Retirees Face Nearly $2,000 in Monthly Surprise Costs as 4 Budget Categories Add Up

3 articles · Updated · FinanceBuzz · Jun 18

$1,950 a month in healthcare, housing, travel and utilities can hit retirees even after mortgages are paid and commuting costs disappear.
Federal Reserve and BLS data show the biggest recurring pressures are about $680 for home costs, $650 for healthcare, $370 for utilities and $250 for travel and leisure.
$5,000 a month is the average overall spending for Americans 65 and older, with food alone adding roughly $7,940 a year beyond those four categories.
Higher medical needs, home repairs and more time spent at home can push costs up further, making pre-retirement budgeting and withdrawal planning critical on a fixed income.

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