Study: How Long $1 Million Lasts for Retirees in Houston

10/31/20

For any prospective retiree, it helps to know how long your nest egg will last in retirement. Whether it’s a conservative goal or an aspirational figure, you need to know how much mileage your money will get.

SmartAsset, a financial technology company, released its third annual study on how long a million-dollar retirement fund will last in cities across the United States. The study factors in expenses for housing, food, healthcare, utilities and more to determine where $1 million lasts the longest for retirees.

Below are the study’s findings for Houston:

- $1M lasts 24.09 years in retirement in Houston.

- Houston ranked number 119 out of 232 U.S. cities analyzed, and number 15 of 22 in Texas.

Additional details on the study, including the full methodology and interactive map, can be found here: https://smartasset.com/financial-advisor/houston-tx-top-financial-advisors#map

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