Retirement Healthcare Calculator
Estimate your healthcare costs in retirement based on your current age, health status, retirement plans, and insurance coverage. Plan for medical expenses to ensure a secure retirement.
Step 1: Personal & Health Information
Understanding Healthcare Costs
Healthcare expenses typically increase with age and can be one of the largest retirement costs. Medicare covers only about 80% of healthcare expenses, leaving significant out-of-pocket costs.
Step 2: Financial & Coverage Information
About Retirement Healthcare
Fidelity estimates that a 65-year-old couple retiring today will need approximately $315,000 saved to cover healthcare expenses in retirement. This doesn’t include long-term care costs.
Healthcare Cost Results
Total Healthcare Savings Needed
Healthcare Cost Comparison by Age
| Retirement Age | Years of Healthcare | Healthcare Savings Needed | Monthly Savings Required |
|---|
Healthcare Cost Breakdown
Healthcare Cost Formula
Healthcare Needs = (Annual Cost × (1 – Medicare Coverage)) × Retirement Years
To calculate healthcare savings needed: Estimate your annual healthcare costs in retirement, subtract Medicare coverage percentage, then multiply by the number of years you expect to be in retirement.
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