Florida Retirement Planning Starts Near $1.3M

Florida retirees should plan for at least $1.3M after Social Security benefits for 20 yr of retirement, equal to $63K yearly or $5.3K monthly statewide.
In 2026, the avg. retiree receives $2.1K monthly from Social Security, while Florida calculations factor higher home insurance tied to hurricane risk.
Savings stretch further in Homosassa Springs, ranked Florida’s top affordable retirement city, with an 87.8 cost-of-living index and $863 median monthly rent.
Spring Hill followed with a 95.9 index and $1.1K median monthly rent; Palm Coast ranked third with 98.7 and $1.5K median rent.
Palm Harbor and Naples rounded out the top five, offering warm-weather retirement options with median monthly rents of $1.7K and $1.9K respectively.