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I think you must decide yourself when to tell her that this is now a permanent decision and how it must be. It will never be the "right time" and it will never be "easy" and you should expect anything in terms of alternating raging and grieving and tears. Is this not worth mourning? And if it isn't then what is? Let her express her grief. Know that you will receive the most of it and the brunt of it as she sees you as having the keys to the kingdom. She thinks you can reverse this. For your own sake, you shouldn't do that.
For myself I believe in honesty. Putting it off with false hope will add to the fury that is building, because quite honestly she likely already KNOWS. She just isn't ready to face it, nor perhaps are you. Dr Laura has an expression I use here over and over again. "Not everything can be fixed". In aging care, so full with losses, there are MANY things that cannot be fixed.
I wish you the best. You are taking full responsibility for your decision, but to be honest, in order to live a life without mental and physical breakdown yourself, there often is not a real choice ultimately. Please take care. Do the best you can. Remember, this isn't about "happiness". That flew the coop, as they say, a while ago.
She may be angry, but unfortunately, just like with small children (who also get angry) we have to make care decisions that our loved ones aren’t happy about.
If she has Dementia, I would not bother. If asks, tell a little white lie, not till the doctor says its OK. Or tell her once and don't bother to repeat it after that. They don't retain info.