Retiring any time can be a challenge, thanks to Americans' well-documented struggle to save enough to live on once the job goes away.

Where you live can make a big difference in how well you can manage financially, and once you've retired it's no different.

Retiring early can present a whole bunch of additional challenges, since drawing Social Security before full retirement age means there will be a smaller check to rely on for the rest of your life—and since you'll still have to pay for health care, choosing a state where those costs are lower can make a big difference in both the short and long runs.

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