Barbara Walters is ready to announce her retirement. Sources confirm to Page Six that she will step down in May 2014.

Our source says the 83-year-old newscaster will be sent off with a year of specials leading up to her retirement, which will also see her leaving her show “The View.”

The source said, “She’s one of a kind and what she has done is remarkable. There will be an announcement about her retirement soon.”

Deadline was first to report today that the veteran TV journalist is ready to hang up her mic.

According to the site, Walters was determined to leave on her own terms so it is unclear if she will change her mind now that news of her retirement is out.

Walters was first rumored to retire in December 2011 after TMZ posted a remark she made to President Obama that she is “retiring next year.” Her recent bout of illness following a fall in DC sparked further speculation that she might step down.