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6 signs that you are ready to retire early

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2. You can live on your retirement budget
2. You can live on your retirement budget | Yagi Studio/Getty Images

2. You can live on your retirement budget

Expenses may drop in retirement, but not as much as you might think.

Try making a retirement budget and living off it for six months before you retire. If you can't make it without raiding savings or using credit cards, you're not ready yet.

To put your retirement budget together, you need to understand what your cash flow will be like after retirement. And be sure to factor inflation into your budget.

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