📈 Investment & Retirement Calculators Tennessee

Tennessee Retirement Calculator

Plan your retirement in Tennessee. Factor in lower cost of living and no state income tax. Free calculator.

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

Tennessee Quick Facts

None Income Tax Rate

0.71% Property Tax Rate

$56,071 Median Income

89.7 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Retirement planning for Tennessee. Tennessee has no state income tax — a major advantage for retirees. Cost of living index: 89.7 (100 = national avg). Desired income is pre-filled based on 80% of Tennessee's median household income, adjusted for local costs. Uses compound growth with 4% safe withdrawal rate.

Key State Information

Retiring in Tennessee: Tennessee has no state income tax — a major advantage for retirees. Cost of living: 89.7/100. Property tax: 0.71%. Median home: $310,000. As a no-income-tax state, Tennessee is among the most popular retirement destinations. Average home insurance: $2,240/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 Tennessee a good state to retire in?

Yes, Tennessee is very popular with retirees because it has no state income tax. Cost of living is below average (very affordable!). Median home price: $310,000.

How much do I need to retire in Tennessee?

Using the 4% rule, to generate $3,738/month (80% of Tennessee median income) you'd need approximately $1,121,420 saved. Adjust up or down based on your lifestyle and housing costs.