The simple HealthView tool below provides health care cost projections and life expectancy for a healthy male or female.
The example currently on the screen displays the life expectancy and projected medical costs for a healthy 50 year male who plans to retire at 65. As you can see below, his projected life expectancy is 84. If he retires at 65, his healthcare costs during retirement will be approximately $222,917.
Enter your gender and age in the tool below to see your projected out-of-pocket medical costs during your retirement.
Gender:
Male
Female
Age:
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
Retirement Age: 65
Life Expectancy:
84
Savings Needed to Cover
Medical Expenses in Retirement
$ 80,795
Medical Expenses in Retirement
$ 222,917
Updating Charts ......
Health and financial focus
HealthView provides financial and health-related tools that analyze retirement readiness, and promote investing and ongoing advisor and investor communication.
For more information about HealthView, visit our Web site at
www.healthviewservices.com
Assumptions:
Medical expenses in retirement are future values as of the year of retirement, which is 65.
Health care costs assume person is healthy with no serious health changes.
Rate of return during retirement: 5% per year.
Rate of return before retirement: 7% per year.
The Healthcare cost inflation rates vary from 5% to approximately 12% depending on the specific expense.
Calculations assume that person has Medicare parts A, B, D and Medicare Supplement (plan C) and person is fully responsible for all premium costs.
Healthy Male, Age: 50