3. You have reliable health insurance
Because Medicare doesn't kick in until age 65 and health insurance costs are rising faster than inflation, it's important to have a reliable, consistent source of health insurance.
Obamacare may be an option for you, but that coverage has an uncertain future. For many would-be early retirees, affordable coverage is most likely to come from a former employer.
"Having adequate health insurance and other insurance coverage including life, disability and long-term care is a factor in whether you can retire early," says Harrine Freeman, CEO of H.E. Freeman Enterprises in Bethesda, Maryland.
A policy with low deductibles and copays that covers prescriptions, doctor visits, hospitalization, dental and vision will help keep out-of-pocket expenses as low as possible.