Retire at 65 with $2.5 Million

Shawn Plummer

CEO, The Annuity Expert

Can I retire at 65 with 2.5 million?

Yes, you can retire at 65 with $2.5 million. Here’s how:

  1. Annuity Income: With $2.5 million, buying an annuity could provide an annual income of about $184,375 for life, passing any remaining balance to beneficiaries.
  2. Social Security Benefits: Additional income from Social Security enhances financial stability in retirement.
  3. Medicare at Age 65: Medicare coverage begins, helping with health care costs.
  4. Required Minimum Distributions (RMDs): Starting at age 73, RMDs from qualified retirement accounts are mandatory.
  5. Long-Term Care Insurance: Purchasing long-term care insurance now can mean lower premiums and financial protection against long-term care costs.
  6. Supplemental Life Insurance: If married, life insurance can protect your spouse’s financial well-being.

Ensure a steady income with our annuity payment calculator.

Financial Steps for Retirement at 65

  • Annuity Purchase: Secure a steady income stream.
  • Social Security Planning: Optimize the timing and amount of benefits.
  • Medicare Enrollment: Ensure healthcare coverage.
  • RMD Strategy: Plan for tax-efficient withdrawals.
  • Long-Term Care Planning: Invest in insurance for future care needs.
  • Life Insurance Consideration : Provide for your spouse’s future .


By taking these steps, a comfortable and financially secure retirement is achievable.

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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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