Retirement Planning in Baltimore city, MD
What does it take to retire comfortably in Baltimore city? Here are the numbers.
Median Income
$58,349
Retirement Income (80%)
$46,679
Est. Nest Egg Needed
$656,425
Cost of Living Index
90
Retirement Income Analysis
Income Needs (Annual)
Housing Costs
About Baltimore city, Maryland
Baltimore city in Maryland has a median household income of $58,349 and a homeownership rate of 47.8%. Using the 4% rule, retirees in this county would need approximately $656,425 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.
Plan Your Retirement in Baltimore city
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