Retirement Planning in Montgomery County, IN

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

Median Income

$62,937

Retirement Income (80%)

$50,350

Est. Nest Egg Needed

$708,050

Cost of Living Index

97

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$50,350
Est. Social Security$22,028

Annual Income Gap$28,322

Housing Costs

Median Rent$787/mo
Annual Housing$9,444
Property Tax Rate0.6%

Median Home Value$156,400

About Montgomery County, Indiana

Montgomery County in Indiana has a median household income of $62,937 and a homeownership rate of 75.3%. Using the 4% rule, retirees in this county would need approximately $708,050 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 Indiana

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.