Retiring in South Carolina: Key Facts
| Factor | South Carolina |
|---|---|
| Retirement Ranking | #3 of 51 |
| State Income Tax | 6.2% |
| Retirement Income Tax | Partially exempt |
| Property Tax Rate | 0.57% |
| Median Home Value | $287,000 |
How Much Do You Need to Retire in South Carolina?
Using the 4% rule: your nest egg should be 25× your annual expenses.
| Annual Spending | Nest Egg Needed | Monthly from $1M |
|---|---|---|
| $30,000/yr | $750,000 | $3,333/mo |
| $40,000/yr | $1,000,000 | $3,333/mo |
| $50,000/yr | $1,250,000 | $3,333/mo |
| $60,000/yr | $1,500,000 | $3,333/mo |
| $75,000/yr | $1,875,000 | $3,333/mo |
| $100,000/yr | $2,500,000 | $3,333/mo |
Calculate Your South Carolina Retirement Date
Use the Free Calculator →FAQ
Is South Carolina a good state to retire in?
South Carolina ranks #3 for retirement. It is considered one of the better states to retire in.
Does South Carolina tax Social Security?
South Carolina partially exempts Social Security and/or pension income from state taxes. Details vary — consult a tax advisor.
Related: 401k Calculator · Savings by Age