I am in my mid forties; live out in the country with my wife and 2 young children, ages 3 & 7.
Am one of those people who really enjoys his work, but just wants to do less of it. Currently putting in 60-70 hour weeks. My version of early retirement is to ramp down down to 20-30 hour weeks and lead a better balance of work and life. More vacation, surfing, mountain climbing, hanging out with friends ; less work -- that would be perfect.
So will be trying to solve 2 major issues in the next couple of years.
The first is to arrange my investments so that I can withdraw some money from them if need be -- that's not been an issue I've had to solve yet. Looking to decrease volatility in the portfolio and potentially increase the amount of real estate, and high dividend stocks within the portfolio to accomplish this. Current asset allocation is 40% equities / 30% relative value (hedge funds) / 20% inflation sensitive (commodities, real estate, TIPs), 10% deflation sensitive (bonds). We've saved enough and paid down debt that we should be able to make this transition well on the current pace. I've been reading about the debates on the SWR and know better than to bring up a question on this issue in my first post.
The other issue is to get to the right level of meaningful work. Suffice it to say, without going into details that just going part-time in my current position won't work. There are ways to get there but not immediately. Starting or buying a business is an option that I'm also considering although am cognizant that getting to a 20 hour week owning a business would take a couple of years. Do have a few role models who currently have accomplished this that I can learn from. I would prefer to "ramp down" if possible rather than go "cold turkey" as I like my work. Look forward to understanding lessons from people who have accomplished this.
Well, am looking forward to learning and sharing with the community!!