Retirement Planning in Anne Arundel County, MD

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

Median Income

$116,009

Retirement Income (80%)

$92,807

Est. Nest Egg Needed

$1,305,100

Cost of Living Index

178

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$92,807
Est. Social Security$40,603

Annual Income Gap$52,204

Housing Costs

Median Rent$1,908/mo
Annual Housing$22,896
Property Tax Rate0.9%

Median Home Value$432,000

About Anne Arundel County, Maryland

Anne Arundel County in Maryland has a median household income of $116,009 and a homeownership rate of 75.0%. Using the 4% rule, retirees in this county would need approximately $1,305,100 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 Maryland

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.