Free retirement calculator tailored for Pennsylvania (PA). Calculate instantly with state-specific rates and rules.
Pennsylvania's complete exemption of retirement income from state tax (one of the broadest in the country) makes it exceptionally attractive for retirees. Combined with affordable housing (especially in western PA), strong healthcare, and rich culture, Pennsylvania offers excellent retirement value.
| Data Point | Value |
|---|---|
| Average Retirement Savings (55-64 age group) | $150,000 |
| Median Household Income | $67,587 |
| Pennsylvania Tax on Retirement Income | Pennsylvania is one of the most retirement-tax-friendly states in the US. |
Pennsylvania is one of the most retirement-tax-friendly states in the US. Pennsylvania does not tax Social Security benefits. Pennsylvania does not tax pension income, IRA distributions, or 401(k) withdrawals for retirees who have reached retirement age. Pennsylvania's flat income tax rate is 3.07%.
The average Pennsylvania household nearing retirement (ages 55-64) has approximately $150,000 in retirement savings. Financial planners commonly recommend having 10-12x your final salary saved by retirement age. For the median Pennsylvania income of $67,587, that suggests a target of roughly $675,870 to $811,044.
Use CalcuWealth's retirement calculator to model your specific situation — including your expected Social Security, any Pennsylvania 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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