Hi and welcome to the forum. We have similar circumstances financially, but I have three kids and live in an expensive house in the Northeast that I can't sell! I envy your ability to be content on such a modest income relative to your net worth. Curious about where you live and if you plan to stay there.
I am 44, have three kids but have $1.1mm set aside for them which hopefully should be enough for college etc. The no kids factor certainly helps from a planning perspective in your situation and there is no doubt you can retire- I have run the numbers many times on many calculators. The sustainable yield for people our age is as high as 3.3% I believe, but you have to be comfortable with equity volatility. Much of our stuff is in Dow 30 stocks, ETFs with an 85% equity weighting. People always warn me about equity volatility but if the Dow fails to come back, we have bigger problems and many areas of fixed income are a guaranteed loss in real terms for the next decade. Anyhow, good luck and if I were you it would be an easy decision based on your net worth, cost of living and kid factor- if I could unload my house and buy a $900k house somewhere I would also call it quits, life is too short.
I am 44, have three kids but have $1.1mm set aside for them which hopefully should be enough for college etc. The no kids factor certainly helps from a planning perspective in your situation and there is no doubt you can retire- I have run the numbers many times on many calculators. The sustainable yield for people our age is as high as 3.3% I believe, but you have to be comfortable with equity volatility. Much of our stuff is in Dow 30 stocks, ETFs with an 85% equity weighting. People always warn me about equity volatility but if the Dow fails to come back, we have bigger problems and many areas of fixed income are a guaranteed loss in real terms for the next decade. Anyhow, good luck and if I were you it would be an easy decision based on your net worth, cost of living and kid factor- if I could unload my house and buy a $900k house somewhere I would also call it quits, life is too short.
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