📈 Investment & Retirement Calculators Maryland

Maryland Retirement Calculator

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

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

Maryland Quick Facts

5.8% Income Tax Rate

1.09% Property Tax Rate

$90,203 Median Income

115.4 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Retirement planning for Maryland. Maryland taxes retirement income at rates up to 5.75%. Cost of living index: 115.4 (100 = national avg). Desired income is pre-filled based on 80% of Maryland's median household income, adjusted for local costs. Uses compound growth with 4% safe withdrawal rate.

Key State Information

Retiring in Maryland: Maryland taxes retirement income at rates up to 5.75%. Cost of living: 115.4/100. Property tax: 1.09%. Median home: $395,000. Average home insurance: $1,650/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 Maryland a good state to retire in?

Maryland's state income tax of up to 5.75% may reduce retirement income significantly. Cost of living is above average. Median home price: $395,000.

How much do I need to retire in Maryland?

Using the 4% rule, to generate $6,014/month (80% of Maryland median income) you'd need approximately $1,804,060 saved. Adjust up or down based on your lifestyle and housing costs.