Asking for insight

To retire would be ideal but I think you should explore retraining options offered by your local public community college. You will want to do something to keep busy and with luck you will get paid for your efforts. Given your work history I think you can qualify for free programs. Talk to your local employment service.
 
If it was me, I'd start looking for easy ways to earn just $10K - $20K/year part time. If spouse did the same, investments would have to cover only a small, entirely sustainable gap. See Bob Clyatt's book on semi-retirement called "Work Less, Live More."
 
Just a note for syd. When you hit the quote button, make sure you don't delete the [/quote] from the end of the quoted passage. You'll end up with a nice little quote box that way.


Edit: Oops, I see you were doing it right before. Probably just a typo this time. Sorry.
 
How about spending some years in low cost countries?
If you do it soon it might expose your kid to new language ang lifestyle. If you do it while kid is in college it will stretch your budget.
Look into the blogs of perpetual travellers.
 
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