A 65-year-old couple retiring in 2008 may need about $240,000 to cover medical costs in retirement.
Consultants at Fidelity Investments, Boston, published that estimate in Fidelity’s latest post-retirement health cost forecast.
The latest estimate is 6.7% higher than the estimate Fidelity published in 2008.
Since Fidelity first calculated the cost in 2002, the figure has risen a total of 50%.