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Retirement Planning in Capitol Planning Region, CT

What does it take to retire comfortably in Capitol Planning Region? Here are the numbers.

Median Income

$88,190

Retirement Income (80%)

$70,552

Est. Nest Egg Needed

$992,150

Cost of Living Index

136

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$70,552
Est. Social Security$30,866
Annual Income Gap$39,686

Housing Costs

Median Rent$1,297/mo
Annual Housing$15,564
Property Tax Rate2.2%
Median Home Value$283,800

About Capitol Planning Region, Connecticut

Capitol Planning Region in Connecticut has a median household income of $88,190 and a homeownership rate of 65.2%. Using the 4% rule, retirees in this county would need approximately $992,150 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 Connecticut

Western Connecticut Planning RegionSouth Central Connecticut Planning RegionNaugatuck Valley Planning RegionGreater Bridgeport Planning RegionSoutheastern Connecticut Planning RegionLower Connecticut River Valley Planning RegionNorthwest Hills Planning RegionNortheastern Connecticut Planning Region

This County Across Smart Technology Investments

Money and planning

  • Vontarirelocation, cost of living, salary
  • Morivexlife insurance, term, whole
  • Venatribusiness, startup, launch cost

Property and place

Health and care costs

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.