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In all, this means the average American retiree (or those 65 and older) is spending about $3,700 per month -- or about $44,600 per year. Using the 4% rule, that would mean a nest egg of over $1 million would be needed to finance the average lifestyle.
The average cost of assisted living facilities in the state range from $1,752 to $8,700 per month. The most expensive assisted living facilities are located in the Colorado Springs metropolitan area, where prices range from $2,205 â $6,385 a month. On the other hand, the more affordable facilities are found in the Pueblo area, where prices range between $2,200 â $3,725 a month.