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# California Seniors Projected to Face $337,000 Retirement Shortfall
- URL: https://www.smdp.com/california-seniors-retirement-shortfall/
- Published: 2025-12-25T22:09:00.000Z
- Updated: 2026-01-06T22:11:29.000Z
- Author: Ross Furukawa
- Tags: retirement

A new study finds seniors in 41 states and D.C. are projected to outlive their savings and California faces the No. 5 highest shortfall of $337,000.

The “magic number” that Americans think they need to retire is $1.26 million, according to a 2025 study from Northwestern Mutual. However, even that lofty goal may not guarantee peace of mind considering how costs for housing, healthcare, food and essentials have risen sharply. When deciding where to retire, it is important for seniors to understand where their nest egg will stretch the furthest. 

[Seniorly](http://www.seniorly.com/?ref=smdp.com) today released a study on [Where Seniors are Most Likely to Outlive Their Savings ](https://www.seniorly.com/resource-center/seniorly-news/where-seniors-are-most-and-least-likely-to-outlive-their-savings?ref=smdp.com)after analyzing life expectancy at age 65, Social Security income, net worth, and cost of living expenses in all 50 states and D.C.

![](https://storage.ghost.io/c/55/9f/559f9abc-8372-4a2e-8c2d-27386da4e363/content/images/2026/01/data-src-image-44cc983d-0464-4e45-b2f0-ff12a8c0f9a0.jpeg)

The latest data from the Social Security Administration, Bureau of Labor Statistics, Census Bureau, and Center for Disease Control and Prevention was used to determine the rankings.

**Key Findings:**

- California: average retirement income is $926,000, average expenses are $1.26 million, which accounts for the $337,000 shortfall.
- New York has the No. 1 highest shortfall of $448,000.
- Nationally the average seniors will be $115,000 short.
- Washington has the No. 1 highest surplus of $146,000.

The findings underscore the critical importance of cost-conscious retirement planning as Americans navigate an increasingly expensive landscape. Financial advisors recommend seniors carefully evaluate state-by-state living costs before making relocation decisions.