---
title: 10 signs it's time to retire (and how to know you are ready)
url: https://wealthscout.app/updates/10-signs-it-is-time-to-retire
category: Net worth
updated: 2026-08-23
---

# 10 signs it's time to retire (and how to know you are ready)

Source: https://wealthscout.app/updates/10-signs-it-is-time-to-retire

The signs that it is time to retire are split between math and psychology. Mathematically, you are ready when your safe withdrawal rate covers your expenses, your high-interest debt is gone, and you have a cash buffer. Psychologically, you are ready when you recognize the 'One More Year' trap, prioritize your depreciating physical health over your compounding portfolio, and have a clear purpose to avoid the boredom of sudden freedom.

## Takeaways

- The 'One More Year' syndrome is a trap. If your safe withdrawal rate covers your expenses, you are working for ego, not survival.
- The health wake-up call: retiring at 65 with a massive portfolio means nothing if physical limitations prevent you from enjoying it.
- You must have a plan for your time. The 'boredom trap' is the leading cause of failed early retirements.

**Scope.** Safe Withdrawal Rates (SWR) are theoretical models based on historical market data. Past performance does not guarantee future results. Always consult a fiduciary financial planner before making permanent retirement decisions.

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## Questions

## Sources

- [Australian National Accounts: Finance and Wealth, March 2026](https://www.abs.gov.au/statistics/economy/national-accounts/australian-national-accounts-finance-and-wealth/latest-release) — Australian Bureau of Statistics