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Your email address will not be published.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 warm mid-century gouache illustration of an older couple happily planning a trip to Europe with a colorful map on their kitchen table. The Cheapest Months to Fly to the Most Popular European Destinations
  • An older woman smiling and laughing while talking on her phone at a sunlit kitchen table with a mug of tea. Telephone Reassurance Programs: Getting Paid to Chat With Seniors
  • An older woman at her sunlit dining table organizing paperwork and folders. Supplemental Security Income: Do You Qualify for Extra Help?
  • An older man happily restoring a wooden chair in his sunlit home workshop, symbolizing flexible and rewarding part-time work. 8 Flexible Part-Time Work That Won't Affect Your SS Benefits
  • A retired woman sits thoughtfully at her sunlit kitchen table, reviewing papers and bills with a warm mug of tea nearby. 16 Things Retirees Often Overpay For Without Realizing
  • An older couple stands on their porch during sunset, looking at a moving truck parked in their driveway. Retirees Regret Choosing These 5 States (Based on Cost and Lifestyle)
  • An older couple sitting at a wooden kitchen table reviewing organized tax documents in warm morning light, representing tax planning. 5 Tax Breaks You Can Claim Without Itemizing in 2026
  • An editorial illustration of a retired couple rolling back a rug to reveal hidden wealth and resources beneath their floorboards. The Retirement Benefits Beyond Traditional Checks - Find Them Here!
  • An editorial gouache illustration showing a stylized Social Security card sliced at the top, revealing gold coins inside. Could Social Security Taxes Change Again?
  • An editorial gouache illustration showing stylized hands adjusting a large monthly benefit check with a ruler and compass. The Benefit Rule That Could Affect Your Monthly Check

Newsletter

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

Related Articles

Top 10 Countries To Live In If You’re Over 60

In recent years, life expectancy rates have increased, so the proportion of adults that are…

Read More →

Does Your Employer Want You to Retire? Here Are 15 Ways to Tell!

They Stop Assigning Long-Term Projects If you’re no longer invited to be a part of…

Read More →
A retired couple calmly reviewing their finances on a tablet in a bright, modern living room.

Retired? Pay Attention to These 15 Hidden Fees That Could

Discover 15 hidden retirement fees that quietly drain your fixed income, including banking traps, investment…

Read More →
A panoramic watercolor illustration showing a transition from green mountains to red deserts and blue lakes.

11 Nature-Filled Destinations Perfect After 60

Discover 11 beautiful, nature-filled retirement destinations that perfectly balance scenic outdoor living with healthcare access…

Read More →

10 Ways To Make the Most Out of Life as a Retiree

Beach Living on the beach is a retirement dream that a lot of seniors share.…

Read More →

10 Most Important Retirement Age Milestones You Need to Consider

Age 49 and Under If you start saving as early as possible in your career,…

Read More →
A man in his 60s reviews retirement savings charts on a tablet at his kitchen table in the morning light.

Is Your 401(k) Keeping Pace? See the Average Balance by Age in 2026

Discover the average 401(k) balance by age in 2026 and learn actionable strategies to benchmark…

Read More →
A happy retired couple walks along a sunny coastal boardwalk at sunset.

12 Locations You’ll Love to Retire To

Discover 12 exceptional U.S. retirement locations carefully selected for their healthcare access, tax friendliness, affordability,…

Read More →
Why More Retirees Are Choosing Part-Time Work In 2026

Why More Retirees Are Choosing Part-Time Work In 2026

Discover why older adults are choosing part-time work in 2026, and learn how to navigate…

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.