Retirement Planning in Lake and Peninsula Borough, AK
What does it take to retire comfortably in Lake and Peninsula Borough? Here are the numbers.
Median Income
$61,607
Retirement Income (80%)
$49,286
Est. Nest Egg Needed
$693,100
Cost of Living Index
95
Retirement Income Analysis
Income Needs (Annual)
Housing Costs
About Lake and Peninsula Borough, Alaska
Lake and Peninsula Borough in Alaska has a median household income of $61,607 and a homeownership rate of 67.2%. Using the 4% rule, retirees in this county would need approximately $693,100 in savings to cover the gap between Social Security and their target retirement income.
These are estimates based on county-level medians. Your actual retirement needs depend on your specific income, expenses, healthcare costs, Social Security benefits, and investment portfolio. Use our calculator for a personalized Monte Carlo analysis.
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