Hoping to have my situation vetted. I'm looking at taking a sabbatical next year to test the waters but will be leaving a very good, well-paid job to do so. Some of my work is still fun, but I'm over the megacorp and being chained to all the nonsense that comes with it. I may choose to work as a consultant or take short term contracts (unless the time off is so great I end up liking it too much).
Barring a huge downturn, I anticipate the following when I give notice in Jan 2021:
54 yrs old, partnered, no kids
2.4M LNW, out of which 2.2M in 60/40 index funds, 240k cash (set aside for potential RE down payment--currently renting--or retiring into a recession)
Expenses $52k/yr (without travel, estimate $500/mo for ACA)
Additional travel budget $24k/yr, bringing total desired to $76k/yr
I'm not counting on SS but maybe that will be gravy.
If I choose never to work again is this do-able? Firecalc says yes but I worry I'm missing something.
Barring a huge downturn, I anticipate the following when I give notice in Jan 2021:
54 yrs old, partnered, no kids
2.4M LNW, out of which 2.2M in 60/40 index funds, 240k cash (set aside for potential RE down payment--currently renting--or retiring into a recession)
Expenses $52k/yr (without travel, estimate $500/mo for ACA)
Additional travel budget $24k/yr, bringing total desired to $76k/yr
I'm not counting on SS but maybe that will be gravy.
If I choose never to work again is this do-able? Firecalc says yes but I worry I'm missing something.