The cost of retiree healthcare climbs— here’s what you should expect to spend
The average 65-year-old couple retiring in 2022 can expect to spend $315,000 in retirement on healthcare alone, according to Fidelity Investments’ annual report on retirees’ healthcare planning — that’s a 5% increase from 2021 when it was $300,000 and nearly double from the first report in 2002 when it was $160,000. For single male individuals, that figure is $150,000 and for women, it’s $165,000.
See: I’m 33 and want to retire at 40, but have expensive medical needs – how can I achieve financial independence?
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