Can I Retire at 45 with $2 Million Dollars?

Shawn Plummer

CEO, The Annuity Expert

Retire at 45 with $2M

Retiring at 45 with $2 million is feasible. An annuity can be a viable option, providing a steady income stream.

Understanding Annuities for Retirement

An annuity is a financial product that provides a fixed stream of payments to an individual, typically used as an income stream for retirees.

  • Annual Income: With an annuity, a 45-year-old could receive approximately $91,200 per year.
  • Lifetime Income: This income typically lasts for the lifetime of the individual.
  • Beneficiaries: Any remaining balance in the annuity can be passed down to beneficiaries.

Planning your retirement? Use our annuity payment calculator to get a clear picture.

Factors to Consider

  • Inflation: The value of $91,200 may decrease over time due to inflation.
  • Healthcare Costs: Healthcare expenses can increase as you age.
  • Lifestyle: Consider if $91,200 annually supports your desired lifestyle.
  • Investment Risk: Annuities may have different levels of investment risk.

Example: Suppose you retire at 45 with a $2 million annuity. You receive $91,200 annually. If you live to 85, you would have received a total of $3,648,000 over 40 years, not accounting for inflation.


Retiring at 45 with $2 million is possible through annuities, offering a steady income. It’s crucial to consider factors like inflation and lifestyle costs. Consult a financial advisor to tailor a plan to your needs.

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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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