📈 Investment & Retirement Calculators Maine

Maine Retirement Calculator

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

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

Maine Quick Facts

7.2% Income Tax Rate

1.36% Property Tax Rate

$64,767 Median Income

109.4 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Retirement planning for Maine. Maine taxes retirement income at rates up to 7.15%. Cost of living index: 109.4 (100 = national avg). Desired income is pre-filled based on 80% of Maine's median household income, adjusted for local costs. Uses compound growth with 4% safe withdrawal rate.

Key State Information

Retiring in Maine: Maine taxes retirement income at rates up to 7.15%. Cost of living: 109.4/100. Property tax: 1.36%. Median home: $340,000. Average home insurance: $1,380/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 Maine a good state to retire in?

Maine's state income tax of up to 7.15% may reduce retirement income significantly. Cost of living is near the national average. Median home price: $340,000.

How much do I need to retire in Maine?

Using the 4% rule, to generate $4,318/month (80% of Maine median income) you'd need approximately $1,295,340 saved. Adjust up or down based on your lifestyle and housing costs.