Retirement planning is crucial, but unexpected expenses can derail even the best-laid plans. The average retiree spends $70,207 per year, or $5,850.58 per month. Health care is the top “stealth cost” in retirement, with many underestimating expenses. Fidelity estimates $165,000 in health care costs for those turning 65 in 2024, but retirees only expect to spend $75,000.

Read more at Yahoo Finance: How Much Retirees Spend Every Month Plus the One Expense That Shocks Them