This is what you should be saving for in your old age

Americans 65 years and older may not have as many job-related costs, such as commuting to an office or work clothes, but they still spend plenty, according to data from the Bureau of Labor Statistics.

Housing was their greatest expense, at more than $15,500 a year (and about a 35% share of the household budget). Transportation accounted for nearly $7,000. Cash contributions, such as donations and child support, was more than $2,000, the data showed.

Out-of-pocket health care cost almost $6,000 (and 13% of the budget). Health-care costs can range, and aren’t always expected, but sometimes are extremely high for retirees. Experts say it’s important to account for health-care expenses when planning for retirement, but it’s still one of the top reasons Americans are anxious about their futures.

There are plenty of other expenses retirees have to consider when they finally decide to call it quits (even if they do plan to earn extra money with a flexible job). Experts suggest before someone retires that they consider all their future bills and financial goals, perhaps even living on the budget they expect to use in retirement, to avoid potentially running out of money. And most retirees will tell you their biggest financial regret was not saving enough for retirement earlier.

Here’s a breakdown of older Americans’ spending habits, according to the Bureau of Labor Statistics:

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