Are You Prepared for This $606,337 Retirement Expense?

Maurie Backman, The Motley Fool
·3 min read
Are You Prepared for This $606,337 Retirement Expense?
Are You Prepared for This $606,337 Retirement Expense?

In fact, many current seniors spend more money on healthcare than on any other individual expense, and future retirees are likely to see their costs climb even higher. In fact, the average healthy 65-year-old couple retiring today can expect to spend a whopping $606,337 on lifetime medical expenditures, reports HealthView Services, a provider of cost-projections. Healthcare costs are estimated to rise 4.9% annually for the foreseeable future, which is well beyond the general rate of inflation.