📈 Investment & Retirement Calculators Virginia

Virginia Retirement Calculator

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

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

Virginia Quick Facts

5.8% Income Tax Rate

0.82% Property Tax Rate

$80,615 Median Income

103.7 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Retirement planning for Virginia. Virginia taxes retirement income at rates up to 5.75%. Cost of living index: 103.7 (100 = national avg). Desired income is pre-filled based on 80% of Virginia's median household income, adjusted for local costs. Uses compound growth with 4% safe withdrawal rate.

Key State Information

Retiring in Virginia: Virginia taxes retirement income at rates up to 5.75%. Cost of living: 103.7/100. Property tax: 0.82%. Median home: $380,000. Average home insurance: $1,550/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 Virginia a good state to retire in?

Virginia's state income tax of up to 5.75% may reduce retirement income significantly. Cost of living is near the national average. Median home price: $380,000.

How much do I need to retire in Virginia?

Using the 4% rule, to generate $5,374/month (80% of Virginia median income) you'd need approximately $1,612,300 saved. Adjust up or down based on your lifestyle and housing costs.