse in the great state of New York.Also see how long $1 million in retirement will last in every state.According to Seniorly, New York is No. 1 in the nation when it comes to coming up short in terms of retirement needs. The average senior in New York is expected to face a $448,000 shortfall in retirement. Total expenses are projected at $1.12 million, but retirement income is only $670,000 on average, according to the data.New York is not the most expensive state. In fact, four other states (as well as Washington, D.C.) have higher projected expenses:Hawaii: $1.74 millionMassachusetts: $1.31 millionCalifornia: $1.26 millionWashington, D.C.: $1.14 millionBut New York is still tops in terms of a retirement savings deficit because incomes are higher in these locations. Hawaii, for example, has the highest total retirement income in the nation, at $1.32 million. That’s almost double the income in New York, resulting in the disparity.However, Hawaii still ranks No. 2 in terms of a retirement deficit for its seniors. Massachusetts, California and Washington, D.C., rank No. 6, No. 5 and No. 3, respectively.Check Out: 25 Cities Where You Can Retire in Great Weather for $2,000 a MonthResults of the study vary from state to state, but the bottom line is that only nine states have an average income that exceeds the average expenses in retirement.StateExpected SurplusWashington$146,000Utah$121,000Montana$43,000Colorado$38,000Iowa$32,000Minnesota$23,000Maryland$13,000Kansas$8,000South Carolina$2,000The good thing about retirement projections is that they are just that — projections. While you can’t control every variable when it comes to retirement planning, you can greatly increase your chances for outliving your money. Here are some important steps, according to Seniorly:Use tools: There are plenty of online calculators that can help you determine how long your savings will last. Play with different variables, such as your investment return, longevity and expenses, to see how they can affect your overall outcome.Don’t assume you’re average: No one understands your lifestyle needs better than you do. While the state-by-state averages can be a starting place, tweak that data based on your own personal real-world income and expenses to get a more accurate projection.Optimize your Social Security strategy: You might want to consider working with a financial professional to help you choose the best time to claim your Social Security benefits.Factor in unexpected expenses: Income, investment returns and expenses are all variables that may not come in exactly where you project. To help cover unexpected costs that could otherwise derail your financial plan, build an emergency fund and consider additional insurance, such as long-term care and/or umbrella policies.Talk about your plan: Whether it’s with your spouse, significant other, adult children or financial advisor, bouncing your plan off someone can provide you with insights you might overlook in terms of how your strategy might meet your needs.AGB und DatenschutzerklärungPrivacy & Cookie SettingsMore InfoS&P 5006,466.91 +96.74 (+1.52%)Dow 3045,631.74 +846.24 (+1.89%)Nasdaq21,496.54 +396.22 (+1.88%)Russell 20002,361.95 +87.85 (+3.86%)VIX14.22 -2.38 (-14.34%)Gold3,418.50 +36.90 (+1.09%)PortfolioMelden Sie sich an, um Ihr Portfolio aufzurufen.AnmeldenTop-GewinnerOPEN Opendoor Technologies Inc. 5.01 +1.41 (+39.17%)UI Ubiquiti Inc. 510.23 +119.66 (+30.64%)MNSO MINISO Group Holding Limited 26.63 +4.46 (+20.12%)RXO RXO, Inc. 16.97 +2.27 (+15.44%)NIO NIO Inc. 6.34 +0.80 (+14.44%)Top-VerliererNEGG Newegg Commerce, Inc. 100.75 -15.03 (-12.98%)BJ BJ's Wholesale Club Holdings, Inc. 97.11 -9.05 (-8.52%)INTU Intuit Inc. 662.66 -35.10 (-5.03%)DUOL Duolingo, Inc. 331.87 -13.65 (-3.95%)CSX CSX Corporation 34.58 -1.29 (-3.60%)MeistgehandeltOPEN Opendoor Technologies Inc. 5.01 +1.41 (+39.17%)NIO NIO Inc. 6.34 +0.80 (+14.44%)INTC Intel Corporation 24.80 +1.30 (+5.53%)NVDA NVIDIA Corporation 177.99 +3.01 (+1.72%)LCID Lucid Group, Inc. 2.0300 -0.0600 (-2.87%)GewinnereignisseTrend-WertpapiereINTC Intel Corporation 24.80 +1.30 (+5.53%)BTC-USD Bitcoin USD 114,791.90 -1,772.89 (-1.52%)ETH-USD Ethereum USD 4,749.96 +120.06 (+2.59%)SOL-USD Solana USD 202.52 +8.27 (+4.26%)XRP-USD XRP USD 3.02 -0.01 (-0.29%)Wichtige Wirtschaftsereignisse