Retired in America

Your Guide to a Confident Retirement

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

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

October 14, 2019 · Retirement Life

If you’re dreaming of retiring early and spend the rest of your life in a city where you can make the most of your golden years, then Honolulu is the place to go.

Hawaii’s state capital is no.1 in terms of the ideal cities for retirees to live in, especially for those who tried to save as much as possible during their working years in order to be able to retire early.

Honolulu ranked first in terms of the preferences of typical workers living in various U.S. metropolitan areas who also:

  • have a household income in the 75th percentile
  • enter employment at age 22
  • have average annual expenditures, other than housing, and save the rest of their money
  • live in two-bedroom apartments
  • plan on having a constant cost of living
  • live on investment accounts and compounded savings from the 40s onwards

For this type of worker, Honolulu, as strange as it may seem, is the perfect choice when it comes to cities where you could retire early. But don’t think Honolulu is a piece of heaven with really cheap living expenses.

Truth be told, it’s actually quite expensive to live in Hawaii and even high-earning workers need to think things through to avoid running out of money in case of an extended retirement. Notwithstanding the costs, Honolulu is also a place that offers a lot of perks for workers, facilitating their early retirement and helping them obtain the necessary amount of money and savings to retire early.

“Honolulu historically offers a great rate of home value appreciation, and there are many investment opportunities. If you are able to afford to retire here, you can’t beat the sunny weather and year-round beach and hiking. The amazing natural beauty draws many people to stay permanently, and Honolulu offers plenty of shops and restaurants” said Ali Ban form the real estate company Redfin.

Among some other benefits, Hawaii has the lowest effective real-estate tax rate for homeowners while Honolulu is considered one of the best U.S. cities in terms of public transit.

Top 6 U.S. cities evaluated in respect to top-earning workers who save aggressively in order to retire by 40:

Tampa, Florida, USA downtown skyline at dusk

Honolulu: Estimated yearly savings of $77,805

Boston: $82,105

Washington, D.C.: $91,495

Chicago: $68,222

Tampa, Florida: $52,523

Baltimore: $73,674

How you can retire early, too

“Let’s say you’re 20 years old and can manage to put away $100 a month into your retirement fund. Assuming you average 8% returns — possible with good investments — you’ll have somewhere in the neighborhood of a half-million dollars by age 65. Even better, over that 45-year period, you’ll only have invested $54,000 of your money to get all that cash in return.”

In short, you need to do some planning and start saving as early as possible so that you can enjoy a carefree retirement.

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

  • What $3,000 a Month Really Looks Like in Retirement Based on Where You Live What $3,000 a Month Really Looks Like in Retirement Based on Where You Live
  • An older couple in casual clothes sitting at a wooden kitchen table, looking at a tablet together in warm natural light. Here's What the Average Social Security Check Is in August (How Do You Compare?)
  • A retired couple walks down a peaceful, tree-lined suburban sidewalk during the warm golden hour. 10 Best Retirement Cities With Peaceful Neighborhoods
  • 10 Small Towns Where Retirees Can Live Like Millionaires 10 Small Towns Where Retirees Can Live Like Millionaires
  • An older veteran looking skeptically at a tablet showing a $10,000 XRP claim, watercolor illustration. American Veterans Are About to Receive $10,000 in XRP From Ripple - More Here!
  • A retired couple standing on a sunny balcony in Europe overlooking a coastal town at sunset. 10 Things to Know About Retiring Abroad
  • A thoughtful 68-year-old man sitting on his porch during golden hour, holding a warm mug. Here's the Average Social Security Benefit of 68-Year-Old Americans (How Do You Compare?)
  • A stylized gouache illustration of a couple walking along a path divided into Taxable, Tax-Deferred, and Tax-Free segments. In What Order Should You Tap Your Retirement Funds? (Find Out Here!)
  • An active retired couple laughing together on a wooden lakeside porch in New Hampshire during a warm autumn morning. The 10 States Where Retirees Receive the Highest Median Social Security Benefit Checks
  • A retired couple hiking hand-in-hand along a scenic desert trail lined with cacti during a warm, golden sunset. 20 Affordable Desert Towns Retirees Are Falling in Love With

Newsletter

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

Related Articles

A retired couple standing on a sunny balcony in Europe overlooking a coastal town at sunset.

10 Things to Know About Retiring Abroad

Learn the 10 critical financial, healthcare, and lifestyle factors you must evaluate before relocating for…

Read More →
A collage showing a 'Perfect Retirement' blueprint peeling back to reveal complex financial ledgers and medical charts underneath.

8 Retirement Plans That Sound Good But Rarely Work Out

Discover why popular retirement plans like full-time RV living, zero-tax state relocations, and chasing dividends…

Read More →

10 Ways These 3 Virtual Assistants Can Improve the Lives of Seniors

THE AGE OF VIRTUAL ASSISTANTS IS HERE If you think that smart devices such as…

Read More →

12 Retirement Ideas That Work for Any Household

Whether your retirement is years down the line or just around the corner, it’s a…

Read More →

11 Reasons Why Baby Boomers Aren’t Prepared To Retire

Baby boomers might be the luckiest generation we had ever known. They were born at…

Read More →

12 Ways To Relieve Your Financial Anxiety

The topic of financial anxiety has been for a very long time extremely underrated. Truth…

Read More →
A senior couple planning a trip with a map and tablet in a sunlit, cozy living room, representing a modern approach to retirement.

8 Retirement Trends Nobody Saw Coming In 2026

Discover the surprising 2026 retirement trends reshaping senior lifestyles, from climate-driven relocation to direct primary…

Read More →

22 Ways to Live a Comfortable Retirement on Social Security Alone

A smiling senior woman manages her retirement budget on a tablet in her bright, modern…

Read More →

5 Ways Medicare Will Change In 2021

Medicare will change some things this year, so if you’re a senior who relies on…

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.