That 2023 estimate is the same as the 2022 estimate due to expected limits on retiree out-of-pocket prescription drug costs beginning in 2025. It is the only time in 22 years of estimations that the number has remained flat year over year, according to a June 21 news release from Fidelity Investments. However, that number has nearly doubled since 2002, when the estimated healthcare costs for a single retiree was $80,000.
Americans tend to underestimate their healthcare costs in retirement, a 2022 survey found. On average, they expect a couple to spend $41,000 on healthcare post-retirement.
