FreeByte

Retirement healthcare cost calculator

Medical costs in later life.

Built and reviewed by Dovanic, Founder and editor, FreeByteLast reviewed: 2026-08-18
$
4.5%

Lifetime healthcare cost

$320,870

Cost in the final year

$21,639

With these inputs, lifetime healthcare cost comes to $320,870 over 25 years. Cost in the final year works out to $21,639.

Average per year
$12,835

Over time · by years in retirement

What moves the number · Lifetime healthcare cost

Input−10%Now+10%
Yearly healthcare cost$288,783$320,870$352,956
Medical inflation$301,878$320,870$341,276
Years in retirement$280,347$320,870$388,752

Solve for an input

Whatmakesequal

Compare scenarios

Save this set of inputs, change something, then save again to compare the outcomes side by side.

Medical costs in later life.

A worked example

Starting figures

Yearly healthcare cost
$7,200
Medical inflation
4.5%
Years in retirement
25

What it returns

Lifetime healthcare cost
$320,870
Cost in the final year
$21,639
Average per year
$12,835

How to read the results

With the defaults above, lifetime healthcare cost works out at $320,870.

Related calculators

Pension drawdown calculatorAnnuity income calculatorAnnuity vs drawdown calculatorCash-on-cash return calculatorPhased retirement calculatorClaiming age calculator