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FIRE Number Calculator
for Baltimore, MD

How much do you need to retire in Baltimore, MD? Based on a local cost of living of $60,000/year, your FIRE target is $1,500,000.

Annual cost of living
$60,000
local baseline
FIRE target (25× rule)
$1,500,000
4% withdrawal
State income tax
6.0%
Maryland — ~6.00% effective

Sample retirement timelines in Baltimore, MD

Starting at age 30 with $0 saved, 20% savings rate

Annual incomeTake-home payMonthly savingsYears to FIRERetire at age
$75,000$56,648$94435 yrs65
$100,000$72,736$1,21232 yrs62
$150,000$104,278$1,73827 yrs57

Calculate your FIRE number in Baltimore, MD

FIRE Target
$1,500,000
25× annual expenses
Years to FIRE
32
at 20% savings rate
Retire at Age
62
in 2058
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What does it take to retire in Baltimore, MD?

Using the 4% rule — the most widely used FIRE guideline — retiring in Baltimore, MD requires a portfolio of $1,500,000. This assumes you'll spend $60,000 per year and withdraw 4% of your portfolio annually, which historical data suggests can sustain a 30+ year retirement.

Baltimore, MD residents pay approximately 6.0% in effective state income tax. Maximising pre-tax contributions to a 401(k) or IRA is especially impactful here.

The biggest levers: your savings rate and when you start. Saving 20% of take-home versus 10% can cut your time to retirement nearly in half. Starting at 25 instead of 35 can mean retiring a decade earlier.

Other cities in the same state

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Bethesda, MD
$2,200,000 target

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