Is $4 Million Enough to Retire? Here’s How to Make It Work for You

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

How Long Will $4 Million Last Using the 4% Rule?

The 4% rule is a widely accepted guideline for retirement planning. It suggests that you can withdraw 4% of your retirement savings annually without running out of money for at least 30 years. With $4 million, this translates to an annual withdrawal of $160,000. This amount can be adjusted for inflation each year to maintain your purchasing power, offering a structured approach to ensure your savings last throughout your retirement.

Guaranteed Income

If managed properly, retiring with $4 million offers a comfortable lifestyle. One of the most effective ways to ensure a steady income is to use an annuity with a lifetime income rider. This financial product guarantees a monthly income for life, helping you maintain financial stability throughout your retirement years.

Can I Retire With $4 Million

Use Your $4 Million For Guaranteed Income For Life


With our annuity calculator, you can discover the precise monthly income you’ll receive for life from your $4 million in savings. These figures aren’t guesses—they’re actual payouts from the 35 annuity insurance companies we partner with. This means we save you time and ensure you get the best rates possible, giving you a clear and reliable financial future.

Social Security Integration

Your Social Security benefits also play a crucial role in your retirement plan. The average Social Security income can supplement your annuity income, enhancing your overall financial security. For instance, the average Social Security benefit can add a significant amount to your monthly retirement income, making your savings last longer.

How To Retire On 4 Million Dollars Immediately

The table below illustrates how much monthly income can be generated immediately with annuity payments and Social Security Income (SSI).

If you retire on a $4,000,000 annuity, starting immediately, your monthly income for life would be:

AgeSSIAnnuityTotal
62$3,086$25,167$28,253
65$3,086$26,433$29,529
70$3,086$28,500$31,586
Total = Monthly Income for Life

How To Retire On 4 Million Dollars In 5 Years

The table below illustrates how much monthly income can be generated in 5 years with a combination of annuity payments and Social Security Income (SSI). The “Age” column is the purchase date. If you retire in 5 years on a $4,000,000 annuity, your monthly income for life would be:

AgeSSIAnnuityTotal
62$3,086$38,271$41,357
65$3,086$39,640$42,726
70$3,086$42,433$45,519
Total = Monthly Income for Life

How To Retire On 4 Million Dollars In 20 Years

The table below illustrates how much monthly income can be generated in 5 years with a combination of annuity payments and Social Security Income (SSI). If you retire in 20 years on $4,000,000, your monthly income for life would be:

AgeSSIAnnuityTotal
40$3,086$52,609$55,695
45$3,086$58,473$61,559
50$3,086$64,418$67,504
Total = Monthly Income for Life

How To Retire On $4 Million By Age

The following guaranteed income amounts are annual and do not include Social Security Benefits.

Retire At Age 55 With $4 Million.

The following table estimates the guaranteed annual income a 55-year-old can retire with $4 million. This does not include Social Security Benefits.

Annuity Purchase DateAnnual Income At 55
Age 40$546,543
Age 45$481,016
Age 50$352,800
Age 55$260,000

Retire At Age 60 With $4 Million.

This table estimates the guaranteed annual income a 60-year-old can retire with $4 million. This table does not include Social Security Benefits.

Annuity Purchase DateAnnual Income At 60
Age 40$631,309
Age 45$620,258
Age 50$555,200
Age 55$386,772

Retire At Age 65 With $4 Million.

The following table estimates the guaranteed annual income a 65-year-old can retire with a $4 million annuity. This table does not include Social Security Benefits.

Annuity Purchase DateAnnual Income At 65
Age 40$730,839
Age 45$701,672
Age 50$695,026
Age 55$575,615
What Percentage Of People Retire With $4,000,000

How We Can Help

Retiring with $4 million involves careful planning and understanding your financial needs. At The Annuity Expert, we specialize in helping individuals like you navigate retirement planning, insurance, and annuities. With 15 years of experience as an insurance agency, annuity broker, and retirement planner, we understand the core problem you face: securing a reliable and sufficient income for your retirement years.

Understanding Your Concerns

We recognize that your main concern is ensuring your savings last through your retirement. This worry can manifest as anxiety about market fluctuations, inflation, and unexpected expenses. These emotional burdens can weigh heavily, making it essential to find a solution that offers peace of mind.

Our Commitment

We are committed to finding the best solutions at the lowest costs, ensuring you get the most out of your retirement savings. Our goal is to help you achieve a secure and comfortable retirement without the stress of financial uncertainty.

Is 4 Million Enough To Retire

What We Recommend

  • First Step: Initial Consultation
    • Start with a free consultation.
    • Assess your financial situation, retirement goals, and concerns.
    • How it benefits you: Gain a clear understanding of your needs and the options available to you.
  • Second Step: Customized Retirement Plan
    • Create a customized retirement plan tailored to your specific circumstances.
    • Outline the best strategies for maximizing your income and protecting your assets.
    • How it benefits you: Have a detailed roadmap that guides your financial decisions.
  • Final Step: Implementation and Ongoing Support
    • Help you implement the plan and provide ongoing support to adjust as needed.
    • Ensure you remain on track and can adapt to any changes in your financial situation.
    • How it benefits you: Achieve financial security and peace of mind throughout your retirement.

Features and Benefits

  • Personalized Planning: Tailored strategies that fit your unique needs.
  • Expert Guidance: Professional advice backed by 15 years of experience.
  • Comprehensive Solutions: Integration of annuities, insurance, and other financial products for optimal results.

Common objections might include concerns about the cost of services or the complexity of financial products. We counter these by offering transparent pricing and clear, easy-to-understand explanations of all products and strategies.

Failing to plan with expert guidance can lead to financial instability and stress. However, working with us ensures you have a solid plan that offers stability, security, and the confidence to enjoy your retirement fully.

For free advice or a free quote, contact us today. Let’s secure your financial future together.

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Frequently Asked Questions

Is $4 million enough to retire at 50?

Yes, you can retire at 50 with four million dollars. At age 50, an annuity will provide a guaranteed level income of $215,000 annually starting immediately for the rest of the insured’s lifetime. The income will stay the same and never decrease. If the annuitant selected the increasing income option, they would receive $168,000 annually initially, with the income amount increasing over time to keep up with inflation. Either lifetime income option will continue to pay the annuitant even after the annuity has run out of money. At the time of the annuitant’s death, the designated beneficiary will inherit the remainder of the annuity.

Is $4 million enough to retire at 55?

You can retire at 55 with four million dollars. Opting for an annuity at this age, you’ll receive a fixed yearly income of $225,000 for life. Alternatively, starting with $186,000 annually, you can choose an increasing income option that adjusts for inflation. Both options ensure continuous payment even if the annuity funds are depleted, and any remaining amount will be passed on to a designated beneficiary upon the annuitant’s death.

Is $4 million enough to retire at 60?

At age 60, with four million dollars, you can retire and opt for an annuity, guaranteeing a lifetime income of $244,000 annually without any decrease. Alternatively, you can begin with $208,000 yearly, which will increase over time to offset inflation. Regardless of the chosen option, payments continue even if the annuity funds are exhausted, and any remaining balance is inherited by a designated beneficiary upon the annuitant’s demise.

Is $4 million enough to retire at 65?

Suppose you retire at 65 with four million dollars. In that case, an annuity can offer a stable yearly income of $269,200 or, if you prefer an inflation-adjusted approach, start at $230,800 with increments over time. Either way, payments persist even if the annuity’s funds deplete, and upon the annuitant’s passing, the leftover amount is passed to a chosen beneficiary. The cited rates, influenced by immediate payout decisions, can increase if the annuitant delays, though they may differ by state.

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, 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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