Mike MilliganFounder and CEO, 1.oak Financial · Founder and CEO, 1.oak Financial

The Real Cost of Inflation for Retirees (Food, Housing, Healthcare)

8 Dec 2025 · 1 min

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In this segment, Mike Milligan highlights the steep rise in healthcare costs facing retirees. He references Fidelity’s estimate that a typical 65‑year‑old couple retiring today will need about $315,000 in out‑of‑pocket medical expenses, noting that these costs are increasing faster than overall inflation. Milligan stresses that retirees on a fixed income must incorporate this looming expense into their budgeting plans to ensure they can cover future healthcare needs.

Chapters

The healthcare inflation, right? According to Fidelity, the average 65-year-old couple retiring today will need around $315,000 for out-of-pocket medical costs. That's a lot of money. Oh yeah. And those costs are rising faster than inflation. So if the money is $315,000 in today's dollars and you're on a fixed income or you don't have that money readily saved, we need to work that into your budget to find out how we're going to be able to cope with those costs.