Fidelity Investments has released a report estimating that a 65-year-old couple retiring in 2008 would need approximately $225,000 to cover their medical costs in retirement, a 4.7 percent increase over the 2007 estimate of $215,000.

Fidelity has been calculating retiree health care cost estimates annually since 2002. The number has risen a total of 41 percent since that time, with an average annual increase of 5.8 percent.

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