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Retirement Timing & Age Readiness Worksheet

ByLife After Retirement

Use this worksheet to reflect on your readiness for retirement. Circle, check, or write in your answers as you think through each section.

1. Age Benchmarks & Milestones

  • My current age: ________

  • My target retirement age: ________

  • Social Security eligibility age: ________

  • Full Retirement Age (FRA): ________

  • Medicare eligibility age (65): ✔

  • Ideal age to begin drawing retirement benefits: ________

 2. Health & Lifestyle Readiness

How do I feel about my health today?
 ☐ Excellent
 ☐ Good
 ☐ Fair
 ☐ Poor

Do I want to retire earlier to enjoy active years while health is strong?
 ☐ Yes
 ☐ No
 ☐ Not sure

What lifestyle goals do I want to pursue right after retirement?

●   ________________________________________________________

●   ________________________________________________________

 

   3. Financial Considerations by Age

Am I financially prepared if I retire at:

  • Early 60s (before full Social Security & Medicare)?
     ☐ Yes ☐ No ☐ Unsure

  • Mid-to-late 60s (FRA, Medicare available)?
     ☐ Yes ☐ No ☐ Unsure

  • 70 or later (maximum Social Security benefits)?
     ☐ Yes ☐ No ☐ Unsure

Estimated years of retirement I’m planning for (life expectancy): ________

4. Emotional & Psychological Readiness

How strongly is my identity tied to my career?
 ☐ Very strongly
 ☐ Somewhat
 ☐ Not at all

Am I emotionally ready to leave the workforce?
 ☐ Yes
 ☐ No
 ☐ Not sure

How do I want to spend my days in retirement?

●   __________________________________________________________________

●   __________________________________________________________________

●   __________________________________________________________________

5. Family & Personal Responsibilities

Do I have caregiving responsibilities that affect timing?
 ☐ Yes ☐ No
 If yes, explain: ____________________________________

Are there family milestones I want to align with (children, grandchildren, spouse’s retirement, relocations)?
 ☐ Yes ☐ No
 If yes, describe: ____________________________________

6. Next Steps

  • My earliest realistic retirement age: ________

  • My ideal retirement age: ________

  • My latest possible retirement age: ________

Action items to explore further:

1. _______________________________________________________

2._______________________________________________________

3.______________________________________________________

Review this worksheet annually, as health, finances, and priorities often change over time.

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