Retirement Planning in Lower Connecticut River Valley Planning Region, CT

What does it take to retire comfortably in Lower Connecticut River Valley Planning Region? Here are the numbers.

Median Income

$99,742

Retirement Income (80%)

$79,794

Est. Nest Egg Needed

$1,122,100

Cost of Living Index

153

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$79,794
Est. Social Security$34,910

Annual Income Gap$44,884

Housing Costs

Median Rent$1,345/mo
Annual Housing$16,140
Property Tax Rate1.8%

Median Home Value$341,300

About Lower Connecticut River Valley Planning Region, Connecticut

Lower Connecticut River Valley Planning Region in Connecticut has a median household income of $99,742 and a homeownership rate of 75.1%. Using the 4% rule, retirees in this county would need approximately $1,122,100 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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Other Counties in Connecticut

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.