---
title: Retire assets
description: You can retire an asset at any time.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-asset-management/asset-management/t\_RetiringAssets.html
release: australia
product: Asset Management
classification: asset-management
topic_type: task
last_updated: "2026-03-12"
reading_time_minutes: 1
breadcrumb: [Work with Asset and CI, Use, Base Asset Management, Common applications, Asset Management]
---

# Retire assets

You can retire an asset at any time.

## Before you begin

Role required: asset

## About this task

After you change the state of an asset to **Retired**, the **Substate** field is active. When you retire an asset, the status of related CIs also changes to **Retired**. Selecting a substate is not required, but can be helpful for tracking and reporting.

**Note:** When you manually change the state of the asset from **Retired** to any other value such as **In use** the asset becomes active again.

## Procedure

1.  Navigate to **All** > **Asset** > **Portfolios** > **All Assets**.

2.  In **State**, select **Retired**.

3.  In **Substate**, select **Disposed**, **Sold**, **Donated**, or **Vendor Credit**.

4.  Click **Update**.


**Parent Topic:**[Work with Asset and CI](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/asset-management/work-with-asset-ci.md)