Tennessee ranked at No. 5 in the top 11 states for early retirement. There was a tie for the No. 10 spot. (Screenshot: Staff)

On a list of the top 11, Tennessee came in at No. 5.

According to SmartAsset: "Tennessee is another state with a 0 percent effective income tax, which is only partly offset by the nation’s highest average state and local sales taxes at 9.5 percent. Tennessee also has 6.55 doctors’ offices per 10,000 residents, and 36 arts, entertainment and recreation establishments per 100,000 residents."

Click here to see the entire study. 

In June, Washington, D.C.-based business and personal finance publisher Kiplinger.com ranked Tennessee the fourth-best state to retire. Click here to read more about that. 

And last January, personal finance social network WalletHub.com ranked Tennessee at No. 26.