Retirement Cost in St. Paul, MN: 2026 Budget Guide
A comfortable retirement in St. Paul costs approximately $52,000/year — 0% below the national average of $52,000. Here's the full breakdown.
$52,000
Annual retirement cost
$4,333
Per month
$1,300,000
Nest egg needed (25× rule)
Direct Answer
Retiring in St. Paul, MN costs about $52,000 per year, or $4,333 per month. That is 0% below the national retirement budget benchmark, with an estimated $1,300,000 nest egg using the 4% rule.
Annual budget
$52,000
Range: $33,800-$75,400
Monthly budget
$4,333
Housing, healthcare, food, transport, utilities, and lifestyle
Portfolio target
$1,300,000
25x annual spending, before personalized tax planning
Tax note
State tax check
Review MN retirement income rules
St. Paul is near the national average for retirement costs. Factor in MN state taxes on retirement income when planning your budget.
Annual Retirement Budget in St. Paul
Based on BLS Consumer Expenditure Survey (65+ households), adjusted for St. Paul's cost index (100). Range: $33,800–$75,400.
How Much Do You Need to Retire in St. Paul?
Standard
$1,300,000
4% Rule (25×)
Most common retirement planning benchmark
Conservative
$1,560,000
3.3% Rule (30×)
Conservative approach for longer retirements
After SS
$31,000
Savings needed/year
After avg Social Security (~$21,000/yr)
How St. Paul Compares
St. Paul Annual Cost
$52,000
National Average
$52,000
Difference
$0/yr
0% more affordable
Retirement Planning Tips for St. Paul
✓Research Minnesota's tax treatment of retirement income — some sources like Social Security may be partially or fully exempt.
✓Housing in St. Paul accounts for roughly $18,200/year of retirement costs — consider whether renting or owning makes more sense given your timeline.
✓Healthcare costs here run approximately $9,360/year. Compare Medicare Advantage plans by ZIP code — coverage and premiums vary significantly.
✓The estimated nest egg needed to retire in St. Paul is $1,300,000 using the 4% withdrawal rule.
✓St. Paul's costs are near the national average, making standard retirement planning benchmarks a reliable guide.
Retirement Decision Checklist
Compare housing at $1,517/month against your rent, mortgage, HOA, and property tax plan.
Budget healthcare at about $780/month before Medicare supplement, dental, and long-term care choices.
Stress test the plan with the conservative $1,560,000 portfolio target if you want a lower withdrawal rate.
Use $31,000/year as the rough portfolio-funded gap after average Social Security assumptions.
More for St. Paul
Frequently Asked Questions
How much does it cost to retire in St. Paul?
A comfortable retirement in St. Paul costs approximately $52,000 per year ($4,333/month). This includes $18,200 for housing, $9,360 for healthcare, and $7,800 for transportation. Actual costs range from $33,800 to $75,400 depending on lifestyle.
How much money do I need to retire in St. Paul?
Using the 4% withdrawal rule, you need approximately $1,300,000 in savings to retire in St. Paul. For a more conservative 3.3% withdrawal rate (30× rule), the target is $1,560,000. If you expect average Social Security benefits (~$21,000/year), your portfolio needs to cover the remaining $31,000/year.
Is St. Paul a good place to retire?
St. Paul offers near-average retirement costs at $52,000/year. Standard retirement planning benchmarks apply well here.
What is the biggest retirement expense in St. Paul?
Housing is the largest retirement expense in St. Paul, accounting for approximately 35% of the budget at $18,200/year ($1,517/month). Healthcare is the second-largest at $9,360/year, followed by transportation at $7,800/year.