Forty percent of baby boomers fear they will outlive their retirement savings. Several recent studies suggest they are right to worry.

Seniors in 41 states are projected to have more expenses than income during their golden years, putting them at risk for outliving their retirement savings, according to a new study by Seniorly, an assisted living online marketplace. The amount they’re missing, on average, over the course of their retirement years: $115,000.

In California, the gap between projected income and expenses for retirees is far higher: $337,000.

Along with the Golden State, three other states — New York, Hawaii and Alaska — have the nation’s highest retirement gaps, where people’s income likely can’t keep up with expenses. That’s no surprise: All are places with high costs of l

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