Retirement Planning in Sumter County, AL
What does it take to retire comfortably in Sumter County? Here are the numbers.
Median Income
$31,726
Retirement Income (80%)
$25,381
Est. Nest Egg Needed
$356,925
Cost of Living Index
49
Retirement Income Analysis
Income Needs (Annual)
Housing Costs
About Sumter County, Alabama
Sumter County in Alabama has a median household income of $31,726 and a homeownership rate of 69.3%. Using the 4% rule, retirees in this county would need approximately $356,925 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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