Retirement Planning in El Paso County, CO

What does it take to retire comfortably in El Paso County? Here are the numbers.

Median Income

$82,748

Retirement Income (80%)

$66,198

Est. Nest Egg Needed

$930,900

Cost of Living Index

127

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$66,198
Est. Social Security$28,962

Annual Income Gap$37,236

Housing Costs

Median Rent$1,507/mo
Annual Housing$18,084
Property Tax Rate0.4%

Median Home Value$390,500

About El Paso County, Colorado

El Paso County in Colorado has a median household income of $82,748 and a homeownership rate of 66.3%. Using the 4% rule, retirees in this county would need approximately $930,900 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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Other Counties in Colorado

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SSA, BLS. Estimates based on county-level medians and the 4% withdrawal rule. This is not financial advice.