The Retirement Corporation of America

Your Early Retirement Quiz

If you are weighing early retirement, take this quiz to help you determine if you are ready. The more "yes" answers, the more serious you probably are about wanting to retire early. Think through each "no" answer to see whether the objection is serious enough to put your plans on hold.

Just to make sure your answers are legitimate, have your spouse or partner take the test, answering as he or she thinks you would answer. Compare your answers with those of your spouse. Where they conflict, talk things through until you both agree.

Your Early Retirement Quiz

1. Are you sure you understand the financial impact of early retirement?
2. Are you prepared to make financial sacrifices in order to retire early?
3. If you did retire, could you accept part-time work for less pay?
4. Does your spouse share your views about the financial side of early retirement?
5. Do you feel that your job offers no further possibility of promotion or a pay raise?
6. Do you find work an increasingly taxing physical strain?
7. Have you thought through the loss of "belonging" that taking early retirement from work might bring—and can you live with that?
8. Do you feel that you deserve retirement at your present age?
9. Do you see yourself today as being old enough to retire?
10. Does your spouse believe you are old enough to retire?
11. Do you honestly believe that not retiring now would put you at physical risk?
12. Have you met all financial responsibilities for your family, so you won't feel guilty if you can't provide more?
13. Does what you plan to do in retirement sound like it will be enough to keep you occupied?
14. Does your spouse share this view?
15. Do you have a fall-back plan if early retirement doesn't work for you—part-time work you could turn to, or a major asset, such as a house, you might sell?