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Your email address will not be published.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

  • An older man wearing an apron carves a floral design into a linoleum block on a wooden workshop table. 9 Free Classes and Courses Retirees Can Access Locally
  • Senior woman repairing an intricate antique wooden clock with fine tools in a sunlit workshop. 7 Social Security Myths That Refuse to Die
  • A woman sits at a kitchen counter inserting a hardware security key into her laptop for two-factor authentication. 7 Signs Your Social Security Account Needs a Security Check Right Now
  • An older woman on her front porch reads a county property tax statement while holding a pen. 10 Property Tax Relief Programs Seniors Should Apply For
  • Mature man wearing safety glasses and an apron tests a solar power inverter circuit board in an electronics workshop. 8 Paid Training Programs for Low-Income Workers Over 55
  • Man at a wooden table holding a Health Savings debit card beside a tablet displaying an HSA balance and benefits documents. The One Account Where the IRS Lets You Avoid Taxes Three Ways
  • Watercolor illustration of a scenic riverside town commons with a church, library, shops, and gathered residents at sunset. 10 Affordable Retirement Towns With Strong Faith and Community Groups
  • Illustration of a camper driving along a road transitioning from a snowy winter landscape into a sunny coastal village. 10 Retirement Towns Where Snowbirds Settle Each November
  • Two senior neighborhood watch volunteers in a golf cart patrol a residential street past a neighborhood watch sign. 12 Retirement Towns With Strong Neighborhood Watch Programs
  • A smiling older man and woman laughing together over wine and food at an outdoor patio table. 11 Places Retirees Move to Find a Second Chance at Love

Newsletter

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

Related Articles

11 Reasons Why Baby Boomers Aren’t Prepared To Retire

Not saving anything According to the IRI survey, an impressive number of 23% have no…

Read More →
Ink and watercolor illustration of reading glasses, an apple, and a hearing aid case on a wooden table.

What Medicare Actually Covers for Dental, Vision, and Hearing

Learn what Medicare actually covers for dental, vision, and hearing care, including Part B medical…

Read More →

10 Dangerous Myths That Could Leave You Broke in Retirement

Myth 2: Medicare will cover healthcare costs in retirement Don’t bet on it. In fact,…

Read More →
An older couple stands inside a modern living room looking out a large sliding glass door toward a sunny desert neighborhood.

10 Biggest Reasons So Many Retirees Say They Regret Moving to Arizona

Learn why so many retirees regret moving to Arizona, including brutal summer heat waves, physician…

Read More →

10 Beach Towns That Are Perfect For All Retirees

Discover the 10 best beach towns for retirees, featuring affordable coastal destinations with excellent healthcare,…

Read More →
Older adults sculpt clay pottery at workstations in a bright art studio filled with shelves of ceramic bowls.

10 Towns With Great Senior Centers and Full Activity Calendars

Explore 10 American towns featuring top-rated senior centers, rich activity calendars, modern fitness amenities, and…

Read More →
A silver motorhome parked on a scenic desert ridge at sunset, overlooking a vast canyon under a purple and orange sky.

8 Retirement Destinations Perfect For RV Lovers

Hitting the open road offers an unmatched sense of freedom, turning your golden years into…

Read More →

U.S. Cities Where It’s Possible to Retire by 40

If you’re dreaming of retiring early and spend the rest of your life in a…

Read More →

13 Truths About Retirement No One Wants To Talk About

Your golden years may come with some unexpected issues if you haven’t managed to plan…

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.