A new analysis by Seniorly reveals that seniors in 41 states and Washington, D.C., are projected to outlive their savings, facing an average shortfall of $115,000. New York tops the list with seniors expected to face a $448,000 deficit in retirement needs.

Despite not being the most expensive state, New York ranks highest in retirement savings deficit due to higher incomes. Hawaii, with the highest total retirement income, still ranks No. 2 in terms of a retirement deficit for seniors.

Only nine states have an average income that exceeds retirement expenses, with Washington leading with an expected surplus of $146,000. Projections are just that, projections, and it’s important to use tools, personalize data, optimize Social Security strategy, plan for unexpected expenses, and discuss plans with others to improve financial outcomes.

Read more at Yahoo Finance: Retirees in This State Will Outlive Savings by Almost Half a Million Dollars