How Much Money Do You Need to Retire in Naples, FL

If you or a loved one is soon to be retired, or retired already, has a decision been made as to where to spend retirement? We'd like to suggest one of the best areas in the entire nation – Naples, Florida. What's so special about this place?

Naples, Florida is situated next to the Gulf of Naples in southwest Florida. Known for its high-end shopping, abundant golf courses, gorgeous sunsets, and pristine beaches, it's nothing short of paradise. Naples is, in fact, one of Florida's most desirable residences.

You may be wondering about one important factor where the use of your retirement funds is concerned: How much to retire in Naples, FL? Here, we are going to take a look at retiring in Florida in general. Different towns, cities, counties, etc., will have varied standards of living and costs of living.

Living Comfortably in Florida

The key to retirement living at a comfortable level means using a fixed income for a foundation. As if you were still employed, you will continue to pay essential monthly expenses. "Splurging" is considered secondary.

What's the goal? Ideally, you'd like to leave your retirement savings for emergencies, investments, luxuries, and vacations. So, with the least amount of money possible, you want to achieve the best-fixed income possible. If you have not yet retired, and you have a long way to go, you've still got time to save and plan. If not, hopefully, you already did your saving and planning adequately.

Retiring in Florida

Let's look at some costs for a Florida retirement (these numbers are very general and subject to change):

• In the state of Florida, on average, annual long-term care can cost $44,400 for an assisted living facility, $117,000+ for a private room in a nursing home, $104,000+ for a semi-private room, etc.
• As much as $504 per month or as low as $148 a month can be spent for Medicare/healthcare.
• You can expect to pay between 12% and 24% for federal taxes on your retirement income.
• For monthly costs regarding mortgage or rent, and this varies by area, you can expect to pay approximately $1175 for rent or $1503 for a mortgage.
• Finally, Florida funeral costs: Average $6500.

Retirement Income

So, for the rest of your life, you can live comfortably, here are a few retirement tools you may consider using to create a fixed income.

• Nonqualified annuity: Here, only the interest earned is taxed, and it can provide a monthly paycheck for life.
• Roth IRA annuity: Up to 24%, retirement income increases. Tax-free, you can provide a monthly paycheck for the rest of your life.
• Social Security income: Per person, it is estimated that approximately $1543 was the average monthly SSI paycheck amount for this year (2021).

If you want a great value, to retire in Florida, and live in a setting that provides any and all amenities you could possibly hope for, here's where to look…

The Best Place to Retire in Naples, Florida – Aston Gardens At Pelican Marsh

If you decide to retire in Naples, Florida, check out our Aston Gardens At Pelican Marsh location. Not only do we provide senior assisted living and independent senior living opportunities, but SHINE memory care, as well. Our exclusive programs consist of Expressions concierge, Dimensions health and fitness, Celebrations activities and events, Sensations dining, Ambassadors Club, Connections transportation, Impressions housekeeping and maintenance, and more.

Check out the wonders of retirement living in Naples, Florida. While you're there, schedule a free tour of Aston Gardens At Pelican Marsh. We'd love to show you around. If you prefer, you can also phone us at 239-360-6892. The important thing is that you see, for yourself, our stylish senior living community and learn more about our exclusive amenities and lifestyle programs.