How much should you expect to pay for health costs in retirement?

According to Fidelity the number is $240,000!! This is an estimate for out of pocket expenses from retirement until death. One way to approach this is to eat well and exercise. This is the cheapest option. You can also look into getting LTC insurance. Your mid- fifties would be a time to consider this to keep premiums reasonable. Finally you need to include health care costs in any retirement budget that you are creating. The bottom line is this is another reason you need to begin saving for your retirement as early as possible