📈 Investment & Retirement Calculators New York

New York Retirement Calculator

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

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

New York Quick Facts

10.9% Income Tax Rate

1.72% Property Tax Rate

$74,314 Median Income

123.8 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Retirement planning for New York. New York taxes retirement income at rates up to 10.9%. Cost of living index: 123.8 (100 = national avg). Desired income is pre-filled based on 80% of New York's median household income, adjusted for local costs. Uses compound growth with 4% safe withdrawal rate.

Key State Information

Retiring in New York: New York taxes retirement income at rates up to 10.9%. Cost of living: 123.8/100. Property tax: 1.72%. Median home: $420,000. Average home insurance: $1,640/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 New York a good state to retire in?

New York's state income tax of up to 10.9% may reduce retirement income significantly. Cost of living is above average. Median home price: $420,000.

How much do I need to retire in New York?

Using the 4% rule, to generate $4,954/month (80% of New York median income) you'd need approximately $1,486,280 saved. Adjust up or down based on your lifestyle and housing costs.