📈 Investment & Retirement Calculators Massachusetts

Massachusetts Retirement Calculator

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

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

Massachusetts Quick Facts

9.0% Income Tax Rate

1.23% Property Tax Rate

$89,645 Median Income

135 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Retirement planning for Massachusetts. Massachusetts has a flat 5% state income tax on retirement income. Cost of living index: 135 (100 = national avg). Desired income is pre-filled based on 80% of Massachusetts's median household income, adjusted for local costs. Uses compound growth with 4% safe withdrawal rate.

Key State Information

Retiring in Massachusetts: Massachusetts has a flat 5% state income tax on retirement income. Cost of living: 135/100. Property tax: 1.23%. Median home: $580,000. 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 Massachusetts a good state to retire in?

Massachusetts's state income tax of up to 9% may reduce retirement income significantly. Cost of living is above average. Median home price: $580,000.

How much do I need to retire in Massachusetts?

Using the 4% rule, to generate $5,976/month (80% of Massachusetts median income) you'd need approximately $1,792,900 saved. Adjust up or down based on your lifestyle and housing costs.