Free retirement calculator tailored for West Virginia (WV). Calculate instantly with state-specific rates and rules.
West Virginia's extraordinarily low cost of living means that even a modest retirement savings can sustain a comfortable lifestyle. Housing, healthcare, and everyday expenses are well below national averages. The state's natural beauty (Appalachian Mountains, New River Gorge) attracts outdoor enthusiasts.
| Data Point | Value |
|---|---|
| Average Retirement Savings (55-64 age group) | $80,000 |
| Median Household Income | $48,037 |
| West Virginia Tax on Retirement Income | West Virginia taxes Social Security benefits at the state level, though partial deductions are available for lower-income residents. |
West Virginia taxes Social Security benefits at the state level, though partial deductions are available for lower-income residents. Other retirement income is also taxed. West Virginia income tax rates range from 3% to 6.5%. The state is phasing in income tax reductions over time.
The average West Virginia household nearing retirement (ages 55-64) has approximately $80,000 in retirement savings. Financial planners commonly recommend having 10-12x your final salary saved by retirement age. For the median West Virginia income of $48,037, that suggests a target of roughly $480,370 to $576,444.
Use CalcuWealth's retirement calculator to model your specific situation — including your expected Social Security, any West Virginia 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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