In 16 U.S. states, at least $1 million is needed for a comfortable retirement.

According to GOBankingRates.com, the cost of retirement can vary by as much as $1.36 million depending on your location in the U.S.

GOBankingRates determined the annual expenses for housing, food, utilities, transportation, and health care for people 65 years or older in each state, using data from the Bureau of Labor Statistics and the Missouri Economic Research and Information Center to calculate the amount of money needed to retire.

The study assumes that retirees will receive an average annual Social Security payment of $21,566.76, which is multiplied by 25 or 30 years, excluding Social Security payments, to determine their total retirement savings.

The projections don't factor in inflation, and the cost of living in each state is expected to increase annually. Nevertheless, the value of invested savings is likely to increase as well.

In Hawaii, you would need more than $2 million to retire for 25 years, which is the highest amount needed in any state.

In addition to Massachusetts, California, and New York, there are 12 other states where you need at least $1 million saved up to retire. These states, primarily located along the coast and featuring large cities, have high housing costs.

While the U.S. average for retirement expenses is $1,003,548 for 30 years, you'd only need less than $700,000 for a 25-year retirement in West Virginia, the lowest in the country.

Your retirement needs and priorities will determine how much you need to retire, despite projections being a helpful tool in estimating your retirement funds.

In alphabetical order, here is a breakdown of the annual retirement costs for each state, as well as the total amounts required to retire in 25 and 30 years, excluding Social Security benefits.

Alabama

Annual retirement expenditures: $50,995
Minimum needed for 25 years of retirement: $735,718
Minimum needed for 30 years of retirement: $883,745

Alaska

Annual retirement expenditures: $73,082
Minimum needed for 25 years of retirement: $1,287,880
Minimum needed for 30 years of retirement: $1,547,003

Arizona

Annual retirement expenditures: $63,600
Minimum needed for 25 years of retirement: $1,050,826
Minimum needed for 30 years of retirement: $1,262,253

Arkansas

Annual retirement expenditures: $51,169
Minimum needed for 25 years of retirement: $740,054
Minimum needed for 30 years of retirement: $888,954

California

Annual retirement expenditures: $78,864
Minimum needed for 25 years of retirement: $1,432,425
Minimum needed for 30 years of retirement: $1,720,630

Colorado

Annual retirement expenditures: $61,807
Minimum needed for 25 years of retirement: $1,006,017
Minimum needed for 30 years of retirement: $1,208,429

Connecticut

Annual retirement expenditures: $65,855
Minimum needed for 25 years of retirement: $1,107,199
Minimum needed for 30 years of retirement: $1,329,968

Delaware

Annual retirement expenditures: $58,281
Minimum needed for 25 years of retirement: $917,845
Minimum needed for 30 years of retirement: $1,102,516

Florida

Annual retirement expenditures: $58,396
Minimum needed for 25 years of retirement: $920,736
Minimum needed for 30 years of retirement: $1,105,989

Georgia

Annual retirement expenditures: $52,557
Minimum needed for 25 years of retirement: $774,745
Minimum needed for 30 years of retirement: $930,625

Hawaii

Annual retirement expenditures: $103,610
Minimum needed for 25 years of retirement: $2,051,077
Minimum needed for 30 years of retirement: $2,463,757

Idaho

Annual retirement expenditures: $57,240
Minimum needed for 25 years of retirement: $891,827
Minimum needed for 30 years of retirement: $1,071,263

Illinois

Annual retirement expenditures: $53,077
Minimum needed for 25 years of retirement: $787,754
Minimum needed for 30 years of retirement: $946,251

Indiana

Annual retirement expenditures: $52,672
Minimum needed for 25 years of retirement: $777,636
Minimum needed for 30 years of retirement: $934,097

Iowa

Annual retirement expenditures: $51,978
Minimum needed for 25 years of retirement: $760,291
Minimum needed for 30 years of retirement: $913,262

Kansas

Annual retirement expenditures: $50,533
Minimum needed for 25 years of retirement: $724,154
Minimum needed for 30 years of retirement: $869,855

Kentucky

Annual retirement expenditures: $53,886
Minimum needed for 25 years of retirement: $807,990
Minimum needed for 30 years of retirement: $970,559

Louisiana

Annual retirement expenditures: $52,441
Minimum needed for 25 years of retirement: $771,854
Minimum needed for 30 years of retirement: $927,152

Maine

Annual retirement expenditures: $64,005
Minimum needed for 25 years of retirement: $1,060,944
Minimum needed for 30 years of retirement: $1,274,407

Maryland

Annual retirement expenditures: $66,375
Minimum needed for 25 years of retirement: $1,120,208
Minimum needed for 30 years of retirement: $1,345,595

Massachusetts

Annual retirement expenditures: $85,571
Minimum needed for 25 years of retirement: $1,600,097
Minimum needed for 30 years of retirement: $1,922,038

Michigan

Annual retirement expenditures: $52,614
Minimum needed for 25 years of retirement: $776,191
Minimum needed for 30 years of retirement: $932,361

Minnesota

Annual retirement expenditures: $54,580
Minimum needed for 25 years of retirement: $825,336
Minimum needed for 30 years of retirement: $991,394

Mississippi

Annual retirement expenditures: $50,128
Minimum needed for 25 years of retirement: $714,036
Minimum needed for 30 years of retirement: $857,701

Missouri

Annual retirement expenditures: $51,053
Minimum needed for 25 years of retirement: $737,163
Minimum needed for 30 years of retirement: $885,482

Montana

Annual retirement expenditures: $59,610
Minimum needed for 25 years of retirement: $951,090
Minimum needed for 30 years of retirement: $1,142,450

Nebraska

Annual retirement expenditures: $52,614
Minimum needed for 25 years of retirement: $776,191
Minimum needed for 30 years of retirement: $932,361

Nevada

Annual retirement expenditures: $58,454
Minimum needed for 25 years of retirement: $922,181
Minimum needed for 30 years of retirement: $1,107,725

New Hampshire

Annual retirement expenditures: $66,838
Minimum needed for 25 years of retirement: $1,131,771
Minimum needed for 30 years of retirement: $1,359,485

New Jersey

Annual retirement expenditures: $63,773
Minimum needed for 25 years of retirement: $1,055,162
Minimum needed for 30 years of retirement: $1,267,462

New Mexico

Annual retirement expenditures: $54,291
Minimum needed for 25 years of retirement: $818,109
Minimum needed for 30 years of retirement: $982,713

New York

Annual retirement expenditures: $73,140
Minimum needed for 25 years of retirement: $1,289,325
Minimum needed for 30 years of retirement: $1,548,739

North Carolina

Annual retirement expenditures: $55,621
Minimum needed for 25 years of retirement: $851,354
Minimum needed for 30 years of retirement: $1,022,647

North Dakota

Annual retirement expenditures: $54,522
Minimum needed for 25 years of retirement: $823,890
Minimum needed for 30 years of retirement: $989,658

Ohio

Annual retirement expenditures: $53,308
Minimum needed for 25 years of retirement: $793,536
Minimum needed for 30 years of retirement: $953,196

Oklahoma

Annual retirement expenditures: $50,186
Minimum needed for 25 years of retirement: $715,482
Minimum needed for 30 years of retirement: $859,437

Oregon

Annual retirement expenditures: $66,317
Minimum needed for 25 years of retirement: $1,118,762
Minimum needed for 30 years of retirement: $1,343,858

Pennsylvania

Annual retirement expenditures: $54,811
Minimum needed for 25 years of retirement: $831,118
Minimum needed for 30 years of retirement: $998,339

Rhode Island

Annual retirement expenditures: $64,756
Minimum needed for 25 years of retirement: $1,079,735
Minimum needed for 30 years of retirement: $1,296,979

South Carolina

Annual retirement expenditures: $54,522
Minimum needed for 25 years of retirement: $823,890
Minimum needed for 30 years of retirement: $989,658

South Dakota

Annual retirement expenditures: $53,077
Minimum needed for 25 years of retirement: $787,754
Minimum needed for 30 years of retirement: $946,251

Tennessee

Annual retirement expenditures: $52,267
Minimum needed for 25 years of retirement: $767,518
Minimum needed for 30 years of retirement: $921,943

Texas

Annual retirement expenditures: $53,771
Minimum needed for 25 years of retirement: $805,100
Minimum needed for 30 years of retirement: $967,086

Utah

Annual retirement expenditures: $60,420
Minimum needed for 25 years of retirement: $971,326
Minimum needed for 30 years of retirement: $1,166,758

Vermont

Annual retirement expenditures: $66,433
Minimum needed for 25 years of retirement: $1,121,653
Minimum needed for 30 years of retirement: $1,347,331

Virginia

Annual retirement expenditures: $58,627
Minimum needed for 25 years of retirement: $926,517
Minimum needed for 30 years of retirement: $1,112,934

Washington

Annual retirement expenditures: $66,895
Minimum needed for 25 years of retirement: $1,133,217
Minimum needed for 30 years of retirement: $1,361,221

West Virginia

Annual retirement expenditures: $49,261
Minimum needed for 25 years of retirement: $692,354
Minimum needed for 30 years of retirement: $831,657

Wisconsin

Annual retirement expenditures: $55,158
Minimum needed for 25 years of retirement: $839,790
Minimum needed for 30 years of retirement: $1,008,757

Wyoming

Annual retirement expenditures: $53,886
Minimum needed for 25 years of retirement: $807,990
Minimum needed for 30 years of retirement: $970,559

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