Workers frequently ponder the question, "Am I ready to retire?" Here are a few signs that you might be ready to retire.

Adequate Savings and Investments

The state of your savings and assets is perhaps the single most significant element in determining whether or not you're prepared for retirement.

You Have No Consumer Debt

An excellent indication that you are financially prepared for life after work is the elimination of your debt before retirement.

Your Home Is Paid Off

Although it's not necessary to pay off your mortgage before you retire, doing so can significantly ease the strain on your retirement income.

You Have a Life Plan After You Retire

Your intellect will stay fresh and the adjustment to retirement will be simpler if you have a plan for your life after retirement.

You Have Proper Health Insurance

Without proper health insurance, you'll need to fund additional medical expenses out of your own pocket. 

You Aren't Supporting Anyone Else

Delaying retirement, for example, until your children are no longer in school may be a good idea.

You've Maxed Out Your Social Security as Much as Possible

Do the action that is within your power and post at least 35 years' worth of income.

Your Health Is Declining

Even if you are not completely financially prepared to retire, it may be appropriate if your health is failing.

You're Tired of Work

You could decide to retire a little early than anticipated and start living your life rather than putting in long hours at a job you hate.