I came across this thread again almost two years after my original post. Thanks again everyone for posting and for the advice.
By way of update, besides the world being turned upside down by the virus, things have gone better than I could have imagined.
I ended up finding (actually my wife found the job for me) a job back home for about 50% of my prior pay but with about 10% of the stress. The job has its challenges but I enjoy it.
With the increase in the market, deferred compensation from my prior job and contributions from my new job, our stocks and cash are at about $4.5M. We have a house that we paid cash for and our child’s 529 is now at $125K which will cover four years at the in-state colleges.
When I read over my prior email, I remembered that feeling of stress and despair. I look back at it now and I am so glad that we walked away. Everyone in the family is happier. Once we moved and before the virus, we were able to see our family regularly and my child enjoys having family around for the first time. Even if you discount the low virus spend, it is clear that our overall spend will be even lower than we previously projected. I guess I had forgotten how low the cost of living is back home.
Thanks again.