Husband wants to retire

[Charlotte]

Removed....

[Khan]

How much does he make?
What does he do? Is there anything he'd love doing that could still pull in -any- money? Part time?
How do you feel about your own job? Could he assist you in doing it? Do you feel good about working -your- job till 65 or whenever?

Yes, you could do it, but that's barring any negative changes in the situation(such as you becoming unable to work) at which point, you'd have enough money to last some time, but then he's been out of the job for "x" amount of years, where "x" adds a non-insignificant burden to attaining a job.

Consider alternatives as well. What requires you to live on 2400$ a month?

Considering it's 5 years out(ish), it's not a terrible plan, but it's not the best, most fully developed one either. Also, maintaining 50k in actual cash is probably a bad idea. Instead think about bond/stock allocation, and a slow rotation/feeder pipeline of bonds/CD's if you want to know you have money available, without completely wasting the ability of 50k.

Also, assuming 7% investment growths per year, investing 30k a year(at 2500$ a month) turns into 180k in 5 years, not 150k.

[chops]

Charlotte,

Good for you starting to think about a back of the envelope 5 year plan now.  You've done an excellent job already putting together $250k of savings and $250k of home equity.  But my view is that your husband should look for a new job now, even though he is anxious about looking/leaving.  Check out MMM's "Fear is just a chemical" article:

http://www.mrmoneymustache.com/2013/08/23/fear-is-just-a-chemical/

The benefits of a new job could vault you towards FIRE even if it's for the same $$ (he could find one close enough to bike/walk & reap the transportation and health benefits) and he could like it better.  In addition, you can usually negotiate a raise when moving companies.  Just ask, you may surprised what you get. 

I've worked many years in places that were poisonous environments and taking a chance on something new made all the difference.  Each time I kicked myself for not moving sooner.  You've got enough savings already and he has a very employable skillset, so trying a new job is a fairly small risk for a potentially great reward.  He could get a shorter commute, better health, and a better work environment that could improve both of your lives until you achieve FIRE.

Best of luck with whatever you and DH choose!

- Chops 

[daverobev]

You have $250k = $10k annual income at 4% SWR, invested;

you need $2.4k a month;

you make $3.4k a month;

why not have him retire now...? Sell a vehicle, pay off some debt, and you're done?!

[fodder69]

Work out what is actually liquid (a retirement fund at this point doesn't mean they can draw on it) and set it up that way. Change is not always good but if he really hates his job and it is toxic than he WILL be so much happier starting somewhere else. It is difficult to change, but you know retiring will be a big change also, so start now by going somewhere else.

You don't say what he does except blue collar, and you know what, there are always blue collar jobs out there for a *good* worker! That said please say it is the job and not him that is toxic. Trying not to judge but some people complain about anything so sometimes it is hard to say what is what. But if he is a good worker there are LOTS of places (even in slow job marrkets) that will be happy to have him. Especially if he goes out now with the attitude that "I have a job but I am looking for better". It is so easy to convince yourself not to change something, and most of it is based on erroneous beliefs about what other people think. Even in a small town, people know the deal and will respect you standing up for yourself much more than "loyalty" to a crappy boss.

Anywyay, Merry Christmas and Good Luck!