Retiring at 62 in St. George, Utah, requires $1.1 million in liquid assets due to Social Security cuts and withdrawal rate constraints.
Retiring in St. George, Utah, at age 62 requires $1.1 million in invested assets, up from $450,000 at 65, due to a 30% Social Security reduction and tighter withdrawal rates. The calculation assumes a 4% withdrawal rate and full Social Security benefits at 67.
Median home prices in the fast-growing metro area have reached the high five figures, exceeding typical retirement calculator assumptions. Utah’s flat tax on retirement income and Medicare IRMAA surcharges can push effective marginal rates to 40% for large Roth conversions.
St. George has become a top retirement destination outside Florida and Arizona, driven by mild winters, national parks, and steady in-migration of retirees.