Largest Portion Of Cost Of Living During Retirement. Consider researching supplemental policies and prescription. (among those who have retirement accounts at all) was just $65,000 in 2019.
Here's a broad rule of thumb that you can use to figure out how much money you'll need when you retire: Multiply current annual spending by 25. At 75 years and older, average spending was only $34,000, though health care expenses may spike up for many.