How Much SHIB for a Chill Retirement? Depends on Your State’s Bill

• Retirement costs in the U.S. vary, from $700K to $2M, based on state and living expenses.
• To retire with $1M using SHIB, you need 45.4 billion tokens at its current price.
• SHIB’s price would need to rise 1,900% to hit $0.00044 for a $2M retirement goal.

The amount of Shiba Inu (SHIB) needed to retire early depends on where you live in the United States. According to an analysis by GOBankingRates, as noted by a CNBC report, retirement expenses vary based on location, with some states requiring more than $1.36 million to cover costs for 25 years.

Depending on the state, the U.S.’s retirement cost can range from $700,000 to over $2 million. GOBankingRates calculated the average cost of living for individuals aged 65 years or older in each state.

For example, retirees in Hawaii require $2 million to manage 25 years of expenses, the highest sum among all U.S. states. But, those in West Virginia can retire comfortably with less than $700,000 for the same duration.

These figures assume retirees are not included in Social Security benefits, which would add to personal savings. According to the Social Security Administration, the payment for the average retiree is approximately $21,566 annually.

Shiba Inu’s Market Performance

Shiba Inu (SHIB) was priced at $0.00002206 at the time of writing, showing an increase of 1.89% over the past day.

Read also: Can Shiba Inu (SHIB) Reach 3 Cents? Analyzing the Path Ahead

With a market capitalization of $12.99 billion and a trading volume of $649.87 million, SHIB has shown positive growth in the short term. However, in terms of supply, SHIB has a circulation of 589.25 trillion tokens.

How Much SHIB to Retire?

With retirement costs in the U.S. ranging from $700,000 to $2 million, the amount of Shiba Inu needed to retire early depends on SHIB’s market price at the time of retirement. At the current price of $0.00002206, retirees would need to hold enough SHIB to meet their financial goals. For example, to reach a $1 million target at today’s price, an individual would need approximately 45.4 billion SHIB tokens.

Additionally, with a $100,000 investment in Shiba Inu at the current price of $0.00002206, investors would receive approximately 4,534,486,528 (4.53 billion) SHIB tokens.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.