articleThe Brief Americans retiring at age 65 in 2026 are expected to spend an average of $185,500 on health care during retirement. The estimate is 7.5% higher than last year because of rising medical costs and increased health care use. Americans retiring at age 65 in 2026 can expect to spend an average of $185,500 on health care and medical expenses throughout retirement, according to Fidelity Investments' 25th annual Retiree Health Care Cost Estimate. Big picture view:Fidelity has published its annual health care cost estimate since 2002 as a planning benchmark for retirees. What you can do:Fidelity said planning ahead remains one of the most effective ways to prepare for rising health care expenses.