Financial advisors generally regard $1 million as the gold standard for retirement savings.
However, there are some major U.S. cities where that amount doesn’t stretch nearly as far as you’d hope.
Thanks to data from the Bureau of Labor Statistics and the Council for Community and Economic Research, CNBC’s Emmie Martin was able to calculate how many years a $1 million portfolio would last in each place, with investment returns included.
New York City and San Francisco topped the list as America’s largest money pits. Here are the eight other cities where $1 million runs out the quickest.
Keep reading at CNBC.com.