Whoa...........that's a little skinny, even for me. 53, eh?
Well, if it was me, I would take the 7 months of unemployment (I'm assuming here you want to cut back)
and live on the unemp. comp. plus your wife's income
while you plan your escape.
I assume you can do that without tapping into the IRA.
At your age, if I was motivated and with your spouse's
agreement, I would find something you enjoy even if
part time, and then actively plan for ER. I agree drawing from the IRA at this time should be a last resort.
You can do it though. I semiretired at 49 with a smaller
net worth than you have now. That was 11 years ago and I have not touched the IRA yet. You will need some luck and a
cooperative spouse. I had the luck but had to leave the spouse behind. Assume you would prefer something less drastic.
Saving like crazy, then selling the house
and cutting back your lifestyle should get you there
pretty quickly. I could do it starting from where you are
now. The keys are how motivated you are and how your wife feels about it. It's not easy.