Data: Retirement income misses 70% threshold in almost all states

06/11/2013 | National Underwriter Life & Health

Nevada and Hawaii are the only states where retirees have managed to replace the recommended 70% of their career income in retirement, according to an analysis of Census Bureau data. Retirees in New Jersey, Rhode Island, North Dakota and Massachusetts fell short of replacing even half of their pre-retirement income, the analysis found. The website divided the median yearly household income of state residents 65 and older by the median yearly household income of those ages 46 to 64 to determine whether retirees were reaching the 70% benchmark.

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