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Healthcare Cost Estimator
Project healthcare spending from retirement through end of life. Medicare coverage gaps, supplemental insurance, long-term care scenarios.
Healthcare Cost Estimator
How much should you set aside for healthcare in retirement? The answer might surprise you.
65 years
55 years70 years
Medicare-eligible right away
85 years
75 years100 years
Better to overestimate — healthcare costs rise sharply with age
This affects out-of-pocket cost estimates
Plan for about $483,634 in healthcare costs from age 65 through 85.
Here's the thing
At $1,919/month on average, healthcare will be one of your biggest retirement expenses. Medicare covers a lot, but dental, vision, and hearing aren't included. A Medigap supplement plan can protect you from unexpected bills. Consider an HSA (Health Savings Account) if you still have time — it's the only account that's tax-free going in AND coming out when used for healthcare.
Total estimated healthcare cost
$483,634
Average monthly cost
$1,919/mo
$23,030/year on average
Medicare-era costs (65+)
$483,634
Early Medicare (65-74)
$13,385/year avg
Medicare coverage with supplemental insurance. Generally the lowest-cost Medicare years.
Later Medicare (75-84)
$28,504/year avg
Costs rise as health needs increase. Long-term care risk begins to factor in.
Advanced Age (85+)
$64,738/year avg
Highest costs due to increased medical needs and long-term care probability.
Coverage gaps to know about
Medicare does not cover dental, vision, or hearing. Budget separately for these.
Medicare does not cover long-term care (nursing home, assisted living). Consider long-term care insurance.
The Money Friend
Plan for about $483,634 in healthcare costs from age 65 through 85.
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This calculator provides estimates for informational purposes only and does not constitute financial advice. Actual costs may vary based on your creditworthiness, location, and lender. Consult a licensed financial advisor or mortgage professional before making financial decisions.
Interest rates, payments, and loan terms shown are examples for illustration purposes only and do not represent an offer to lend, a commitment to make a loan, or a guarantee of any specific rate or term. Actual rates and terms are determined by lenders based on your individual credit profile and may differ from examples shown.
Past performance and historical data do not guarantee future results. Equal Housing Opportunity.
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