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Retirement Planning in Montgomery County, NY

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

Median Income

$58,033

Retirement Income (80%)

$46,426

Est. Nest Egg Needed

$652,850

Cost of Living Index

89

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$46,426
Est. Social Security$20,312
Annual Income Gap$26,114

Housing Costs

Median Rent$867/mo
Annual Housing$10,404
Property Tax Rate2.6%
Median Home Value$132,300

About Montgomery County, New York

Montgomery County in New York has a median household income of $58,033 and a homeownership rate of 68.7%. Using the 4% rule, retirees in this county would need approximately $652,850 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 New York

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This County Across Smart Technology Investments

Money and planning

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  • Morivexlife insurance, term, whole
  • Venatribusiness, startup, launch cost

Property and place

Health and care costs

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.