Retire in South Carolina: Cost, Taxes & FIRE Number for 2026
Retiring in South Carolina costs about $52,500 a year on average, earning a B retirement tax grade and a #40 healthcare ranking. Here's the full breakdown — cost, taxes, and how much you actually need saved.
What It Costs to Retire in South Carolina
The average retiree in South Carolina spends about $52,500 a year ($4,375/month), based on BLS spending data for households 65 and older, adjusted for South Carolina's cost of living. That works out to a standard retirement number of $1,312,500 under the 4% rule, or $1.5M for early retirees using the more conservative 3.5% FIRE withdrawal rate.
How the numbers below are calculated:
Annual cost = BLS Consumer Expenditure Survey 2024 (65+ household spending) × South Carolina's cost-of-living index (MERIC Q3 2025).
Standard Retirement Number = Annual Cost ÷ 0.04 (4% rule, ~30-year horizon)
FIRE Number = Annual Cost ÷ 0.035 (3.5% rule, 40–50+ year horizon for early retirees)
South Carolina earns a B retirement tax grade from Plootus Research and ranks #40 of 50 states for healthcare quality. Combined with an average annual salary of $57,060 for working residents (median $47,880), that gives a fuller picture of what building — and eventually spending down — a nest egg looks like here.
South Carolina Retirement at a Glance
| Average annual retirement cost | $52,500/yr ($4,375/mo) |
| Standard Retirement Number (4% rule) | $1,312,500 |
| FIRE Number (3.5% SWR) | $1.5M |
| Retirement Tax Grade | B |
| State Income Tax | 6.4% max |
| Social Security Tax | ✅ No tax |
| Healthcare Quality Rank | #40 of 50 |
| FIRE-Friendliness Rating | ★★★★☆ |
| Avg. Annual Salary (working residents) | $57,060 |
| Median Annual Salary (working residents) | $47,880 |
Sources: BLS CES 2024 (65+); MERIC Q3 2025; BLS OEWS May 2024; Plootus Research 2026.
Your South Carolina-Adjusted Retirement Number
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How South Carolina Compares to Nearby States
| State | Annual Cost | Retirement Number | Tax Grade | HC Rank |
|---|---|---|---|---|
| South Carolina | $52,500 | $1,312,500 | B | #40 |
| Georgia | $51,500 | $1,287,500 | B+ | #38 |
| North Carolina | $55,000 | $1,375,000 | B+ | #25 |
| Tennessee | $49,500 | $1,237,500 | A | #44 |
How South Carolina Treats Retirees on Taxes and Healthcare
South Carolina carries a B retirement tax grade from Plootus Research — an above-average, generally tax-friendly state for retirees.
State Income Tax
South Carolina's state income tax tops out at 6.4% max. Check current brackets and any retirement-income deductions before you file.
Social Security Tax
South Carolina does not tax Social Security benefits, one of the factors behind its B tax grade. Confirm current rules with a tax professional as exemptions can vary.
South Carolina ranks #40 nationally for healthcare quality — one of the lower-ranked states, so it's worth researching specific providers and hospital systems in your target city before committing.
Frequently Asked Questions: Retiring in South Carolina
South Carolina earns a B retirement tax grade and ranks #40 of 50 for healthcare quality. Average annual retirement spending runs about $52,500, requiring roughly $1,312,500 in savings under the standard 4% withdrawal rule. Whether it's a good fit depends on your priorities — South Carolina's state income tax is 6.4% max, and it does not tax Social Security.
South Carolina does not tax Social Security benefits, one of the factors behind its B tax grade. Confirm current thresholds and exemptions with a tax professional, since rules change year to year.
Using the standard 4% rule, retiring in South Carolina on its average annual cost of $52,500 requires approximately $1,312,500 in savings. That figure excludes Social Security, which most retirees layer on top to reduce the amount they need from their own portfolio.
At a 3.5% safe withdrawal rate — the more conservative rate recommended for early retirees facing a 40–50+ year horizon — South Carolina's FIRE number is approximately $1.5M, based on its $52,500/year average cost. Early retirees should also budget separately for healthcare before Medicare eligibility at 65.
Sources
- Bureau of Labor Statistics, Consumer Expenditure Survey 2024 (65+ age group)
- Missouri Economic Research and Information Center (MERIC), Cost of Living Index Q3 2025
- Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS) May 2024
- Kiplinger, Retirement Taxes 2026; WalletHub Best States to Retire 2026
- Plootus Research 2026 (tax grades, healthcare rank, FIRE ratings)
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