For most people their main goal while working is to save enough money for retirement. It can be tough to know when it’s time to leave the work force. More importantly, are you really ready? Here are 8 signs that suggest it may be time to leave the working world behind for good.
1. You Can Afford It
One of the first questions you have to ask yourself is, “Can I afford it?” If you have done a good job planning for retirement and have little to no debt you are off to a good start. Many financial institutions offer retirement calculators to help you put into perspective how much you need to retire comfortably. Most advisors suggest that you will require at least 50% of your working income to retire and maintain your current level of living.