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Retirement Planning in Northeastern Connecticut Planning Region, CT

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

Median Income

$83,119

Retirement Income (80%)

$66,495

Est. Nest Egg Needed

$935,075

Cost of Living Index

128

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$66,495
Est. Social Security$29,092
Annual Income Gap$37,403

Housing Costs

Median Rent$1,119/mo
Annual Housing$13,428
Property Tax Rate1.6%
Median Home Value$268,500

About Northeastern Connecticut Planning Region, Connecticut

Northeastern Connecticut Planning Region in Connecticut has a median household income of $83,119 and a homeownership rate of 74.4%. Using the 4% rule, retirees in this county would need approximately $935,075 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

Capitol Planning RegionWestern Connecticut Planning RegionSouth Central Connecticut Planning RegionNaugatuck Valley Planning RegionGreater Bridgeport Planning RegionSoutheastern Connecticut Planning RegionLower Connecticut River Valley Planning RegionNorthwest Hills Planning Region

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.