Are you ready to retire? Take this quiz to find out

In the good old days, retirement came when your boss said it was time. But with more people taking the entrepreneurial road or achieving great success early on in their careers, retirement is a valid option even for those in their 30s. Before you take the plunge though, take this quiz to find if you're truly ready for it:
Do you have your own fully paid for home?

a) Yes, I've been a home owner for a few years now.

b) Not yet, but I do plan on buying one eventually.

If you have children, do you still provide for them financially?

a) My children are grown up with stable jobs.

b) No, I am still doling out cash in a crisis to them.

Apart from your job, do you have another source of income, in the form of a rented home, side business or freelance options?

a) Yes, I do have another source of income.

b) One job. That's it.

Are people in your age group and social circle also retired?

a) A few of them are.

b) No, all my friends still have fulltime jobs.

Do you have hobbies or interests that engage you?

a) Yes. They bring me a lot of joy.

b) No, my work is my life.

Look at your friend circle. How have you met the majority of them?

a) My close friends circle comprises my college buddies.

b) I've met all of my close friends on the job.

Do you currently have any debt?

a) No. I have been debt-free for quite a few years.

b) Yes, but I am slowly working towards paying it off.

Does the idea of not having a routine excite you?

a) Yes, I can't wait to make my own.

b) Not really — it makes me a bit apprehensive.

Mostly As

It looks like you're ready to put in your retirement papers. Having your own home, being financially secure and not having any dependents means that you can enjoy t he freedom retirement brings without the daily stress of trying to m ake ends meet. Having a secondary source of income, hobbies and friends in the same situation as you, will make the transition even more enjoyable.

Mostly Bs

Perhaps it is best if you wait a little longer. Getti ng out of the game altogether when you are not on solid financial ground ca n be detrimental to your bank balance and even mental health. The thumb rule is: if you have debt, you need to keep your job. Being the first to retire in your social circle could mean you'll end up bored and could actually miss the routine a full-time job offers.
Source : ET wealth