This is how long $1 million in retirement really lasts.
Once a nest egg hits the $1 million mark, most soon-to-be retirees assume they are set. Depending on where you live, that may not be enough.
Considering that many families spend more than 100 percent of their income after taxes on monthly expenses alone, personal finance site GoBankingRates measured how long $1 million in savings would last in cities across the country by comparing average expenses for people age 65 and older, including groceries, housing, utilities, transportation and health care.
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