At some point in your life, you'll be ready to hang it up and take it easy. Fishing and leisurely life everyday. No alarm clock, no boss! It's time to retire!

In order to do so, you must make sure you have planned properly and where you plan to live out the sunset of your life plays a huge part in that retirement plan. Good news for you! North Dakota ranks pretty high for the best states for early retirement. Plus, retirement after the age of 65, you'll receive tax benefits and huge breaks that mean could mean extra money on a monthly basis, but if you can't wait until then, here are the best states for early retirement.

  1. Kentucky
  2. South Dakota
  3. Wyoming
  4. Tennessee
  5. Mississippi
  6. New Mexico
  7. Pennsylvania
  8. Montana
  9. Florida
  10. Texas

At #13 is North Dakota.

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Smart Assets looked at various factors including sales tax rates, health care, quality of life, property tax rates and living costs such as health insurance and housing. You can get more information on the methodology here.