Free retirement calculator tailored for Wisconsin (WI). Calculate instantly with state-specific rates and rules.
Wisconsin's Social Security exemption and affordable cost of living make it a reasonable retirement state. The Door Peninsula, Lake Geneva, and Wisconsin Dells are popular retirement areas. The University of Wisconsin's Lifelong Learning Institutes offer active retirees educational opportunities.
| Data Point | Value |
|---|---|
| Average Retirement Savings (55-64 age group) | $132,000 |
| Median Household Income | $67,080 |
| Wisconsin Tax on Retirement Income | Wisconsin does not tax Social Security benefits. |
Wisconsin does not tax Social Security benefits. Wisconsin exempts retirement income from the federal employee pension system. Other retirement income (pension, IRA, 401k) is generally taxed at Wisconsin's graduated income tax rates of 3.54% to 7.65%.
The average Wisconsin household nearing retirement (ages 55-64) has approximately $132,000 in retirement savings. Financial planners commonly recommend having 10-12x your final salary saved by retirement age. For the median Wisconsin income of $67,080, that suggests a target of roughly $670,800 to $804,960.
Use CalcuWealth's retirement calculator to model your specific situation — including your expected Social Security, any Wisconsin 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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