Retire Modestly in Akron, OH (2026)
Small apartment, cook at home, public transit, minimal travel. In Akron (COL 84), this costs $2,240/month — a $5K less than the US average.
Monthly budget breakdown
Estimated monthly expenses for a modest retirement in Akron (COL-adjusted from national baseline).
| Category | Monthly | Annual | % of budget |
|---|---|---|---|
| Housing | $739 | $8,868 | 33% |
| Food | $336 | $4,032 | 15% |
| Healthcare | $314 | $3,768 | 14% |
| Transport | $269 | $3,228 | 12% |
| Leisure | $314 | $3,768 | 14% |
| Misc | $269 | $3,228 | 12% |
| Total | $2,240 | $26,880 | 100% |
How long to save $672K?
Time to reach your nest egg target investing at 7% annual return (S&P 500 historical avg).
| Monthly savings | Years to retire | Retirement age (start 30) |
|---|---|---|
| $1,000/mo | 23 yrs | Age 53 |
| $2,000/mo | 16 yrs | Age 46 |
| $3,000/mo | 12 yrs | Age 42 |
| $5,000/mo | 9 yrs | Age 39 |
| $8,000/mo | 6 yrs | Age 36 |
Akron vs US average — Modest retirement
Other retirement tiers in Akron
Frequently asked questions
How much does a modest retirement cost in Akron?
A modest retirement in Akron costs approximately $26,880/year or $2,240/month — based on a 84 cost-of-living index (US avg = 100). Using the 4% safe withdrawal rule, you need a nest egg of about $672K.
How long will it take to save $672K for retirement in Akron?
Saving $2,000/month at a 7% average annual return would take roughly 16 years to accumulate $672K. At $3,000/month, it would take about 12 years. These estimates assume consistent investing in a diversified portfolio.
What is the biggest expense in a modest retirement in Akron?
Housing is the largest expense at roughly 33% of the budget ($739/month). Healthcare ($314/month) is the second-largest category.
4% safe withdrawal rule · 7% annualized return assumption · COL-adjusted from BLS data · Q1 2026 estimates