Retiring in Washington state comes with a steep price tag, according to new research from NetCredit. The study places Washington as the fifth most expensive state in the country for retirees, with an estimated retirement cost of $967,166.
Researchers calculated the figure using the state’s average retirement age, life expectancy, and local cost of living—plus an additional 20% cushion to account for unexpected expenses.
Hawaii topped the list as the priciest state to retire in, requiring more than $1.09 million, followed by Massachusetts, California, and New York.
On the opposite end of the spectrum, West Virginia was identified as the most affordable state for retirees, with a cost estimate of $712,921.
U.S. Among the Most Expensive Countries to Retire
Globally, the United States ranks as the fifth most expensive country for retirement, with an average required amount of $737,997.
Singapore, Iceland, Switzerland, and Luxembourg took the top four spots. Pakistan, India, Bangladesh, and Nepal were listed as the least expensive countries for retirees.
Some retirees are choosing to move abroad for cost-of-living advantages. One retiree, Albert Greenwood, who relocated from New York to Nepal, said the lifestyle is more affordable but noted that moving far from family can be difficult.
Saving for Retirement
NetCredit emphasized the importance of long-term planning when preparing for retirement. The report encourages individuals to:
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Set clear savings goals
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Calculate total assets and future earnings
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Automate savings
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Use employer-sponsored retirement plans
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Visualize future lifestyle needs to stay motivated
“Seeing the life you want to live in detail can incentivize you to save more,” said Mark Hebner, CEO of Index Fund Advisors.
Washington state is the 5th most expensive state to retire in.
But be careful that you are not too successful or you will be charged the 9.9% Capital Gains Income Tax.
And don’t die here or your family has to pay WA’s 35% Death Tax.@judallas111 https://t.co/QuqJQZEM7L
— Future 42 (@future42org) November 22, 2025