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If you just received your retirement money or you are up for retirement and will be receiving at least $100,000, then you will be planning where to spend your retirement days in a city or state where expenses are cheaper to stretch your retirement money. 

Here are the states in the United States where $100,000 retirement last the longest and goes fastest, according to a study published in Yahoo Money.

According to a recent study by a personal finance site GoBankingRates, retirement dollars last the longest in Mississippi. In this state, you can expect that your retirement dollars will last for 946 days or equivalent to two and a half years. This is more than the national average of 780 days.

The study was based on the average total expenditures of 65 years old and over and the cost of living in each state to come up with a ranking. According to Jarred Kessler, co-founder of the real estate firm EasyKnock, "It's so relatively cheap to go to Mississippi but we're not seeing that much of an influx."

Many of the Americans consider to transfer in a cheaper state as they grow older and half of the U.S. workers are behind on saving. Meanwhile, 38 percent of the Americans say that they still don't have a retirement account. 

However, experts believed that moving to a different state means assessing the risk of taking out a mortgage and accumulating debt. Nick Holeman, head of financial planning at Robo-advisor firm, Betterment said: "We try to catch people before they make a decision such as moving to a different state for retirement and taking out a mortgage that's double what they currently have."

Moreover, GoBankingRates found out that many of the states where $100,000 retirement fee last the longest are located in the South. The states of Alabama and Oklahoma had an annual expenditure of $40,403 and $40, 631 respectively for those 65 and older. GoBankingRates added that this is below the U.S. average of $47, 788.50.

To give you an idea as to what states where $100,000 retirement lasts the longest based on its ranking, we will give the list of American states. These are the following:

946 days in Mississippi

901 days in Oklahoma

897 days in Michigan

896 days in Arkansas and Alabama

895 days in Missouri

890 days in Tennessee

889 days in Kansas

877 days in Georgia

872 days in Texas

Meanwhile, there are also states where $100,000 retirement goes fastest because of high housing costs just like in California, Massachusetts, and Hawaii and these may not be ideal locations for retirement.

Rich Rosa, the co-founder of the real-estate firm Buyers Brokers Only, said: "Year-over-year inventory has declined for single-family houses in [Massachusetts]. It has been the lowest number of homes since 2004."

In general, the average expenditures of 60 years old above or seniors in these states exceed the national average by 12 percent to 44 percent. An example of this is in Hawaii where 65 and older spend $85,243 on average compared to $47, 788.50 national average.

This time, we will give you the lists of states where the retirement fee goes fastest. These are the following:

• 428 days in Hawaii
• 563 days in California
• 592 days in New York
• 605 days in Alaska and Oregon
• 607 days in Maryland
• 621 days in Massachusetts
• 623 days in Connecticut
• 648 days in Rhode Island
• 668 days in New Jersey

If you are now in your retirement age, try to consider the following states mentioned to stretch your retirement dollars.