The Number That Will Shock You: Planning for Retirement Health Costs

Here’s a number that stops most men cold: according to Fidelity, a 65-year-old retiring today will need approximately 65,000 just to cover healthcare costs throughout retirement — and that figure has more than doubled since 2002. For men over 50 who are still in the planning phase, healthcare expenses are almost certainly the most underestimated line item in their retirement budget. In this episode, we walk through what Fidelity’s research actually tells us about retirement health costs, why those costs keep rising, what specific expenses they cover, and what you can do right now to start planning for them before they become a crisis.

Insight Map

Healthcare is the retirement expense most men underestimate. This visual breaks down Fidelity’s retirement health cost projections, the key categories of medical expense in retirement, and a practical planning framework for men over 50 who want to get ahead of the numbers.

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The Encore Project Editorial Team

The Encore Project Editorial Team develops research-based articles and practical guidance designed to support senior men navigating life’s second half. Content is created using advanced research tools and AI assistance under the direction and editorial oversight of founder Bill Leighty. Every article is carefully curated to ensure it is relevant, thoughtful, and aligned with The Encore Project’s mission: helping men remain purposeful, engaged, and resourceful in retirement and beyond. The Editorial Team focuses on topics including financial empowerment, creative pursuits, grief and loss, health and wellness, faith, relationships, and lifelong growth.

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