Americans 'out of sync' with retirement healthcare costs, report finds

Americans will need seven times more than they expect to pay for healthcare costs in retirement, according to a May 16 report from Fidelity Investments. 

Six things to know:

1. A 65-year-old couple retiring this year can expect to spend an average of $315,000 in healthcare and medical expenses throughout retirement. 

2. The 2022 estimate is up 5 percent from 2021 ($300,000) and has nearly doubled since 2002 ($160,000)

3. Single 65-year-old men retiring this year can expect to spend an average of $150,000 through retirement. 

4. Single 65-year-old women retiring this year can expect to spend an average of $165,000 through retirement. 

5. Americans estimate a couple retiring this year will spend $41,000 on healthcare expenses in retirement, according to Fidelity research. 

6. After being told of Fidelity's expenses estimate, 70 percent of respondents said they felt unprepared. A higher percentage of those with health savings accounts (47 percent) felt prepared for retirement expenses compared to those who don't have them (27 percent). 

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