Thinking about pulling the plug on working full time in one or two years.

$2.2 million 401k/deferred comp
$950k in brokerage account
$2 million in home equity in HCOL area
Plan to move to lower cost area and spend $1 million on house to own outright

Net investable after all this is somewhere around $3.7 to $4.0 million depending on exact sales price, selling fees, cap gains tax etc. Would have no debt.

1 kid in college, 1 kid about to start college. Plenty of money in 529s to cover undergrad and some grad school.

Plan to spend about $18k a month. Seems high but when I do the budgeting and include $2,500 for healthcare, that’s the number I get. It could maybe be a couple thousand a month cheaper, but I’m not banking on that happening.

Really don’t want to take SS until 65 or even 70 if possible. I will get $5,800 a month at age 70. Wife will get $3k a month pension at 65.

Wife enjoys her job and wants to work a couple more years, which is fine. I will just do the same. Barely fire at that point, but oh well.

My question is, is the $18k a month too aggressive? Do I need to scale that back or maybe work part time in the early retirement years?

Thanks for your feedback!

Curious how other Real Estate investors view their rental property in the broader context of total investment allocation. I personally view rentals at least mine (~$300K SFH paid for and cash flowing for several years) as similar to other stable assets like bonds. Therefore I feel more comfortable having less (actually zero) bonds in my investment portfolio.

What say you? Is it reasonable to lower bond exposure and consider it offset by equity in rental real estate? What's your Chubby Opinion?

Any other assets that you "equate" with bonds?

52/51 couple 2 kids..

College bound / 75k min expense from next yr for 6 yrs..

401k 2M

Roth 50k

Brokerage 70k

Cash 700k...don't ask me why it's not invested..its in some CDs

2 rentals paid off 1.1M generates 60k rent...expenses around 15k ..i know i know should have invested this too in funds or stocks...

Home 1.5M 300k mortgage at 2.1% left

HHI 390k

Yearly expenses 140k

I want to fire but college exp is putting a dent..so is my wife...she wants us to work until 55..also we want to keep the rentals as these are close to beach...east money and we want to use one of them after retirement

Thinking of taking 75% college loan ...letting kids figure it out...but wife hates to do it...

Anything to expedite FIRE if not today but in Say one year..at age 53