Can You Retire at 45 with $3 Million?

Shawn Plummer

CEO, The Annuity Expert

Retiring at 45 with $3 Million

Yes, you can retire at 45 with $3 million. An annuity will provide an annual income of roughly $136,800 for the rest of the 45-year-old’s lifetime. Any remaining balance will be passed down to beneficiaries.

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Retiring Early with Annuity:

What is an Annuity? An annuity is a financial product that provides a steady income stream, usually for the rest of your life.

Retiring at 45 with $3 Million: If you choose to retire at 45 with $3 million, an annuity can provide a reliable income.

Financial Breakdown

  • Annuity Income: With $3 million, an annuity could offer about $136,800 annually. This figure is based on current annuity rates and can vary.
  • Longevity of Annuity: This income is typically guaranteed for life.
  • Beneficiaries: Any remaining balance from the annuity can be passed down to your heirs.

Other Considerations

  • Inflation Impact: Consider the impact of inflation on your future purchasing power.
  • Healthcare Costs: Account for potential healthcare expenses, which can be significant in later life.
  • Lifestyle Choices: Your retirement lifestyle choices will influence how far your money goes.

Related Reading: Can You Retire At 45 With $500,000?


Retiring at 45 with $3 million is feasible, particularly with an annuity providing a stable annual income of around $136,800. This plan should incorporate considerations for inflation, healthcare, and lifestyle. With careful planning, this approach can support a comfortable retirement, with the benefit of leaving a legacy for beneficiaries.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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