Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

The Best Places to Retire If You Can’t Save Up $1 Million

November 4, 2019 · Retirement Life

Memphis, Tennessee

If music is a big part of your life, consider Memphis. You can enjoy live blues, soul and rock ‘n’ roll to your heart’s desire. Memphis’ quality of life score is 65 and its percentage of seniors is just a little lower, at 11.8%.

It’s also the cheapest on our list so far, as you’ll only need $41,615 per year. Here’s how the numbers add up:

  • 20 years: $850K
  • 18 years: $750K
  • 12 years: $650K

Springfield, Missouri

It’s no wonder Springfield sounds attractive. The percentage of seniors 65 and older is a whopping 14,9% and it’s no wonder. The livability score is 65 and the annual expenditure is also pretty low at $43,399. This is the perfect destination for fans of the outdoors. There are 92 parks to choose from for your stroll or picnic, including the Botanical Center at Nathanael Greene/Close Memorial Park, and a zoo.

In this city, you’ll definitely feel like you’re a part of a big, loving community. Here’s how long you can bank on living in Springfield:

  • 20 years: $850K
  • 17 years: $750K
  • 11 years: $650K

Mobile, Alabama

If Springfield isn’t to your taste but you still want to live somewhere with a high percentage of seniors, Mobile is a fantastic place to settle down. Said percentage is up to 15,5%! Again, the quality of life score is at 65 and you’ll need $43,102 a year. Here’s how long your savings will last you:

  • 20 years: $850K
  • 17 years: $750K
  • 11 years: $650K
Pages: 1 2

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A panoramic view of the twin crater lakes of Sete Cidades in the Azores, featuring one blue and one green lake surrounded by lush green hill 9 Scenic (and Cheap) Destinations That Rarely Disappoint
  • A retiree looks out over a lush tropical valley at sunset from a terracotta balcony, holding a coffee mug. 10 Best Countries to Retire Abroad in 2027
  • A retired couple stands amidst moving boxes in their living room, bathed in warm afternoon sunlight during their relocation process. 8 Common Relocation Mistakes Retirees Tend to Make
  • 7 Costco Items Worth Buying in Retirement Because They Actually Lower What You Spend Each Month
  • A retired couple at a kitchen table looking at a map and tablet, planning their next move to a surprise retirement destination. 8 Places That Surprise Retirees in the Best Possible Way
  • A panoramic watercolor illustration showing a transition from green mountains to red deserts and blue lakes. 11 Nature-Filled Destinations Perfect After 60
  • A retired couple sits on a coastal bench in Maine at twilight, looking out at a harbor with lobster boats. 9 Charming Northern Spots for Retirement
  • A stylized gouache illustration of a western landscape featuring mountains, red rock mesas, and pine forests under a warm afternoon sun. 10 Western Retirement Spots with Incredible Lifestyle Appeal
  • Three active seniors walking through a vibrant, sunlit downtown plaza with a dog and coffee, representing a fulfilling retirement lifestyle. 9 Places Where Seniors Are Finding More Things to Do
  • A senior man at a kitchen table early in the morning, looking at a laptop with a financial graph, representing proactive retirement planning Social Security's 2027 COLA Forecast Just Changed - Here's What Retirees Should Know

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

22 Ways to Protect Your Retirement From a Possible Recession

Whatever You Do, Don’t Panic “Even if you’ve just retired or you’re planning to retire…

Read More →

Here’s the No. 1 Reason Seniors Work Well into Retirement

A recent poll has looked at the retirement situation in America, bringing to light some…

Read More →

7 Best Things You Could Do With Your Found Money

A man in a tweed jacket reflects on his personal goals while writing in a…

Read More →
A retired couple looking out from a balcony during golden hour.

30 Dangerous Things to Your Retirement

Discover the 30 most dangerous threats to your retirement savings, including hidden tax traps, Medicare…

Read More →
A senior woman in a sunlit home studio carves patterns into a ceramic bowl, surrounded by pottery tools and a warm, domestic atmosphere.

How Seniors Are Turning Their Hobbies Into Real Income in 2026

Discover practical strategies for seniors to successfully turn their favorite hobbies into flexible, reliable side…

Read More →

7 Social Security Scams You Need to Pay Attention to

Threats Whether you get a sudden phone call or a voice message, saying that your…

Read More →

12 Smarter Options You Should Try Before Raiding Your Retirement Funds

Emergency Fund An emergency fund is just what its name suggests: a fund designated for…

Read More →

Social Security’s Latest Raise Is Nothing to Write Home About

The Cost of Living Adjustment, also known as COLA, is something seniors throughout America are…

Read More →

18 Surprisingly Affordable Retirement Destinations You’ve Never Considered Before

Nampa, Idaho Most people might have heard about Boise being one of the best places…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.