What Will Healthcare in Retirement Cost You? Try $295,000.

There's a reason so many seniors fear the idea of retirement: Leaving the workforce means moving over to a fixed income while having to deal with a host of financial unknowns. Each year, Fidelity releases its annual Retiree Health Care Cost Estimate, and this year, it states that the average 65-year-old couple retiring in 2020 can expect to spend a whopping $295,000 on medical expenses throughout retirement. Now there are a few things you should about Fidelity's estimate.