Register | Forgot Your Password? | Close

The cost of retiring in Arizona is going up.

A new study shows shows people with assets of more than a million dollars need about $2.3 million to fund their retirement. Jason Miller with BMO Private Bank said some people need more than others.

"It depends on other factors, such as the incomes that they have coming in -- social security, pensions -- [that] will help determine what asset base they actually need to be able to sustain their specific spending levels," Miller said.

Miller says 90 percent of Arizona's wealthy feel confident about their ability to achieve their ideal retirement lifestyle, compared to 94 percent nationwide.,

share this story:
Attention Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus

World Class Arizona

  • Dignity Health

    World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.

Voice For A Better Arizona

  • Family in Focus

    KTAR spends the week taking a look at the issues a modern Arizona family faces.