A Couple Retiring in 2018 Would Need an Estimated $280,000 to Cover Health Care Costs in Retirement,

Fidelity Investments press release ------- A 65-year old couple retiring this year will need $280,000 to cover health care and medical expenses throughout retirement, according to Fidelity Investments' 16th annual retiree health care cost estimate. This represents a two percent increase from 2017 and a 75 percent increase from Fidelity's first estimate in 2002 of $160,000. For individuals retiring this year, using same assumptions and life expectancies used to calculate the estimate for a 65-year-old couple, a male will need $133,000 to cover health care costs in retirement, while females will need $147,000, primarily due to the fact that women are expected to live longer than men. To learn more click on the picture below to read the release.