How much will health care cost you in retirement?

While Medicare will pay for some of your cost, it doesn't cover everything.


The average age 65 year old couple today will spend around $10,0001 on health care in their first year of retirement.

How much will you need for health care when you retire? See how your retirement plans will impact the cost of health care.

Let's get started

First, tell us about you

Male
Female
Include spouse/partner
Female
Male

Current Age

18
18

Retirement age

Make your best guess! You can adjust later to see how retirement age affects the outcome.

Life expectancy

How many years you’ll live affects how much you’ll spend on health care.
Make your best guess! You can adjust later to see how life expectancy affects the outcome.

Your estimate

You and your spouse should be planning to save $880,446 for health care in retirement.

YOU: AGE 32

First year of retirement: 2048 This amount, in today's dollars, is what you'll need to pay for one year of health care in retirement:

RETIREMENT AGE:

Retiring before age 65, when Medicare is first available, can have a big impact on how much you will need to have saved for health care in retirement. See how changing your retirement age can help lower your estimate.

LIFE EXPECTANCY:

SPOUSE/PARTNER: AGE 32

First year of retirement: 2048 This amount, in today's dollars, is what your spouse/partner will need to pay for one year of health care in retirement:

RETIREMENT AGE:

Retiring before age 65, when Medicare is first available, can have a big impact on how much you will need to have saved for health care in retirement. See how changing your retirement age can help lower your estimate.

LIFE EXPECTANCY:

Your Next Move:
Factor in Income and Social Security

Because retirement decisions are complex and interdependent we encourage you to call your advisor or investment professional to discuss your personal situation.

Tip: Before you start working with a financial firm, consider using FINRA's BrokerCheck to look into that firm's background. See Fidelity's profile