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14 Most Expensive Cities To Retire in the US and How Much You’ll Need To Be Comfortable

·3 min read
monkeybusinessimages / iStock.com
monkeybusinessimages / iStock.com

When you shop around for cities to spend your retirement, it's all about finding a place that matches your nest egg -- but not all nest eggs are created equal.

Good To Know: 15 Worst States To Live on Just a Social Security Check
Find Out: 7 Surprisingly Easy Ways To Reach Your Retirement Goals

Business Insider ranked the 14 most expensive cities to retire in America. All require six-figure annual incomes if you want to live there comfortably as a homeowner, and there's not a single one on the list you should consider if you don't have at least $2.6 million in the bank. The most expensive one on the list requires a nest egg of more than $5.7 million.

California dominates the ranking with six cities -- just one shy of half the list -- and nearly all the others are in coastal states, too. In fact, only one city is in a landlocked state, and another isn't in any state at all.

If you have millions of bucks in the bank that you just don't want your kids or a charity to inherit, keep reading to learn about the most expensive cities to retire.

Sean Pavone / Getty Images/iStockphoto
Sean Pavone / Getty Images/iStockphoto

Miami, Florida

  • Annual income needed to live comfortably as a homeowner: $104,965

  • Retirement savings you'd need to live comfortably: $2,624,125

Kyle Sprague / Shutterstock.com
Kyle Sprague / Shutterstock.com

Portland, Oregon

  • Annual income needed to live comfortably as a homeowner: $106,256

  • Retirement savings you'd need to live comfortably: $2,656,400

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Creative-Family / Getty Images/iStockphoto
Creative-Family / Getty Images/iStockphoto

Denver, Colorado

  • Annual income needed to live comfortably as a homeowner: $109,020

  • Retirement savings you'd need to live comfortably: $2,725,500

DenisTangneyJr / Getty Images
DenisTangneyJr / Getty Images

Boston, Massachusetts

  • Annual income needed to live comfortably as a homeowner: $129,389

  • Retirement savings you'd need to live comfortably: $3,234,725

Ron_Thomas / Getty Images
Ron_Thomas / Getty Images

San Diego, California

  • Annual income needed to live comfortably as a homeowner: $137,826

  • Retirement savings you'd need to live comfortably: $3,445,650

DenisTangneyJr / Getty Images/iStockphoto
DenisTangneyJr / Getty Images/iStockphoto

Long Beach, California

  • Annual income needed to live comfortably as a homeowner: $138,698

  • Retirement savings you'd need to live comfortably: $3,467,450

f11photo / Getty Images/iStockphoto
f11photo / Getty Images/iStockphoto

Washington, D.C.

  • Annual income needed to live comfortably as a homeowner: $142,230

  • Retirement savings you'd need to live comfortably: $3,555,750

Sean Pavone / Getty Images/iStockphoto
Sean Pavone / Getty Images/iStockphoto

Seattle, Washington

  • Annual income needed to live comfortably as a homeowner: $144,786

  • Retirement savings you'd need to live comfortably: $3,619,650

DenisTangneyJr / Getty Images/iStockphoto
DenisTangneyJr / Getty Images/iStockphoto

Oakland, California

  • Annual income needed to live comfortably as a homeowner: $145,274

  • Retirement savings you'd need to live comfortably: $3,631,850

OlegAlbinsky / iStock.com
OlegAlbinsky / iStock.com

New York City, New York

  • Annual income needed to live comfortably as a homeowner: $148,448.00

  • Retirement savings you'd need to live comfortably: $3,711,200

Eloi_Omella / Getty Images/iStockphoto
Eloi_Omella / Getty Images/iStockphoto

Los Angeles, California

  • Annual income needed to live comfortably as a homeowner: $150,392

  • Retirement savings you'd need to live comfortably: $3,759,800

anouchka / Getty Images
anouchka / Getty Images

Honolulu, Hawaii

  • Annual income needed to live comfortably as a homeowner: $190,201

  • Retirement savings you'd need to live comfortably: $4,755,025

NicolasMcComber / Getty Images/iStockphoto
NicolasMcComber / Getty Images/iStockphoto

San Jose, California

  • Annual income needed to live comfortably as a homeowner: $197,502

  • Retirement savings you'd need to live comfortably: $4,937,550

Sean Pavone / Getty Images/iStockphoto
Sean Pavone / Getty Images/iStockphoto

San Francisco

  • Annual income needed to live comfortably as a homeowner: $230,286

  • Retirement savings you'd need to live comfortably: $5,757,150

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This article originally appeared on GOBankingRates.com: 14 Most Expensive Cities To Retire in the US and How Much You’ll Need To Be Comfortable