US retirees need US$130,000 just to cover healthcare
6% up from last year, with medical costs ballooning - mainly due to high-priced prescription specialty drugs
New York
TODAY'S 65-year-olds in the US can expect to spend an average of US$130,000 on healthcare during their retirement, from premiums to co-payments to eyeglasses, according to new estimates.
The average single 65-year-old woman can expect to need US$135,000 to spend on healthcare in retirement, while a man will spend US$125,000, according to estimates from Fidelity Investments. (The difference is because the woman is expected to live longer - an additional 22 years, versus 20 years more for the man.)
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