Loading
Tap on the profile icon to edit
your financial details.

Top Financial Advisors in Missouri

Your Details Done
by Updated

Finding a Top Financial Advisor Firm in Missouri

Choosing the right financial advisor is crucial, but with so many advisors out there, finding a strong fit for you is much easier said than done. To help you through your search, we did some of the heavy lifting by collecting a number of important factors on each of the firms below, such as their assets under management (AUM), fees and investment strategies. Start your search with this list of the top financial advisor firms in Missouri. You can also use SmartAsset’s free financial advisor matching tool to connect with local advisors.

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Moneta Group Investment Advisors, LLC Moneta Group Investment Advisors, LLC logo Find an Advisor

Read Review

$23,734,428,158 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Educational seminars

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Educational seminars
2 Buckingham Strategic Partners, LLC Buckingham Strategic Partners, LLC logo Find an Advisor

Read Review

$16,454,743,716 $500,000
  • Portfolio management
  • Financial planning
  • Pension consulting
  • Selection of other advisors
  • Publication of periodicals or newsletters
  • Educational seminars/workshops

Minimum Assets

$500,000

Financial Services

  • Portfolio management
  • Financial planning
  • Pension consulting
  • Selection of other advisors
  • Publication of periodicals or newsletters
  • Educational seminars/workshops
3 Buckingham Strategic Wealth Buckingham Strategic Wealth logo Find an Advisor

Read Review

$15,588,232,820 Varies based on account type
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

Let us help match you with the right financial advisor for your needs.

Answer a few questions to get a personalized match.
Get started
4 Prairie Capital Management, LLC Prairie Capital Management, LLC logo Find an Advisor

Read Review

$5,027,456,952 Varies based on account type
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
5 Plancorp, LLC Plancorp, LLC logo Find an Advisor

Read Review

$4,538,740,641 No set account minimum
  • Financial planning services
  • Portfolio management
  • Pension consulting services

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
6 BKD Wealth Advisors, LLC BKD Wealth Advisors, LLC logo Find an Advisor

Read Review

$3,229,064,610 No set account minimum
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors
7 Frontier Wealth Management Frontier Wealth Management logo Find an Advisor

Read Review

$3,052,309,014 No set account minimum
  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of other advisors (including private fund managers)
8 HM Capital Management, LLC HM Capital Management, LLC logo Find an Advisor

Read Review

$2,951,904,261 No set account minimum
  • Portfolio management
  • Financial planning
  • Family consulting
  • Pension consulting

Minimum Assets

No set account minimum

Financial Services

  • Portfolio management
  • Financial planning
  • Family consulting
  • Pension consulting
9 Matter Family Office Matter Family Office logo Find an Advisor

Read Review

$2,909,776,650 $5,000,000
  • Investment management
  • Wealth planning
  • Selection of other advisers (including private fund managers)
  • Educational seminars/workshops
  • Create and administer pooled investment vehicles

Minimum Assets

$5,000,000

Financial Services

  • Investment management
  • Wealth planning
  • Selection of other advisers (including private fund managers)
  • Educational seminars/workshops
  • Create and administer pooled investment vehicles
10 Cornerstone Wealth Management Cornerstone Wealth Management logo Find an Advisor

Read Review

$2,325,226,703 Varies based on account type
  • Asset management
  • Retirement plan consulting
  • Financial planning
  • Consulting
  • Referrals to third-party advisors

Minimum Assets

Varies based on account type

Financial Services

  • Asset management
  • Retirement plan consulting
  • Financial planning
  • Consulting
  • Referrals to third-party advisors

How We Found the Top Financial Advisor Firms in Missouri

For this list, we only considered financial advisor firms in the state of Missouri that are registered fiduciaries with the U.S. Securities and Exchange Commission (SEC). We removed from consideration any advisory practices that have disclosures, don’t manage individual accounts or don’t offer financial planning services. The top 10 firms that made the cut are listed here, sorted from the highest assets under management (AUM) to lowest.

All information is accurate as of the writing of this article.

Moneta Group Investment Advisors, LLC

Moneta Group Investment Advisors, LLC

Moneta Group Investment Advisors, LLC is a wealth advisory firm headquartered near St. Louis that has been doing business since the Great Depression. It currently works with hundreds of clients who hold billions in assets under management (AUM). High-net-worth individuals make up the largest portion of the firm’s client base, but it also works with non-high-net-worth individuals, pension plans, charitable organizations and corporations.

The firm employs hundreds of advisors. Among them are 95 certified financial planners (CFPs), 34 certified public accountants (CPAs) and 13 chartered financial analysts (CFAs).

Moneta is fee-based, as some of its advisors are registered representatives of a broker-dealer and some are separately licensed to sell insurance products like life insurance or annuities. While this creates the potential for conflicts of interest, the firm is bound by fiduciary duty to always act in its clients’ best interests.

Moneta Group Investment Advisors Background

Moneta Group Investment Advisors can trace its history back to 1869, and it is owned by Lawrence E. King and Daniel P. Gale. The firm provides financial planning and portfolio management services for both individuals and businesses, along with outside advisor selection. Moneta doesn’t typically impose an account minimum for new clients.

Fees at Moneta are determined on a case-by-case basis, so there is no standard schedule that applies to all clients. Percentage-based fees generally fall between 0.50% and 1.00%, with minimum annual fees also being determined from client to client.

Moneta Group Investment Advisors Investment Philosophy

At the start of every client relationship, Moneta Group draws up an investment policy statement (IPS) that lays out how the firm will approach building the client’s portfolio. The policy will factor in the client’s investment objectives, risk tolerance, performance expectations, income tax considerations and general economic considerations, among other factors.

Moneta Group, like many firms, views asset allocation as the key determinant for long-term investment results, and as such, it tailors the allocation of each portfolio to match the client’s goals and comfort level. Fixed-income investments such as bonds are used to provide stable income and mitigate risk. Equity securities are used to generate the potential for growth, and alternative investments may be used to increase diversification or expected return.

Buckingham Strategic Partners, LLC

Buckingham Strategic Partners, LLC

Buckingham Strategic Partners, LLC (BSP) is a fee-based firm serving more than 61,000 client accounts, including individuals, high-net-worth individuals, pension and profit sharing plans, investment companies, charitable organizations, other investment advisors, corporations and other businesses. The firm generally requires a minimum account size of $500,000.

BSP has dozens of advisors with a wide span of qualifications, including the certified financial planner (CFP), certified public accountant (CPA), accredited asset management specialist (AAMS), chartered financial analyst (CFA), chartered retirement plan specialist (CRPS), personal financial specialist (PFS), financial paraplanner qualified professional (FPQP), chartered life underwriter (CLU), chartered financial consultant (ChFC) and more. See the team’s full list of specialties here. 

The firm’s compensation arrangements include asset-based fees, fixed fees and shared fees with other independent registered investment advisors (RIAs). But several advisors are also registered broker-dealers, allowing them to earn additional compensation from investment products. This could create a conflict of interest, but BSP says it works under a fiduciary responsibility.

Buckingham Strategic Partners Background

Formerly named BAM Advisor Services (BAM), BAM and Loring Ward merged their businesses to form BSP. BSP is a subsidiary of Focus Operating, LLC, which is in turn owned by Focus Financial Partners, LLC. Focus Financial Partners, Inc. owns Focus Financial Partners, LLC, and both BSP and BSW are affiliated.

Founded in 1997, BSP’s advisory services include portfolio management, financial planning, pension consulting, selection of other advisors, publication of periodicals or newsletters and educational seminars and workshops.

Buckingham Strategic Partners Investment Philosophy

BSP says its services are based on long-term investment strategies rooted in the principles of modern portfolio theory (MPT). The firm’s investment approach holds that markets are efficient and that returns are ultimately determined by asset allocation decisions, according to its firm brochure.

The firm typically uses passively-managed or evidence-based mutual funds when constructing diversified portfolios.

Buckingham Strategic Wealth

Buckingham Strategic Wealth

Buckingham Strategic Wealth is a fee-based firm that opened for business back in 1994. It currently works with individuals, high-net-worth individuals, pension plans, charitable organizations and businesses. The firm has the third largest-amount in assets under management (AUM) on this list.

Some Buckingham advisors are also registered representatives of a securities broker-dealer, meaning they may earn commissions for overseeing certain securities transactions. This creates the potential for a conflict of interest, but the firm must always abide by its fiduciary duty to act in its clients’ best interest. Many of these advisors also have certifications like certified financial planner (CFP), certified public accountant (CPA), accredited investment fiduciary (AIF), chartered retirement plan consultant (CRPC), chartered financial analyst (CFA) and chartered financial consultant (ChFC).

For advisory fees, the firm typically calculates comprehensive wealth management fees as a percentage of your AUM, with the rate ranging from 0.40% to 1.25%. These charges will likely also include financial planning fees. For clients looking for just investment management, the firm charges a minimum quarterly fee of $250.

Buckingham Strategic Wealth has a minimum annual fee of $5,000. While it technically doesn’t have a minimum investment requirement, the firm accepts new clients with less than $500,000 in assets on a case-by-case basis.

Buckingham Strategic Wealth Background

Buckingham Strategic Wealth was founded in 1994 and is headquartered in St. Louis. It’s a wholly owned subsidiary of Focus Financial, LLC, a massive nationwide network of financial advisors. The firm employs numrous advisors, only some of whom work out of its headquarters.

The firm offers portfolio management, financial planning, financial consulting and advisory services for retirement plans.

 

Buckingham Strategic Wealth Investment Philosophy

Buckingham Strategic Wealth believes in evidence-based investing, and ascribes six key tenets to that philosophy:

  • Outperforming the market is difficult.
  • Size, value and momentum are all crucial elements of stock selection.
  • Global diversification is the starting point.
  • The primary role of fixed-income is to reduce portfolio volatility.
  • Academic evidence supports modest use of alternative investment strategies.
  • Evidence-based investing slowly evolves over time.

When constructing client portfolios, Buckingham typically opts for mutual funds and exchange-traded funds (ETFs) over individual stocks. The firm will also invest in fixed-income securities such as bonds to mitigate risk and provide income. Some of the funds the firm invests in may contain alternative investments such as real estate investment trusts (REITs) or commodity futures.

Prairie Capital Management, LLC

Prairie Capital Management, LLC

Prairie Capital Management, LLC is a wealth advisory firm that was established in 1995. Over the years, it’s accrued more than 400 clients who hold billions in assets under management (AUM). The firm’s client base is home to high-net-worth individuals, pooled investment vehicles, pension plans, charitable organizations, insurance companies and corporations. Prairie Capital doesn’t specify an account minimum of its own, but it does offer investments in several private funds, which themselves have minimums ranging from $50,000 to $1 million.

Prairie Capital Management is a fee-based firm, meaning its advisors may earn commissions by conducting certain securities transactions as registered representatives of a broker-dealer. While this creates a potential conflict of interest, the firm has a fiduciary duty to always act in your best interest.

The firm employs dozens of advisors, some of whom have earned professional certifications including chartered financial analyst (CFA) and certified public accountant (CPA).

Prairie Capital Management Background

Prairie Capital Management was established in 1995 by Rob R. Schneider, Brian N. Kaufman and Curtis A. Krizek. The firm provides financial planning, portfolio management, consulting for retirement plans and the selection of outside advisors. In addition to its Kansas City office, the firm has branches in the Chicago and Dallas areas. 

The firm doesn’t provide specifics regarding how its advisory fees are normally calculated, but fees can come in the form of hourly charges, fixed fees or a percentage of AUM. Prairie Capital Management may charge performance-based fees, which is relatively uncommon industry-wide.

Prairie Capital Management Investment Philosophy

Prairie Capital Management typically invests client assets in a combination of mutual funds, exchange-traded funds (ETFs), private investment funds, individual stocks and cash or cash equivalents.

The firm starts each investment process by evaluating the client’s specific financial goals and objectives. With these factors in mind, the firm will develop an initial asset allocation between broad asset classes like equity, fixed-income and alternative investments. Prairie Capital advisors will monitor the chosen allocation continuously, also keeping an eye on any independent managers selected. The firm typically performs holistic portfolio reviews on a quarterly basis.

Plancorp, LLC

Plancorp, LLC

Plancorp, LLC has been around since 1983. Headquartered in St. Louis, the firm currently manages the fifth-largest amount in assets from thousands of clients. The firm’s clients are a standard mix of individuals and high-net-worth individuals, pension plans, charitable organizations and corporations.

The firm doesn’t impose an account minimum, but it does charge a minimum annual fee of $5,000. Keep in mind that this minimum may cause Plancorp’s services to be cost prohibitive for you.

Among the firm’s advisors are 24 certified financial planners (CFPs), 23 accredited investment fiduciaries (AIFs), four certified public accountants (CPAs) and five chartered financial analysts (CFAs).

Plancorp Background

Plancorp first opened for business in 1983, and it’s 40% owned by Prumentum Group, Inc., a holding company. The remaining shares of the company are owned by members of the Plancorp board of managers, leadership team and other employees. The firm offers fee-only investment management and financial planning services to its clients, as well as consulting services for pensions and other qualified retirement plans.

For investment management services, the firm will typically charge you 0.45% to 1.00% of your invested assets, although it may decide to negotiate a different fee. For financial planning or other consulting services, the firm will typically negotiate a fixed fee based on the scope and complexity of the services being provided. This fee usually ranges from $4,000 to $20,000.

Plancorp Investment Philosophy

Plancorp's investment philosophy centers around modern portfolio theory (MPT), which attempts to minimize volatility and maximize returns for a given level of risk. The firm generally opts for a passive asset management style over an active one, and therefore, it often recommends no-load passively managed mutual funds.

Plancorp doesn’t frequently build portfolios with individual stocks, bonds or actively managed mutual funds. However, it may include these investments in special circumstances if it feels that doing so would best meet the specific needs of the client. With every portfolio, the firm stresses fee and tax minimization.

BKD Wealth Advisors, LLC

BKD Wealth Advisors, LLC

BKD Wealth Advisors, LLC employs several financial advisors. This team serves thousands of clients and manages billions in assets. Founded in 1998, the firm works with individuals, high-net-worth individuals, pension plans, charitable organizations and corporations. BKD doesn’t have a minimum account size, but it does generally charge a minimum annual fee of $7,500, which could make its services cost prohibitive for some clients.

For wealth management services, the firm charges a percentage of your assets under management (AUM) from 0.45% to 1.50%. For investment consulting clients, the firm may choose to charge either an hourly fee between $100 and $500 or a negotiable fixed fee. For financial planning services, the firm may charge either a fixed fee between $500 and $30,000 or an hourly fee between $140 and $500.

Some advisors at BKD are separately licensed to sell insurance products, like life insurance or annuities. Selling these products may generate a commission for the advisor, which in turn creates the potential for a conflict of interest. However, the firm must follow its fiduciary duty to its clients and always act in their best interests.

Many BKD advisors have professional certifications, like certified financial planner (CFP), certified public accountant (CPA) and chartered financial analyst (CFA).

BKD Wealth Advisors Background

BKD Wealth Advisors was established in 1998. The firm is owned by BKD, LLC, a nationwide CPA and advisory firm. The firm offers wealth management, investment consulting, financial planning and retirement plan consulting.

The firm has dozens of advisors in total, working out of 40 different offices in 18 states. The firm has locations in Branson, Joplin, St. Louis and Kansas City, and its headquarters are in Springfield.

BKD Wealth Advisors Investment Philosophy

BKD Wealth Advisors usually invests in mutual funds, exchange-traded funds (ETFs), individual stocks, bonds and alternative investments. Often the firm concludes that a portfolio primarily, or even exclusively, made of mutual funds is the most appropriate choice for many clients’ situations.

The firm prioritizes global diversification when investing client assets, as it believes this is crucial for mitigating against risk in the long term. Additionally, the firm makes sure to keep each client’s tax considerations top of mind when making investment decisions.

Frontier Wealth Management, LLC

Frontier Wealth Management

Frontier Wealth Management, LLC has billions in assets under management (AUM), and it serves more than 2,000 individual clients. Individuals, high-net-worth individuals, pooled investment vehicles, pension plans, charitable organizations and corporations make up the firm’s client base. While the firm itself has no minimum account size, many of the funds it recommends require a minimum investment of $25,000. This means that clients with smaller accounts may find it difficult to adequately diversify.

As for advisory fees, financial planning fees can come in the form of a fixed fee or an hourly fee, and the amount can vary depending on the scope of the services provided and the complexity of your financial situation. Investment management fees are charged as a percentage of your AUM, usually between 0.25% and 1.50%.

Among the firm’s advisors are three certified financial planners (CFPs) and one chartered financial consultant (ChFC).

Frontier Wealth Management Background

Frontier Wealth Management was founded in 2007, making it the youngest firm on this list. Headquartered in Kansas City, the firm also has offices in Wichita, Kansas; Albany, Georgia; St. Louis, Missouri; Phoenix, Arizona; Lone Tree, Colorado; and Hutchinson, Kansas.

Frontier specializes in both investment management and financial planning.

Frontier Wealth Management Investment Philosophy

Frontier Wealth Management strongly believes that a proper asset allocation means much more than simple diversification. In the firm’s eyes, a portfolio that’s diversified but isn’t tailored to the specific investing goals of the client is a portfolio that isn’t achieving its potential. The firm applies an understanding of its clients’ financial situations, as well as the tenets of modern portfolio theory (MPT), to construct investment portfolios that both mitigate against unnecessary risk and align with their personal objectives and needs.

Frontier generally invests with a long-term view, intending to hold on to investments for a year or longer. This isn’t always the case, though, particularly if it doesn’t fit with the needs of the client or if a portfolio needs rebalancing.

HM Capital Management, LLC

HM Capital Management, LLC

HM Capital Management, LLC has been an investment advisor in Missouri since 2005. Its clients are a mix of individuals, high-net-worth individuals, pooled investment vehicles, pension plans, charitable organizations, insurance companies and corporations. The firm has about $2.9 billion in assets under management (AUM).

HM typically charges wealth management fees as a percentage of your AUM between 0.50% and 2.00%. This fee normally covers both portfolio management and financial planning. However, while the firm doesn’t impose a minimum account size, it does charge a minimum annual fee of $15,500, which may make its services cost prohibitive for some clients.

The firm employs multiple advisors, with two certified financial planners (CFPs), one certified private wealth advisor (CPWA), one personal finanical specialist (PFS), one qualified 401(k) plan administrator (QKA) and three certified public accountants (CPAs) among them. 

HM Capital Management Background

HM Capital Management was formed in 2005 and keeps its headquarters in Clayton. It’s principally owned by the MEK Family Trust, Karen Gloriod, Maribeth Snodgrass and Benjamin Westerman. HM provides fee-only portfolio management and financial planning to its clients, as well as consulting for families and retirement plans. 

HM Capital Management Investment Philosophy

HM Capital Management’s investment approach is centered around comprehensive planning and strategic asset allocation. The firm starts each relationship by sitting down with the client and establishing what their financial goals, risk tolerance and preferences are. From there, advisors will determine the most appropriate mix of investments.

Securities used in HM’s portfolios may include equities, securities issued by foreign issuers, warrants to purchase securities, corporate debt securities, commercial paper, certificates of deposit (CDs), municipal securities, mutual funds, securities issued by the U.S. government and exchange-traded funds (ETFs).

Matter Family Office

Matter Family Office

Matter Family Office is the next firm in our roundup, having been founded in 1990. It has a client base that’s split between individuals, high-net-worth individuals, pooled investment vehicles and charitable organizations. In addition, Matter Family Office has the highest account minimum of any firm on this list at $5 million. The firm may accept clients beneath this mark, provided they adhere to a minimum annual fee of $35,000.

There are multiple advisors working here. Across this staff, there are nine certified financial planners (CFPs), two chartered financial analysts (CFAs) and two certified public accountants (CPAs).

Fees for advisory services at the firm tend to fall between 0.25% and 1.00% of your assets under management (AUM). Keep in mind that the firm has a minimum annual fee of $35,000, meaning that if you have less than $3.5 million in assets, you will wind up paying higher than a 1.00% fee.

Matter Family Office Background

Matter Family Office was created in 1990. Headquartered in St. Louis, the firm is wholly owned by Matter Holding Company, Inc., which in turn is owned by the current management team and employees of the firm. This fee-only firm provides investment management, wealth planning and consulting services to its clients.

Matter Family Office Investment Philosophy

Matter Family Office approaches investing with an emphasis on diversification across asset classes, investment styles and markets in order to maximize expected return for a given level of risk. The firm also uses the services of Asset Consulting Group, an external investment consultant, to help formulate portfolio recommendations. With this assistance, the firm constructs asset allocations for each portfolio that seeks to optimize investment opportunities while staying tailored to each client’s specific financial needs.

Cornerstone Wealth Management, LLC

Cornerstone Wealth Management

Cornerstone Wealth Management, LLC has been providing investment advice to clients in the Missouri area since 2005. It has the largest client base of any firm on this list, working with close to 13,000 individuals, high-net-worth individuals, pension plans, charitable organizations and corporations. The firm has no account minimum.

Cornerstone Wealth Management employs a large staff of advisors, some of whom work in different states and operate under various business names. Many advisors have earned professional certifications such as certified financial planner (CFP), chartered financial analyst (CFA) and accredited investment fiduciary (AIF).

Certain Cornerstone advisors are registered representatives of a broker-dealer, which means they may earn commissions for conducting certain securities transactions. Additionally, some advisors are separately licensed to sell insurance products, which may also generate commissions. These commissions create the potential for conflicts of interests, but the fee-based firm is still bound by fiduciary duty to always act in your best interest.

Fees for investment advisory services are based on a percentage of your assets under management (AUM) that can range up to 2.50%. Financial planning services may come with a fixed or an hourly fee. If fixed, the fee will end up being anywhere from $500 to $5,000. If hourly, the fee will be somewhere around $300.

Cornerstone Wealth Management Background

Cornerstone Wealth Management was founded in 2005, and it’s headquartered in St. Peters. The firm is principally owned by Gregory Shoemaker and Joseph Keifer. The firm provides financial planning and consulting, on top of asset management services. Additionally, the firm refers some client assets to third-party advisors from time to time.

Cornerstone Wealth Management Investment Philosophy

Cornerstone Wealth Management primarily invests in individual stocks or bonds, exchange-traded funds (ETFs), exchange-traded notes (ETNs), options, mutual funds and other public and private securities.

The firm constructs portfolios that are customized to each client’s investment objectives and tolerance for risk. Instead of focusing primarily on security selection, Cornerstone advisors attempt to arrive at the appropriate balance of securities, fixed-income instruments and cash that matches the client’s goals and financial situation.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research