📈 Investment & Retirement Calculators Connecticut

Connecticut Retirement Calculator

Plan your retirement in Connecticut. Factor in higher cost of living and state income tax. Free calculator.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

Connecticut Quick Facts

7.0% Income Tax Rate

2.14% Property Tax Rate

$83,771 Median Income

112.8 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Retirement planning for Connecticut. Connecticut taxes retirement income at rates up to 6.99%. Cost of living index: 112.8 (100 = national avg). Desired income is pre-filled based on 80% of Connecticut's median household income, adjusted for local costs. Uses compound growth with 4% safe withdrawal rate.

Key State Information

Retiring in Connecticut: Connecticut taxes retirement income at rates up to 6.99%. Cost of living: 112.8/100. Property tax: 2.14%. Median home: $380,000. Average home insurance: $1,750/yr.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Tax Foundation, SSA

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

Is Connecticut a good state to retire in?

Connecticut's state income tax of up to 6.99% may reduce retirement income significantly. Cost of living is above average. Median home price: $380,000.

How much do I need to retire in Connecticut?

Using the 4% rule, to generate $5,585/month (80% of Connecticut median income) you'd need approximately $1,675,420 saved. Adjust up or down based on your lifestyle and housing costs.