Free retirement calculator tailored for Rhode Island (RI). Calculate instantly with state-specific rates and rules.
Rhode Island's small size means excellent access to Boston's world-class healthcare and Logan Airport. Newport and South County beach communities are attractive retirement areas. The state's moderate income taxes are partially offset by proximity to major employment centers.
| Data Point | Value |
|---|---|
| Average Retirement Savings (55-64 age group) | $152,000 |
| Median Household Income | $74,489 |
| Rhode Island Tax on Retirement Income | Rhode Island partially taxes Social Security. |
Rhode Island partially taxes Social Security. Below certain income thresholds, Social Security is not subject to Rhode Island tax. Above those thresholds, some Social Security income is taxable. Rhode Island income tax rates range from 3.75% to 5.99%.
The average Rhode Island household nearing retirement (ages 55-64) has approximately $152,000 in retirement savings. Financial planners commonly recommend having 10-12x your final salary saved by retirement age. For the median Rhode Island income of $74,489, that suggests a target of roughly $744,890 to $893,868.
Use CalcuWealth's retirement calculator to model your specific situation — including your expected Social Security, any Rhode Island 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.
More from TUDITOOLS