Free retirement calculator tailored for Missouri (MO). Calculate instantly with state-specific rates and rules.
Missouri's relatively low income tax rate (max 4.95%) and affordable cost of living make it a reasonable retirement option. Kansas City and St. Louis offer world-class arts, sports, and culture at prices far below comparable coastal metros.
| Data Point | Value |
|---|---|
| Average Retirement Savings (55-64 age group) | $120,000 |
| Median Household Income | $57,290 |
| Missouri Tax on Retirement Income | Missouri partially taxes Social Security. |
Missouri partially taxes Social Security. The amount taxable depends on total income, and lower and middle-income retirees may exclude all or most Social Security from Missouri income. Missouri provides a public pension exemption for state and federal employees. Missouri income tax rates range from 2% to 4.95%.
The average Missouri household nearing retirement (ages 55-64) has approximately $120,000 in retirement savings. Financial planners commonly recommend having 10-12x your final salary saved by retirement age. For the median Missouri income of $57,290, that suggests a target of roughly $572,900 to $687,480.
Use CalcuWealth's retirement calculator to model your specific situation — including your expected Social Security, any Missouri pension, and your investment portfolio — to find your personal retirement number.
Data: US Census Bureau ACS 2023, Zillow (2024), Vanguard How America Saves (2023), NCES. Updated 2024–2025. Figures reflect state averages — consult a licensed financial advisor for personalized guidance.
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