Retirement Planning in Putnam County, NY

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

Median Income

$120,970

Retirement Income (80%)

$96,776

Est. Nest Egg Needed

$1,360,900

Cost of Living Index

186

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$96,776
Est. Social Security$42,340

Annual Income Gap$54,436

Housing Costs

Median Rent$1,691/mo
Annual Housing$20,292
Property Tax Rate2.4%

Median Home Value$421,800

About Putnam County, New York

Putnam County in New York has a median household income of $120,970 and a homeownership rate of 83.9%. Using the 4% rule, retirees in this county would need approximately $1,360,900 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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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.