Free retirement calculator tailored for Montana (MT). Calculate instantly with state-specific rates and rules.
Montana's tax treatment of retirement income is less favorable than many competing states. However, Montana has no sales tax, stunning natural beauty, and a growing retirement community. Retirees who are outdoors-oriented and can manage the cold winters find Montana compelling.
| Data Point | Value |
|---|---|
| Average Retirement Savings (55-64 age group) | $110,000 |
| Median Household Income | $57,153 |
| Montana Tax on Retirement Income | Montana fully taxes Social Security benefits as income, with partial deductions available for lower-income residents. |
Montana fully taxes Social Security benefits as income, with partial deductions available for lower-income residents. Other retirement income is also fully taxable. Montana income tax rates range from 1% to 6.75%.
The average Montana household nearing retirement (ages 55-64) has approximately $110,000 in retirement savings. Financial planners commonly recommend having 10-12x your final salary saved by retirement age. For the median Montana income of $57,153, that suggests a target of roughly $571,530 to $685,836.
Use CalcuWealth's retirement calculator to model your specific situation — including your expected Social Security, any Montana 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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