Retirement Planning in Fredericksburg city, VA

What does it take to retire comfortably in Fredericksburg city? Here are the numbers.

Median Income

$83,445

Retirement Income (80%)

$66,756

Est. Nest Egg Needed

$938,750

Cost of Living Index

128

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$66,756
Est. Social Security$29,206

Annual Income Gap$37,550

Housing Costs

Median Rent$1,462/mo
Annual Housing$17,544
Property Tax Rate0.6%

Median Home Value$438,400

About Fredericksburg city, Virginia

Fredericksburg city in Virginia has a median household income of $83,445 and a homeownership rate of 38.5%. Using the 4% rule, retirees in this county would need approximately $938,750 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 Virginia

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.