Retirement Planning in Richmond city, VA
What does it take to retire comfortably in Richmond city? Here are the numbers.
Median Income
$59,606
Retirement Income (80%)
$47,685
Est. Nest Egg Needed
$670,575
Cost of Living Index
92
Retirement Income Analysis
Income Needs (Annual)
Housing Costs
About Richmond city, Virginia
Richmond city in Virginia has a median household income of $59,606 and a homeownership rate of 43.2%. Using the 4% rule, retirees in this county would need approximately $670,575 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 Richmond city
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