Two-thirds of non-retired American adults say their retirement savings are not on track.

This means that where people decide to live after leaving the workforce will influence how far their money will go, a study released Monday by personal finance website WalletHub finds. The best states for retirees have low taxes and cost of living to help retirees’ budgets stretch as far as possible.

“Retirement is supposed to be relaxing, but it can also be incredibly stressful given that it typically puts people on a fixed income, which may not be enough for them to live comfortably,” WalletHub analyst Chip Lupo said in a statement.

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Michael S. Fischer

Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.

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