Many Americans worry their retirement savings won’t last — and a new report suggests that fear may be justified in Mississippi.

Surveys have shown that Americans fear running out of money in retirement more than they fear death itself. People are living longer, which means retirement lasts longer, and retirement costs are rising. 

A new report from CareScout, the long-term care network, finds that the average American at age 65 faces a retirement shortfall of $109,000. That’s the difference between how much income they can expect, from Social Security, savings and other sources, and how much they should plan to spend on the expenses of daily life. 

American retirees are likely to outlive their savings in 41 states, according to the data.

The report draws on state-level estimates of life expectancy at age 65 (16 to 20 years, more or less, depending on the state), average retirement benefits, median net worth and expected retirement expenses. 

How likely are you to outlive your retirement savings in Mississippi? Here’s what we know about life expectancy, expenses and how much retiring here costs.

Mississippi retirees face a $160K savings gap

The average Mississippi senior can expect about $682,000 in expenses and $521,000 in income in retirement. Projected shortfall: $160,000. 

It’s the 13th-largest shortfall in the U.S.

The state has some of the most affordable food costs and home prices in the country, but overall wages are also much lower than the national average.

What’s a realistic retirement age in Mississippi?

Nasdaq studied realistic retirement numbers for each state. For Mississippi, they determined that a realistic retirement age is 61 and recommend having at least $764,676 saved.

Mississippi residents aren’t taxed on income from:

• Social Security benefits
• IRAs
• 401(k)s
• Pensions
• Military benefits

The state income tax is also being phased out.

How long Mississippians live after age 65

Mississippi ranked next-to-last for life expectancy in a CDC list of all 50 states and the District of Columbia. Data from 2022 is the newest available.

The Magnolia State had an average life expectancy of 72.6 years.

For men, Mississippi ranked 51st at 69.5 years. Women ranked 50th with an average life expectancy of 75.7.

At age 65, people in Mississippi are expected to live another 16.7 years, on average. It’s about 15.3 years for men and 17.9 years for women.

Retirement may last longer than you think

American life expectancy is about 79 years. By the time you reach retirement, however, you can expect to live longer than the overall life expectancy figure suggests. A woman of 70, for example, can expect to live to 87.    

The Mississippi Lottery offers several draw games for those aiming to win big.

Here’s a look at June 25, 2026, results for each game:

Winning Mississippi Match 5 numbers from June 25 drawing

01-06-09-13-23

Check Mississippi Match 5 payouts and previous drawings here.

Winning Cash 3 numbers from June 25 drawing

Midday: 3-3-8, FB: 5

Evening: 4-0-8, FB: 7

Check Cash 3 payouts and previous drawings here.

Winning Cash 4 numbers from June 25 drawing

Midday: 2-8-3-2, FB: 5

Evening: 5-0-3-2, FB: 7

Check Cash 4 payouts and previous drawings here.

Winning Cash Pop numbers from June 25 drawing

Midday: 01

Evening: 07

Check Cash Pop payouts and previous drawings here.

Feeling lucky? Explore the latest lottery news & results

Story continues below gallery.

Are you a winner? Here’s how to claim your lottery prize

Winnings of $599 or less can be claimed at any authorized Mississippi Lottery retailer.

Prizes between $600 and $99,999, may be claimed at the Mississippi Lottery Headquarters or by mail. Mississippi Lottery Winner Claim form, proper identification (ID) and the original ticket must be provided for all claims of $600 or more. If mailing, send required documentation to:

Mississippi Lottery Corporation

P.O. Box 321462

Flowood, MS

39232

If your prize is $100,000 or more, the claim must be made in person at the Mississippi Lottery headquarters. Please bring identification, such as a government-issued photo ID and a Social Security card to verify your identity. Winners of large prizes may also have the option of setting up electronic funds transfer (EFT) for direct deposits into a bank account.

Mississippi Lottery Headquarters

1080 River Oaks Drive, Bldg. B-100

Flowood, MS

39232

Mississippi Lottery prizes must be claimed within 180 days of the drawing date. For detailed instructions and necessary forms, please visit the Mississippi Lottery claim page.

When are the Mississippi Lottery drawings held?

• Cash 3: Daily at 2:30 p.m. (Midday) and 9:30 p.m. (Evening).
• Cash 4: Daily at 2:30 p.m. (Midday) and 9:30 p.m. (Evening).
• Match 5: Daily at 9:30 p.m. CT.
• Cash Pop: Daily at 2:30 p.m. (Midday) and 9:30 p.m. (Evening).

• Mississippi state leaders are preparing for the 2027 governor’s race by outlining their legislative priorities.
• Redistricting legislative and congressional maps is a top priority for the upcoming legislative session.
• Lawmakers are divided on education reform, with some favoring school choice and others focusing on public school funding.
• Republican leaders agree on the need to reduce the size of state government, though they propose different methods.

PHILADELPHIA — When asked about his campaign plans for the statewide elections in November 2027, Lt. Gov. Delbert Hosemann has avoided giving a straight answer. Usually, he tells the media that his next focus is a long checklist of priorities to tackle next legislative session.

The governor’s race next year, the first this decade without term-limited incumbent Gov. Tate Reeves, is rumored to feature a crowded field. For current officeholders, even those who don’t work directly with the state Legislature, the bills that they can endorse and urge across the finish line are often the feathers in their cap touted on the campaign trail.

During the two days of political speaking at the Neshoba County Fair, Hosemann and other state leaders gave attendees a clearer view of what their goals are for those 60 days of debate.

Redistricting

One of the priorities common to most speakers was legislative and congressional redistricting in the wake of the U.S. Supreme Court decision that prohibited drawing voting districts on the basis of race. Reeves initially called a special session on redistricting, specifically regarding the state Supreme Court districts, but he later canceled it.

The governor opted to cancel the session, he said, because Mississippi had already had its primary. Instead, he charged Hosemann and House Speaker Jason White, the leaders of each chamber, with navigating the process during the next legislative session.

Through their redistricting committees, both said at the Neshoba County Fair, they are preparing to do exactly that.

“The Democrats used [prior Supreme Court rulings] to make sure they elected Democrats and not the people that you wanted. Now the Supreme Court has changed that, and we’re back to ground one where we should be,” Hosemann said. “We’ve appointed a committee, they’ll be out in Mississippi … looking at who do you want to represent you and how is your district to be set up? It’s coming back to the people where it was before, where it should be today.”

Mississippi Rep. Scott Bounds and Sen. Lane Taylor, both of whom represent the Neshoba County area, are on their respective redistricting committees. Both promised that redistricting is among the first issues that the Legislature plans to take up in January, with Bounds adding that the focus is on redrawing the state legislative districts.

“I believe the best way to enact common sense, conservative policies is by electing Republicans to office,” Jason White said. “The Mississippi House of Representatives stands for that, and we will examine redistricting and elect more Republicans to local, state and federal offices.”

Reeves confirmed that he “would not be surprised” if there is a special session before the next legislative session begins in January, but that even without it, the Legislature “would definitely have redistricting done” before the statewide elections in November 2027. Reeves has the power to call a special session at any point.

K-12 and higher education

Hosemann and White took, if not opposite perspectives, then at least different approaches to improving the state’s public and higher education systems.

White’s primary focus, he said in his speech, lays again with school choice. He told the crowd that, while lawmakers were still drafting legislation, Mississippians could expect to see a similar attempt this upcoming year as representatives put forward in January.

“I think you’ll see most statewide candidates for governor fully endorsing the idea of school choice and pushing it forward. I think the reason they will do that is because they’re smart, they’ve been polling, they’re spending their money to see what issues are important to people,” White said after giving his speech. “They’re finding out that when you get outside of the room and have a real conversation with parents, they want those choices.”

The 500-page, sweeping bill from last year primarily proposed using state money to fund vouchers for students to attend private and charter schools. It passed the House, where it originated, in a narrow vote before getting a resounding “no” vote in the Senate education committee.

“I wish the Senate would come forward and say, ‘Look, we don’t want to go through all that again. Here’s what we would do,’” White said. “I wish there would be a way to find a win-win, but to this point, they’ve been unwilling to have a conversation. That makes it tough politics for me when they’re unwilling to even have a conversation.”

Hosemann has loudly opposed state-funded vouchers, and he took the dais to advocate for more funding in public schools. One of his education priorities for the next year, he told the crowd, was opening more special-purpose schools for children with disabilities and developmental disorders such as autism.

Where Hosemann and White have agreed is that Mississippi’s education systems are bloated. Hosemann spoke specifically about higher education, telling reporters after his speech that some institutions graduate fewer than 25% of their enrollment. He touted the benefits of performance-based funding in ensuring that schools are motivated to educate high-performing students, and Mississippians could likely see changes to the funding formula in 2027.

White has largely focused, for the moment, on K-12 public schools. He formed a committee on school consolidation that has zeroed in on small schools and districts, and top officials with the state education department have asked for the Legislature to draft a framework for closing schools in the coming years.

How big should the government be?

Maybe the only thing that every Republican speaker agreed on was that Mississippi’s government needs to be smaller, but they phrased reform in different ways.

Reeves promoted artificial intelligence that makes workflows more efficient and decreases the number of state employees needed to do a certain job. White urged the government to decrease property taxes, because the burden makes property owners “feel like they rent the property that they own.”

More from day 1: What did U.S. Senate candidates say at Neshoba County Fair?

Hosemann pointed to a Senate committee on efficiency and transparency that has moved to eliminate 17 government committees and boards he described as useless. White formed a similar special committee on government efficiency that has met over the summer to weigh cost-cutting measures.

While details on which departments could be downsized and precise estimates of potential savings have not been publicly outlined, nearly every state official, member of the Legislature and candidate who spoke at the Neshoba County Fair promised significant reform next session.

Bea Anhuci is the state government reporter for the Clarion Ledger. She has covered Mississippi politics since the start of 2026. Email her at banhuci@usatodayco.com.