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Retirement Budget Calculator
Build a monthly retirement budget and estimate your income needs.
About This Calculator
Fidelity estimates retirees need 55%–80% of pre-retirement income, but individual budgets vary widely. Healthcare is the fastest-growing expense in retirement — Fidelity projects the average 65-year-old couple will spend $315,000 on healthcare costs throughout retirement (2023). Retirees who pay off mortgages before retiring and eliminate commuting costs often find 60%–65% replacement sufficient.