Total retirement health care cost

published by Bloomberg:

Take a good stare at that folks.

If you just retired at 65 your medical expense is projected to be $280,000.

If you're 55 right now and a male (you die earlier) your expected health care costs from 65 to death total a half million dollars.

If you're 45 it's nearly $800k large.

If you're female it's far worse, since women live longer.  About 2-3 years longer, to be exact.  If you're female the total is anywhere from 30-42% higher.

Are you understanding the problem of escalation -- that is, exponents -- here?  10 years previous that total was about $150k.  10 years prior to that -- if you retired in 1997 - it was under $75,000 total, or about $3,750 a year.  That many people could pay but right now most of those people are in the process of dying, and in another 5-10 years they will all be dead.