Re: My situation
Welcome to the board!
Others are far more knowledgeable than I am, but here's my thoughts. Using a 4% rule of thumb, your $500k can provide you with $20k of income per year. Can the $33k from your wife plus that $20k from your portfolio plus your part time job salary cover your expenses?
The other big bugaboo is health insurance. Can you get coverage through your wife's employment?
When your wife hits 62 would she start collecting SS?
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.