How to Retire a Millionaire by Age 45

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How to Retire a Millionaire by Age 45. Sure, you want to be a millionaire, but your chances of doing it on national TV are slim. If you want to retire at 45, count on making (and saving) a lot of money.

Things You'll Need

  • Financial Calculator
  • Bank Account
  • Brokerage Accounts
  • Personal Financial Software

Start at age 21.

Invest $20,000 now at a 29 percent return rate until you are 45.

Or, invest $118,336 now at a 15 percent return rate until you are 45.

Or, invest the $20,000 now, plus $782 per month, at a 15 percent return rate until you are 45.

Tips & Warnings

  • If you are older or younger than 21, but still want to retire as a millionaire at 45, see the Financenter.com Related Site, left, to calculate the numbers for someone of your age.
  • Financial calculations are not an exact science. You must also consider federal and state taxes, inflation, account management fees and other factors.
  • Sadly, $1 million does not go as far as it used to, especially if you are only 45 when you retire. Better get some financial advice before planning on that million to carry you through.

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