Retirement Planning in Goochland County, VA

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

Median Income

$105,600

Retirement Income (80%)

$84,480

Est. Nest Egg Needed

$1,188,000

Cost of Living Index

162

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$84,480
Est. Social Security$36,960

Annual Income Gap$47,520

Housing Costs

Median Rent$1,407/mo
Annual Housing$16,884
Property Tax Rate0.5%

Median Home Value$433,600

About Goochland County, Virginia

Goochland County in Virginia has a median household income of $105,600 and a homeownership rate of 84.5%. Using the 4% rule, retirees in this county would need approximately $1,188,000 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.