Many Americans are motivated to save money for retirement by getting up every morning to go to work. Although Social Security payments can provide a financial foundation for retirement, they are often insufficient to cover the most basic expenses, particularly in uncertain times like the coronavirus pandemic.

The average American senior will spend approximately $987,000 per year after retirement, based on the 19.4-year national average life expectancy. People who want a financially secure and comfortable retirement should save more.

Here are retirement spending of 10 states

1. Alabama
* Total retirement spending$877,072 (3rd lowest)
* Average. Cost of living14.2% less than the avg. (3rd lowest).
* Median monthly homeownership costs, pop. 65 and older:$358 (6th Lowest)
*Pop. *Pop.17.4% (20th highest).

2. Alaska
• Est. total retirement spending: $1,159,339 (13th most)
• Avg. cost of living: 5.1% more than avg. (9th highest)
• Median monthly homeownership cost, pop. 65 & older: $536 (15th highest)
• Pop. 65 & older: 12.4% (2nd lowest)

3. Arizona
• Est. total retirement spending: $1,117,884 (18th most)
• Avg. cost of living: 3.7% less than avg. (25th highest)
• Median monthly homeownership cost, pop. 65 & older: $419 (16th lowest)
• Pop. 65 & older: 18% (13th highest)

4. Arkansas
• Est. total retirement spending: $875,611 (2nd least)
• Avg. cost of living: 15.3% less than avg. (2nd lowest)
• Median monthly homeownership cost, pop. 65 & older: $348 (4th lowest)
• Pop. 65 & older: 17.4% (22nd highest)

5. California
• Est. total retirement spending: $1,391,547 (2nd most)
• Avg. cost of living: 16.4% more than avg. (2nd highest)
• Median monthly homeownership cost, pop. 65 & older: $588 (11th highest)
• Pop. 65 & older: 14.8% (6th lowest)

6. Colorado
• Est. total retirement spending: $1,177,006 (12th most)
• Avg. cost of living: 1.9% more than avg. (13th highest)
• Median monthly homeownership cost, pop. 65 & older: $485 (25th highest)
• Pop. 65 & older: 14.7% (5th lowest)

7. Connecticut
• Est. total retirement spending: $1,237,069 (7th most)
• Avg. cost of living: 5% more than avg. (10th highest)
• Median monthly homeownership cost, pop. 65 & older: $898 (2nd highest)
• Pop. 65 & older: 17.6% (16th highest)

Also Read: Kate Middleton attends Wimbledon tennis final after self-isolation

8. Delaware
• Est. total retirement spending: $1,113,686 (19th most)
• Avg. cost of living: 0.6% less than avg. (17th highest)
• Median monthly homeownership cost, pop. 65 & older: $448 (20th lowest)
• Pop. 65 & older: 19.5% (5th highest)

9. Florida
• Est. total retirement spending: $1,184,110 (9th most)
• Avg. cost of living: 1% more than avg. (16th highest)
• Median monthly homeownership cost, pop. 65 & older: $516 (20th highest)
• Pop. 65 & older: 20.9% (2nd highest)

10. Georgia
• Est. total retirement spending: $995,777 (15th least)
• Avg. cost of living: 6.8% less than avg. (24th lowest)
• Median monthly homeownership cost, pop. 65 & older: $409 (14th lowest)
• Pop. 65 & older: 14.3% (4th lowest)